Jhaveri Credits & Capital Ltd — Others, 30-06-2025: AGM/EGM

Jhaveri Credits and Capital Limited has announced a meeting of its equity shareholders and unsecured creditors to approve a Scheme of Amalgamation with U R Energy (India) Private Limited. The merger aims to combine two companies operating in complementary renewable energy and semiconductor-related businesses to create operational efficiencies, cost savings, and stronger financial resources. Under the Scheme, all assets and liabilities of U R Energy will transfer to Jhaveri, which will issue shares to U R Energy shareholders at a ratio of 253 Jhaveri shares for every 500 U R Energy shares. Post-merger, certain U R Energy shareholders will join Jhaveri's promoter group, enhancing governance influence. The merger is expected to scale Jhaveri’s business, improve market reach, and enable focused growth without adversely impacting employees or creditors. The Scheme has been approved by the boards of both companies, with valuation and fairness opinion supporting the share exchange ratio. The process and approval are subject to regulatory and shareholder consents, and meetings will be held via video conferencing with remote e-voting facilities enabled.