Jhaveri Credits and Capital Limited has received and submitted to BSE Limited the copy of the order from the National Company Law Tribunal (NCLT) Ahmedabad regarding the proposed scheme of amalgamation with U R Energy (India) Private Limited. The company made this disclosure on March 09, 2026, following up on its earlier intimation dated March 06, 2026.

NCLT Order Details

The Hon'ble NCLT Ahmedabad delivered its order on March 05, 2026, for petition bearing No. C.A.(CAA)/31(AHM)2025. The tribunal, comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical), conducted the proceedings in hybrid mode and reserved the order after hearing all parties.

Amalgamation Structure

The scheme involves the merger of two entities under the provisions of the Companies Act, 2013. The legal framework encompasses sections 230 to 232 of the Act, covering the amalgamation process for both companies and their respective shareholders and creditors.

Regulatory Compliance

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Gaurav Shrimankar digitally signed the communication, ensuring proper regulatory compliance. The order copy was uploaded on the NCLT website and subsequently shared with BSE Limited.

Legal Proceedings Timeline

The proceedings included various stakeholders, with legal representation from Mr. Dhinal Shah for the applicant, Ms. Ankita Lahoty from the RD Office, Mr. Nandan S. Soni from the Income Tax Department, and Mr. Sandip Tupe from the OL Department. An affidavit in reply to the Income Tax Department's report regarding the transferee company was filed on February 24, 2026, which was taken on record by the tribunal.

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.