We enclose the summary of the NCLT convened meeting of the Unsecured Creditors of the Company alongwith Scrutinizer''s Report.
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Jhaveri Credits and Capital Ltd held a meeting of Unsecured Creditors on August 2, 2025, convened by the NCLT Ahmedabad Bench to consider a Scheme of Arrangement with U R Energy (India) Private Limited (as Transferor Company). The meeting, chaired by Mr. L.N. Gupta (former IAS, Ex-NCLT member), was attended by only 1 unsecured creditor (VV Patel & Co.) representing Rs. 54,000 in value. Voting was conducted via remote e-voting and e-voting during the meeting through NSDL. The Scheme of Arrangement was approved unanimously, with 100% votes (1 creditor, Rs. 54,000) cast in favour and none against. The scrutinizer's report has been submitted to the stock exchange along with the summary of proceedings.
The unsecured creditors' approval is a key step forward in the Scheme of Arrangement between Jhaveri Credits & Capital and U R Energy (India). With 100% in favour, the scheme now moves to the next stage of NCLT approval, which could be positive for shareholders if it expands the company's business. However, the extremely low participation (just 1 creditor, Rs. 54,000) means the scheme's significance for major shareholders is limited at this stage.