Jhaveri Credits & Capital Ltd Approves Record Date for Scheme of Amalgamation Share Allotment
Jhaveri Credits & Capital Limited has approved the Record Date necessary for the allotment of shares under the Scheme of Amalgamation involving U R Energy Private Limited. The board meeting confirmed Friday, June 26, 2026, as the date against which the shares of Jhaveri Credits and Capital Limited will be issued to the shareholders of U R Energy Private Limited.The decision comes in continuation of previous intimation regarding the effectiveness of the Scheme between U R Energy Private Limited (Transferor Company) and Jhaveri Credits and Capital Limited (Transferee Company). The Board of Directors held a meeting on Thursday, June 11, 2026, to consider and approve this aspect of the amalgamation.
Under the approved scheme, specific terms have been set for the issuance of equity shares from the Transferee Company.
Key details regarding the allotment are as follows:
| Security Details | Value |
|---|---|
| Type of Securities | Equity Shares |
| Share Exchange Ratio | 253 fully paid equity shares of Jhaveri Credits and Capital Limited for every 500 fully paid equity shares held in U R Energy Private Limited. |
| Total Allotment | Approximately 16,16,088 Equity Shares at the face value of Rs. 10/- each. |
The allotment will be made pursuant to and in accordance with the share exchange ratio provided in the approved Scheme. The total number of securities proposed for issuance is specifically directed toward shareholders of U R Energy Private Limited whose names appear in the Register of Members on the appointed Record Date, June 26, 2026.
Stock Price Movement
At the close of trade today on Thursday, shares of Jhaveri Credits & Capital Ltd. settled at ₹173.00, rising 2.31%. The stock traded within an intraday range established by its low of ₹167.00 and high of ₹174.50.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.