Jhaveri Credits & Capital Limited has filed its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was submitted to BSE Limited on April 7, 2026, by Company Secretary and Compliance Officer Gaurav Pramodkumar Shrimankar.

Regulatory Compliance Certificate

The certificate was issued by MCS Share Transfer Agent Limited, the company's Registrar and Share Transfer Agent (RTA), confirming compliance with SEBI's dematerialization regulations. The RTA confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories.

Share Transfer Activity

According to the quarterly report submitted by MCS Share Transfer Agent Limited, the company processed share transfer activities during the period from January 1, 2026 to March 31, 2026. The transfer activity details show specific transaction processing:

Dematerialization Process Confirmation

The RTA confirmed that all security certificates received for dematerialization were properly mutilated and cancelled after due verification by the depository participant. The registrar also confirmed that the names of the depositories were substituted in the register of members as registered owners within the stipulated 15-day period as required under SEBI regulations.

Regulatory Framework

The certificate filing is mandatory under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which requires companies to submit quarterly confirmations regarding their dematerialization processes. This ensures transparency and proper record-keeping in the securities market, protecting investor interests and maintaining market integrity.

The submission demonstrates Jhaveri Credits & Capital Limited's commitment to regulatory compliance and proper corporate governance practices in handling shareholder securities and maintaining accurate records as required by market regulators.

Jhaveri Credits & Capital Limited has announced comprehensive board restructuring and a major amalgamation scheme following its board meeting held on April 02, 2026. The company disclosed multiple director appointments, designation changes, and the implementation of a court-sanctioned amalgamation scheme that will transform its corporate structure.

Director Appointments and Designation Changes

The board approved several key leadership changes, all subject to shareholder approval. The company appointed Mr. Ghanshyambhai Hargovindbhai Engineer as Managing Director for a five-year term effective April 02, 2026. Mr. Engineer brings over 35 years of experience in the energy sector, holding a Bachelor of Engineering degree from North Gujarat University and previously serving as CEO of UR Energy (India) Private Limited.

Ms. Chetna Rahul Vyas was appointed as Additional Independent Director, bringing 17 years of experience in the education sector with qualifications including B.A, LLB, Double LLM and PhD. She currently serves as Assistant Professor at Gujarat University's School of Law and holds independent director positions in other listed companies.

NCLT-Sanctioned Amalgamation Scheme

The board noted the certified copy of the order dated March 16, 2026, passed by the National Company Law Tribunal, Ahmedabad Bench, sanctioning the scheme of amalgamation between U R Energy Private Limited (Transferor Company) and Jhaveri Credits and Capital Limited (Transferee Company). The scheme became effective on April 01, 2026, with an appointed date of April 1, 2024.

Corporate Restructuring Details

The amalgamation scheme involves significant changes to the company's structure. The authorized share capital will increase from INR 15,00,00,000 to INR 18,50,00,000, comprising 1,85,00,000 equity shares of INR 10 each. The company will also change its name to U R Energy (India) Limited, subject to approvals from the Registrar of Companies and Bombay Stock Exchange.

Following the scheme's effectiveness, the company noted URE LLC-USA as a subsidiary company. The board also reconstituted key committees, appointing Ms. Chetna Rahul Vyas to both the Nomination & Remuneration Committee and Stakeholders Relationship Committee.

Postal Ballot and Compliance

To seek shareholder approval for these changes, the board appointed National Securities Depository Limited as the Remote E-Voting Agency and M/s ALAP & CO. LLP, Company Secretaries as Scrutinizer for the postal ballot process. The postal ballot notice will be sent to all eligible shareholders under the provisions of the Companies Act, 2013.

The board meeting, which commenced at 01:00 p.m. and concluded at 05:00 p.m., represents a significant milestone in the company's transformation from a financial services entity to an energy sector company through the amalgamation scheme. All appointments and changes are subject to shareholder approval and regulatory compliance under SEBI regulations.