Jhaveri Credits and Capital has allotted 16.16 lakh equity shares to complete its amalgamation with U R Energy Private Limited. This follows NCLT approval and will increase its paid-up capital to over ₹11.1 crore. The new shares will be listed on the BSE.
Jhaveri Credits Completes Amalgamation with U R Energy
Jhaveri Credits and Capital Limited has allotted 16,16,088 equity shares as part of its amalgamation with U R Energy Private Limited.
Paid-up Equity Share Capital increases from INR 9,48,59,360 to INR 11,10,20,240.
Reader Takeaway: Amalgamation completion expands capital base; share listing pending regulatory nod.
What just happened
The Board of Directors of Jhaveri Credits and Capital Limited approved the allotment of 16,16,088 equity shares on June 29, 2026. This move formalizes the amalgamation with U R Energy Private Limited, a process approved by the National Company Law Tribunal (NCLT), Ahmedabad Bench, in March 2026.
The share exchange ratio was set at 253 shares of Jhaveri Credits and Capital for every 500 shares held in U R Energy Private Limited.
Why this matters
This allotment signifies the completion of the share swap mechanism for the merger. It will lead to an increase in the company's paid-up equity share capital and the total number of outstanding shares. The new shares will be listed on the BSE, subject to regulatory approvals, potentially increasing trading liquidity.
The backstory
The amalgamation scheme was approved by the NCLT, Ahmedabad Bench, on March 16, 2026. This regulatory approval paved the way for the share exchange and subsequent allotment, integrating U R Energy Private Limited into Jhaveri Credits and Capital Limited.
What changes now
The company's paid-up equity share capital has increased to ₹11,10,20,240, with the total equity shares now at 1,11,02,024. The newly allotted shares are declared to be pari-passu with existing shares, meaning they carry identical rights. Investors can expect these shares to be listed and traded on the BSE.
Risks to watch
Investors should closely monitor future announcements regarding the formal listing of these new shares on the BSE, as this is pending requisite regulatory approvals. Any delays could impact market perception.
Peer comparison
While specific peer data for similar amalgamation share allotments isn't directly comparable without knowing the specific industry dynamics of U R Energy Private Limited, such events in the financial services sector are common during consolidation phases.
Context metrics (time-bound)
- Allotment Date: June 29, 2026
- NCLT Approval Date: March 16, 2026
- New Paid-up Equity Share Capital: INR 11,10,20,240
- New Total Equity Shares: 1,11,02,024
- Shares Allotted: 16,16,088
What to track next
Investors should watch for the official date of listing for the 16,16,088 newly allotted equity shares on the BSE, as well as any future business integration updates between Jhaveri Credits and Capital and the erstwhile U R Energy Private Limited.