Jhaveri Credits & Capital Ltd disclosed that its promoter and promoter group increased their shareholding to 63.24% through the acquisition of 1,178,605 equity shares. The acquisition was executed on June 29, 2026, pursuant to a scheme of amalgamation with U R Energy (India) Private Limited. The transaction was carried out based on an order by the National Company Law Tribunal (NCLT), Ahmedabad Bench, and involved the issuance of 253 equity shares of ₹10 each in Jhaveri Credits & Capital Limited for every 500 equity shares held in U R Energy (India) Private Limited. Bhumit Vinodbhai Patel acquired 42,166 shares, representing 0.38% of the total share capital, through this allotment.

The filing was submitted to BSE Limited on June 30, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure confirmed that the acquisition falls under the exemption provided by Regulation 10(1)(d)(ii), which precludes the need for a public open offer. Authority letters from various acquirers, including those based in the United States and Australia, were submitted authorizing Vishnubhai Vitthalbhai Patel to sign the necessary regulatory forms.

Shareholding Pattern

The disclosure details the shift in shareholding for various acquirers classified under the promoter and promoter group. Vishnubhai Patel remains the largest shareholder, while several entities, including Riddhi Landmark LLP, increased their stakes. Notably, Arjunkumar Jagdishbhai Patel and Riddhi Landmark LLP, previously classified under the public category, will now be classified as promoters pursuant to the scheme.

Regulatory Compliance

The equity share capital of the company increased to ₹11,10,20,240, consisting of 1,11,02,024 equity shares of face value ₹10 each, following the allotment. Prior to the transaction, the equity share capital stood at ₹9,48,59,360, comprising 94,85,936 equity shares. The disclosure confirmed that prior intimation under Regulation 10(5) was not applicable for this transaction.

Jhaveri Credits and Capital Limited has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda for the meeting is to consider and approve the audited standalone and consolidated financial results of the company for the financial year ended March 31, 2026.

Meeting Agenda

The board will review the financial performance for the full fiscal year. In addition to the financial results, the directors will consider any other business items that may arise during the proceedings. This meeting is being conducted in compliance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In accordance with a previous intimation dated March 26, 2026, regarding the closure of the trading window, the company has stated that the window will remain shut. The restriction on dealing in the securities of the company will continue until 48 hours after the declaration of the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

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