StockWatch
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Non Banking Financial Company (NBFC)
Corporate Governance10 Aug 2026, 04:13 pm

UVS Hospitality: No Deviation in Fund Utilization for Q2 2026

AI Summary

UVS Hospitality and Services Ltd (formerly Thirdwave Financial Intermediaries Ltd) has filed a statement confirming no deviation or variation in the utilization of funds raised during the quarter ended June 30, 2026. The funds were raised through a Preferential Issue of Equity Shares & Warrants on May 15, 2024, totaling ₹14.63 Crs (Equity Shares), ₹3.94 Crs (Warrants), and ₹42.50 Crs (Allotment of shares by way of swap). The statement, reviewed by the Audit Committee, adheres to SEBI regulations. The company confirmed that all raised funds have been utilized as per the original objects, with no changes requiring shareholder approval.

Key Highlights

  • No deviation reported in fund utilization for Q2 2026.
  • Funds raised via Preferential Issue on May 15, 2024.
  • Total funds raised: ₹61.07 Crs across shares and warrants.
  • Statement reviewed by the Audit Committee.
  • Compliance with SEBI (LODR) Regulations, 2015 confirmed.