Allotment of 16,16,088 shares under amalgamation scheme
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Jhaveri Credits and Capital has allotted 16,16,088 equity shares of Rs. 10 face value to shareholders of U R Energy Private Limited under a Scheme of Amalgamation approved by NCLT Ahmedabad on March 16, 2026. The share exchange ratio is 253:500. Paid-up capital rises from Rs. 9.49 crore (94,85,936 shares) to Rs. 11.10 crore (1,11,02,024 shares), a jump of about 17 percent. New shares will rank equally with existing shares and are proposed to be listed on BSE after necessary approvals.
Equity dilution of around 17 percent for existing holders; new shares pending BSE listing approval.