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Jhaveri Credits & Capital Ltd held a board meeting on April 02, 2026, approving several key changes. The NCLT has sanctioned the Scheme of Amalgamation with U R Energy (India) Private Limited, effective April 01, 2026. The company will change its name to 'U R Energy (India) Limited' pending ROC and BSE approvals. The authorised share capital will increase from Rs. 15 crore to Rs. 18.50 crore post-merger. Mr. Vishnukumar Patel is elevated to Chairman & Non-Executive Director, Mr. Ghanshyambhai Engineer (currently CEO of U R Energy) is appointed Managing Director for 5 years, Ms. Bijal Parikh is changed to Executive Director, and Ms. Chetna Vyas (law professor with 17 years experience) is appointed as Additional Independent Director. The NRC and Stakeholders Relationship Committee are also reconstituted. All appointments are subject to shareholder approval via postal ballot.
The amalgamation with U R Energy signals a significant business transformation as the company pivots towards the energy sector. The appointment of Mr. Engineer (current CEO of the transferor company) as Managing Director suggests continuity of energy business operations. Shareholders should note the upcoming postal ballot for these changes and the name change may require BSE approval for the new trading scrip.