UVS Hospitality and Services Limited has reaffirmed its expansion strategy after its board reconsidered and reapproved a series of growth initiatives during a meeting held on February 21, 2026. The plan includes a strategic acquisition and multiple fund-raising measures collectively valued at ₹82.48 crore, underscoring the company’s intent to strengthen its presence in India’s evolving hospitality and restaurant sector.
As part of the expansion roadmap, the board has reapproved the acquisition of up to a 51 percent stake in Calcio Restaurants Private Limited through a share swap arrangement. Under the proposed transaction, UVS Hospitality will issue up to 35,02,671 equity shares at ₹100 per share, including a premium of ₹90, against the acquisition of 5,15,100 equity shares of the Mumbai-based restaurant company. The total value of the acquisition stands at ₹35.02 crore.
Calcio Restaurants Private Limited, incorporated in September 2020 and operating in the hotels and restaurants segment, has recorded rapid growth in recent years. The company reported a turnover of ₹52.03 crore in FY 2024–25, up from ₹27.84 crore in FY 2023–24 and ₹10.26 crore in FY 2022–23. Following shareholder approval and completion of regulatory formalities, the transaction is expected to be finalised within approximately 15 days, after which Calcio Restaurants will become a subsidiary of UVS Hospitality. The move is expected to enable operational consolidation and unlock synergies across the group’s hospitality portfolio.
Alongside the acquisition, UVS Hospitality has also reapproved fund-raising initiatives aimed at non-promoter investors. The company plans to issue 15,83,000 equity shares on a preferential basis at ₹100 per share, raising ₹15.83 crore. In addition, it will issue 31,65,000 convertible warrants priced at ₹100 each, amounting to ₹31.65 crore. Together, these measures are expected to generate ₹47.48 crore in fresh capital.
The convertible warrants will allow investors to subscribe to one equity share per warrant within 18 months from the allotment date. The conversion may take place in one or multiple tranches during this period, while any unexercised warrants after the stipulated timeframe will lapse, with the paid amount forfeited.
To ensure smooth execution and regulatory compliance, the board has constituted a Securities Issue Committee comprising one Executive Director and two Independent Directors. The committee will oversee the preferential issue process, coordinate with stock exchanges, and manage the appointment of advisors and relevant authorities.
Following the completion of the acquisition and fund-raising initiatives, the company’s paid-up share capital is expected to increase from ₹38.13 crore to ₹42.11 crore. The combined moves reflect UVS Hospitality’s strategy to scale its operations through targeted acquisitions and stronger capital backing, positioning the company for accelerated growth in India’s competitive hospitality and dining landscape.
