Jhaveri Credits and Capital Limited has notified BSE Limited that the National Company Law Tribunal (NCLT) Ahmedabad has reserved its order on the proposed scheme of amalgamation with U R Energy (India) Private Limited. The announcement, made on March 06, 2026, marks a significant step forward in the corporate restructuring process.

NCLT Hearing Details

The Hon'ble NCLT Ahmedabad conducted an extensive hearing on March 05, 2026, for petition bearing No. C.A. (CAA)/31/AHM/2025. The tribunal reviewed the amalgamation proposal at length before reserving its decision. The company has indicated that it will submit a copy of the NCLT's order once it becomes available.

Amalgamation Structure

The scheme involves the merger of two entities under the provisions of the Companies Act, 2013:

Regulatory Compliance

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's previous communication dated March 30, 2024, regarding the same amalgamation scheme. The merger proposal encompasses the respective shareholders and creditors of both companies.

Next Steps

Jhaveri Credits and Capital Limited will await the formal order from NCLT Ahmedabad and will share the details with stakeholders once the tribunal's decision is made available. The reserved order indicates that the tribunal has completed its deliberations and will announce its verdict in due course.

Jhaveri Credits and Capital Limited has announced that its Board of Directors will convene on February 10, 2026, to review and approve the company's unaudited standalone financial results for the third quarter of fiscal year 2026. The meeting will focus on the financial performance for the quarter ended December 31, 2025, along with other business matters that may arise.

Board Meeting Details

The company has formally notified BSE Limited about the upcoming board meeting in accordance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was issued on February 3, 2026, providing adequate advance notice to stakeholders and the exchange.

Trading Window Closure

In line with regulatory requirements and the company's earlier communication dated December 27, 2025, the trading window for dealing in Jhaveri Credits and Capital Limited securities will remain closed. This restriction will continue until 48 hours after the official declaration of the unaudited standalone financial results for the quarter and year ended December 31, 2025.

Compliance and Documentation

The formal intimation was signed by Gaurav Pramodkumar Shrimankar, who serves as the Company Secretary and Compliance Officer. The document was digitally signed and submitted to BSE Limited at its registered address on the 25th Floor, P J Towers, Dalal Street, Fort, Mumbai. The company's scrip code on BSE is 531550.

This announcement demonstrates the company's commitment to maintaining transparency and adhering to regulatory compliance requirements while keeping stakeholders informed about significant corporate developments and financial disclosures.