Jhaveri Credits & Capital Ltd — Updates, 02-08-2025: Company Update

Jhaveri Credits and Capital Limited held a meeting for its Unsecured Creditors, convened as per an NCLT Ahmedabad Order. The purpose was to seek approval for a Scheme of Arrangement involving U R Energy (India) Private Limited. Unsecured Creditors voted overwhelmingly, with 100% of the votes cast in favor of the proposed Scheme. This approval represents a critical advancement for the company's corporate restructuring initiative, streamlining future business operations and potentially impacting shareholder value.