Jhaveri Credits & Capital Ltd has fixed June 26, 2026, as the record date for issuing 16,16,088 equity shares to U R Energy (India) Private Limited shareholders as part of their amalgamation. This is a procedural step for the merger.

Jhaveri Credits & Capital Ltd: Amalgamation Record Date Announced

Jhaveri Credits & Capital Ltd has set June 26, 2026, as the record date for the issuance of 16,16,088 equity shares.

Reader Takeaway: Merger execution nears; shareholders to receive shares based on exchange ratio.

What just happened

Jhaveri Credits & Capital Limited announced that June 26, 2026, is the record date for the allotment of shares. This allotment is part of the sanctioned Scheme of Amalgamation between Jhaveri Credits and U R Energy (India) Private Limited.

Why this matters

This announcement is a crucial procedural update for shareholders. It signifies the company moving forward with the execution of the approved merger. The record date determines which shareholders of U R Energy are eligible to receive the new shares.

The backstory

The amalgamation between Jhaveri Credits & Capital Ltd and U R Energy (India) Private Limited was previously sanctioned. This filing marks the operational phase of that sanction, focusing on the share swap mechanism.

What changes now

With the record date set, the company is on track to issue 16,16,088 equity shares of INR 10 face value each. The exchange ratio is 253 shares of Jhaveri Credits for every 500 shares held in U R Energy.

Risks to watch

While this is a procedural step, investors should monitor the successful completion of the share allotment and integration of U R Energy's operations into Jhaveri Credits.

Peer comparison

Mergers and acquisitions involving share swaps are common in the financial services sector as companies seek consolidation and expanded market reach. The specifics of the exchange ratio and valuation are key differentiators.

Context metrics (time-bound)

• Record Date: June 26, 2026
• Securities to be Issued: 16,16,088 Equity Shares
• Face Value per Share: INR 10
• Exchange Ratio: 253 Jhaveri Credits shares for every 500 U R Energy shares

What to track next

Investors should track the actual allotment of shares post the record date and any further announcements regarding the integration of the two entities.