Jhaveri Credits & Capital Ltd — Updates, 30-06-2025: Company Update

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 Jhaveri’s trading and commodity broking business with U R Energy’s solar power system development and installation operations, creating operational synergies, cost efficiencies, and a stronger financial position. Upon effectiveness, U R Energy’s entire business, assets, and liabilities will vest in Jhaveri, with equity shares issued to U R Energy shareholders on a 253-for-500 share exchange ratio based on an independent valuation. The combined entity’s authorized share capital will increase to Rs. 18.5 Cr. Key promoters from U R Energy will join Jhaveri’s promoter group, leading to dilution for existing shareholders but enhancing scale and governance. The merger preserves employee rights and ongoing legal proceedings, while no changes to debt structures are planned. The scheme requires approvals from shareholders, creditors, SEBI, stock exchanges, and the National Company Law Tribunal; a no-objection letter from BSE has been received. Jhaveri’s and U R Energy’s latest financials show Jhaveri’s revenue and PAT for FY2024-25 at Rs. 23.3 Cr and Rs. 2.4 Cr, and U R Energy’s at Rs. 1.35 Cr and Rs. 0.97 Cr respectively. The merger is expected to strengthen their market position and support future growth in renewable energy.