Jhaveri Credits & Capital Ltd has set June 26, 2026, as the record date for its amalgamation with U R Energy Private Limited. Shareholders will receive 253 shares for every 500 held in U R Energy.

Jhaveri Credits Sets Record Date for UR Energy Amalgamation

Record Date: June 26, 2026
Shares to be Issued: 16,16,088 Equity Shares

Reader Takeaway: Procedural step for merger completion; share allotment pending further updates.

What just happened

Jhaveri Credits & Capital Ltd has announced June 26, 2026, as the record date for its amalgamation with U R Energy Private Limited. This follows the sanctioning of the Scheme of Amalgamation. The company will issue 16,16,088 equity shares with a face value of INR 10 each to the shareholders of U R Energy.

Why this matters

The record date is crucial as it determines which shareholders of U R Energy are eligible to receive the new shares of Jhaveri Credits. This is a procedural milestone in the ongoing merger process between the two entities.

The backstory

Jhaveri Credits and U R Energy had previously approved a scheme of amalgamation. This announcement marks a formal step towards the completion of that approved restructuring plan.

What changes now

Shareholders of U R Energy will be allotted 253 equity shares of Jhaveri Credits for every 500 shares they hold. The record date of June 26, 2026, confirms the eligibility criteria for this share swap.

Risks to watch

No new risks were mentioned in the filing. Investors are advised to await further announcements regarding the exact share allotment and listing dates post the record date.

Peer comparison

No specific peer comparison data was provided in the filing.

Context metrics (time-bound)

Record Date: June 26, 2026
Share Exchange Ratio: 253 shares of Jhaveri Credits for every 500 shares of U R Energy.

What to track next

Investors should track future company announcements for the final share allotment and the listing of new shares post amalgamation.