We enclose herewith the Summary of the NCLT convened meeting of the equity shareholders of the Company; Voting Results and Scrutinizer''s Report.
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Jhaveri Credits & Capital Ltd held an NCLT Ahmedabad-convened meeting of equity shareholders on August 2, 2025, via video conferencing, chaired by retired NCLT member Mr. L.N. Gupta. The sole agenda was to approve a Scheme of Arrangement between U R Energy (India) Private Limited (Transferor Company) and Jhaveri Credits & Capital Limited (Transferee Company) and their respective shareholders and creditors. Shareholders voted unanimously in favour, with 50,87,617 shares (about 56.62% of total shareholding) cast in support and zero votes against. Of the votes polled, 47,75,909 shares came from the promoter and promoter group (99.80% of their holdings), with the balance from public non-institutional shareholders. 27 shareholders attended through VC and the scrutinizer confirmed the resolution was approved unanimously. The scheme still requires final NCLT sanction and other regulatory clearances to become effective.
A key milestone in the proposed merger of U R Energy (India) into Jhaveri Credits has been cleared with shareholder approval, but the deal is not yet effective — NCLT and other regulatory approvals are still pending. If completed, it could materially reshape the company's business profile, though exact swap ratio and valuation details were not disclosed in this filing.