Jhaveri Credits & Capital Ltd Announces Share Allotment following Amalgamation with U R Energy Private Limited
Jhaveri Credits & Capital Ltd has announced a significant increase in its equity paid up share capital, following the approval by its Board of Directors to allot new shares as part of a Scheme of Amalgamation. The allotment pertains to the shareholders of U R Energy Private Limited.The Board meeting of Jhaveri Credits and Capital Ltd held on Monday, June 29, 2026, approved the issuance of 16,16,088 Equity Shares of the company. These shares were allotted to the Shareholders of U R Energy Private Limited under the Scheme of Amalgamation between the two companies.
The scheme involves Jhaveri Credits and Capital Limited (Transferee Company) and U R Energy Private Limited (Transferor Company). The allotment is based on a share exchange ratio of 253 : 500, which was approved by the National Company Law Tribunal, Ahmedabad Bench, via an order dated March 16, 2026.
The amalgamation has resulted in a revised equity paid up share capital for Jhaveri Credits and Capital Ltd. The company’s financial structure prior to this allotment stood as follows:
| Financial Metric | Details (Prior) |
|---|---|
| Equity Paid Up Share Capital | Rs. 9,48,59,360 |
| Total Equity Shares | 94,85,936 shares of Rs. 10/- each |
With the allotment of the new equity shares, the company's capital details are now:
| Financial Metric | Details (After Allotment) |
|---|---|
| Equity Paid Up Share Capital | Rs. 11,10,20,240 |
| Total Equity Shares | 1,11,02,024 shares of Rs. 10/- each |
The newly allotted equity shares have been approved to rank pari-passu with the existing equity shares of Jhaveri Credits and Capital Ltd. The company has stated that these proposed shares are slated for listing and trading on BSE Limited after receiving all requisite approvals.
Stock Price Movement
Jhaveri Credits & Capital Ltd settled on Monday at ₹189.90, sinking 5.26% in post-market trading. The shares moved throughout the session within a range, testing lows of ₹182.15 against an intraday high of ₹195.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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