UVS Hospitality and Services Limited Holds Extraordinary General Meeting

UVS Hospitality and Services Limited Holds Extraordinary General Meeting​

UVS Hospitality and Services Limited (formerly Thirdwave Financial Intermediaries Ltd) held an Extraordinary General Meeting (EGM) on March 20, 2026, at 1:00 p.m. via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). Chairman Utkarsh Vartak welcomed attendees and informed them that the meeting was conducted in accordance with the Companies Act, 2013 and applicable regulations.

Shareholders were provided the opportunity to vote through remote e-voting from March 17 to March 19, 2026, and continued e-voting was available during the EGM. Hemang Satra & Associates was appointed as the Scrutiniser for the e-voting process. Results will be declared following the Scrutiniser’s report and disseminated to the stock exchange and the company’s website and CDSL.

The EGM included consideration and approval of several special business items, including:

• An increase in authorized share capital.
• The acquisition of up to 51% stake in Calcio Restaurants Private Limited through a share swap involving the issuance of 35,02,671 equity shares.
• The issuance of up to 15,83,000 equity shares on a preferential basis to a non-promoter.
• The preferential issue and allotment of 31,65,000 convertible warrants to a non-promoter.
• The regularization of Prathima Madineni as a director in the executive category.
• The change in Prathima Madineni's director category to Managing Director.
• Approval of investment limits for foreign investors up to 100% of the paid-up equity share capital.
• Approval of related party transactions.

The Chairman highlighted the rationale for the proposed fund raising and strategic acquisition, emphasizing potential operational and financial synergies, diversification of revenue streams, strengthened market position, and enhanced shareholder value.

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