Jhaveri Credits & Capital Limited Secures Unanimous Approval for Merger with U R Energy
Jhaveri Credits & Capital Limited (JCCL) received unanimous approval from both equity shareholders and unsecured creditors for its proposed merger with U R Energy (India) Private Limited. The approval was granted in separate meetings held on August 2, 2025. The shareholders' meeting saw 56.62% of total shares voted, all in favor of the Scheme of Arrangement. The unsecured creditors' meeting, with one participant, also resulted in 100% approval. Both meetings were conducted virtually with e-voting facilities provided. This approval marks a significant step towards finalizing the merger, pending further regulatory processes.