Pursuant to the NCLT Order dated June 19, 2025 directing to convene meetings of Equity Shareholders and Unsecured Creditors of the company in accordance with the provisions of Companies ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT) has issued an order dated June 19, 2025, directing Jhaveri Credits & Capital Ltd to convene meetings of its equity shareholders and unsecured creditors. These meetings are to be held in accordance with the provisions of the Companies Act (likely Sections 230-232 relating to schemes of compromise, arrangement, or amalgamation). Such meetings are typically convened to seek stakeholder approval for a proposed restructuring, compromise with creditors, or a scheme of arrangement. The company will need to notify shareholders and creditors of the meeting dates and the proposed terms. The full details of the scheme or arrangement are not visible in the truncated announcement.
This signals a significant corporate restructuring event for the company. Shareholders and unsecured creditors should watch for the meeting outcome, as approval could lead to changes in the company's capital structure, debt restructuring, or ownership patterns. This may affect the stock price and existing shareholder positions depending on the terms of the proposed scheme.