We enclose herewith the summary of the equity shareholders of the company alongwith Scrutinizer''s Report.
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Jhaveri Credits and Capital Ltd held an NCLT-convened meeting of equity shareholders on August 2, 2025, to seek approval for a Scheme of Arrangement with U R Energy (India) Private Limited as the transferor company. The resolution was approved unanimously with 100% of votes cast in favour. A total of 50,87,617 shares (about 56.62% of total share base) were voted, of which 47,75,909 shares came from the promoter and promoter group, and 3,11,708 shares from public non-institutional shareholders. No votes were cast against the resolution. The meeting was chaired by Mr. L.N. Gupta, IAS (Retd.) and was conducted via video conferencing in compliance with the NCLT Ahmedabad order dated June 19, 2025. The Scrutinizer confirmed the resolution has been approved by the equity shareholders.
The unanimous shareholder approval clears a key step in the merger of U R Energy (India) Pvt Ltd into Jhaveri Credits. The scheme still requires NCLT and other regulatory approvals before becoming effective, after which the share-swap ratio and listing of any new shares issued to U R Energy shareholders would be finalised. Shareholders should watch for the next NCLT hearing and the formal swap/exchange ratio announcement.