The Hon''''ble National Company Law Tribunal, Ahmedabad Bench had reserved the order on March 5, 2026, in respect of Scheme of Amalgamation between U R Energy (India) Private Limited and ....
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Awaiting price reaction for this filing.
Jhaveri Credits & Capital Ltd informed BSE that the National Company Law Tribunal (NCLT), Ahmedabad Bench heard the petition for the proposed merger with U R Energy (India) Private Limited on March 5, 2026, and has reserved its order. The scheme of amalgamation was filed under Sections 230-232 of the Companies Act, 2013, with Jhaveri Credits as the transferee company and U R Energy as the transferor company. The company stated that the NCLT's order copy will be submitted once it is made available. No details on timelines, share swap ratio, or financial impact of the merger were disclosed in this filing.
The order is only reserved, not yet pronounced, so there is no immediate impact on shareholders or the stock. Investors should wait for the NCLT's final ruling to gauge whether the merger with U R Energy will actually go through and what it means for the company's business.