BSECompany Update12 Aug 2026 · 12 Aug 2026, 10:49 pm
Please find attached the intimation with regards to acquisition of 34.76% stake in Calcio Restaurant Private Limited in exchange of shares of the Company on share swap basis.
UVS Hospitality And Services Ltd · 531652
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UVS Hospitality And Services Ltd has acquired a 34.76% stake in Calcio Restaurants Private Limited through a share swap, issuing 23,87,257 equity shares in exchange for Calcio's equity shares.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
UVS Hospitality And Services Ltd - 531652 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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UVS HOSPITALITY AND SERVICES LIMITED
(FORMERLY KNOWN AS THIRDWAVE FINANCIAL INTERMEDIARIES LTD)
Date: 12th August, 2026
The BSE Limited,
The Deputy General Manager,
Listing Compliance Monitoring Cell,
24th Floor, P.J. Towers,
Dalal Street,
Mumbai – 400 001.
Scrip Code: 531652 ISIN: INE528C01018
Sub: Update on acquisition of Calcio Restaurants Private Limited
Dear Sir/Madam,
We refer to our intimation dated 21st February, 2026 and pursuant to Regulation 30 of the SEBI
Listing Regulations, we wish to inform you that the Allotment Committee of the Board of
Directors of the Company at its meeting held today has considered and approved the allotment
of 23,87,257 (Twenty-Three Lakh Eighty-Seven Thousand Two Hundred Fifty-Seven) equity
shares on a preferential basis to the shareholders of Calcio Restaurants Private Limited (“Calcio”)
for consideration other than cash, pursuant to the acquisition of 34.76% stake in Calcio through
a share swap.
The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015 with SEBI Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated 30th January, 2026 are enclosed as Annexure–1.
We request you to disseminate the above information on your website as you may deem
appropriate.
Thanking you,
Yours Faithfully,
For UVS Hospitality and Services Limited
(Formerly known as Thirdwave Financial Intermediaries Ltd)
Preeti Goyal
Company Secretary and Compliance Officer
Membership No: A58762
Encl: as above
Regd. Office : Office No 1205 Plot No 14 REMI Commercio, Near Yash Raj Studio Off Versova Road Andheri West,
Andheri, Mumbai, Maharashtra, India, 400058
Email id: compliance@uvshospitality.com Tel : 9867344706 Website: uvshospitality.com
CIN : L15100MH1989PLC472183
UVS HOSPITALITY AND SERVICES LIMITED
(FORMERLY KNOWN AS THIRDWAVE FINANCIAL INTERMEDIARIES LTD)
Annexure 1
Sr. Particulars Details of Information
Name of the target entity, details in brief Calcio Restaurants Private Limited having CIN:
such as size, turnover etc.; U51909MH2020PTC347025 was incorporated on
30th September, 2020 under the provisions of the
Companies Act, 2013.
The Registered office of the Company is situated at
Office No. 917, B Wing, CTS No. 1/222A, Samartha
Aishwarya, High Land Park, Oshiwara, Opp.
Samarth Vaibhav, Off K.L. Walawal, Andheri West,
Mumbai-400053, under the Jurisdiction of Registrar
of Companies, Mumbai. The Company is in the
business of hotels and restaurants.
Turnover:
24-25: INR 52,03,17,699/-
23-24: INR 27,84,43,004/-
22-23: INR 10,26,39,041/-
Whether the acquisition would fall within No
related party transaction(s) and whether the
promoter/ promoter group/ group
companies have any interest in the entity
being acquired?
If yes, nature of interest and details thereof
and whether the same is done at “arm’s
length”;
3. Industry to which the entity being acquired Hotels and Restaurants
belongs;
Objects and effects of acquisition (including The primary object of the issue is to facilitate the
but not limited to, disclosure of reasons for acquisition of the business and management control
4. acquisition of target entity, if its business is of the Target Company by the Transferee Company,
outside the main line of business of the listed thereby enabling consolidation of operations,
entity); enhancement of strategic value and creation of an
integrated corporate structure.
The merger will result in synergistic advantages
through optimization of resources, strengthening of
the balance sheet, improvement of operational
Regd. Office : Office No 1205 Plot No 14 REMI Commercio, Near Yash Raj Studio Off Versova Road Andheri West,
Andheri, Mumbai, Maharashtra, India, 400058
Email id: compliance@uvshospitality.com Tel : 9867344706 Website: uvshospitality.com
CIN : L15100MH1989PLC472183
UVS HOSPITALITY AND SERVICES LIMITED
(FORMERLY KNOWN AS THIRDWAVE FINANCIAL INTERMEDIARIES LTD)
efficiency and unlocking of future growth
opportunities for stakeholders of both companies.
5. Brief details of any governmental or The Company has received all requisite approvals
regulatory approvals required for the for the acquisition including In-principal Approval
acquisition; of BSE Limited for Preferential Issue and approval
of the members of the company.
6. Indicative time period for completion of the The acquisition of 34.76% stake on fully diluted
acquisition; basis of Calcio is completed.
Nature of consideration ‐ whether cash Share Swap (i.e. Consideration other than cash).
7. consideration or share swap and details of
the same; The Company has issued 23,87,257 (Twenty-Three
Lakh Eighty-Seven Thousand Two Hundred Fifty-
Seven) equity shares under the Share Swap
Agreement in consideration for equity shares of
Calcio
8. Cost of acquisition or the price at which the 23,87,25,700/- (Rupees Twenty-Three Crore Eighty-
shares are acquired; Seven Lakh Twenty-Five Thousand Seven
Hundred).
9. Percentage of shareholding / control The Company has acquired 23,87,257 (Twenty-
acquired and / or number of shares Three Lakh Eighty-Seven Thousand Two Hundred
acquired; Fifty-Seven) equity shares representing 34.76% of
the issued and paid-up capital of Calcio on fully-
diluted basis.
10. Brief background about the entity acquired Calcio Restaurants Private Limited having CIN:
in terms of products/line of business U51909MH2020PTC347025 was incorporated on
acquired, date of incorporation, history of 30th September, 2020 under the provisions of the
last 3 years turnover, country in which the Companies Act, 2013.
acquired entity has presence and any other
The Registered office of the Company is situated at
significant information (in brief);
Office No. 917, B Wing, CTS No. 1/222A, Samartha
Aishwarya, High Land Park, Oshiwara, Opp.
Samarth Vaibhav, Off K.L. Walawal, Andheri West,
Mumbai-400053, under the Jurisdiction of Registrar
of Companies, Mumbai. The Company is in the
business of hotels and restaurants.
The Company has its presence in Mumbai.
Turnover:
24-25: INR 52,03,17,699/-
23-24: INR 27,84,43,004/-
22-23: INR 10,26,39,041/-
Regd. Office : Office No 1205 Plot No 14 REMI Commercio, Near Yash Raj Studio Off Versova Road Andheri West,
Andheri, Mumbai, Maharashtra, India, 400058
Email id: compliance@uvshospitality.com Tel : 9867344706 Website: uvshospitality.com
CIN : L15100MH1989PLC472183