Jhaveri Credits & Capital is seeking shareholder approval via postal ballot to rename itself to U R Energy (India) Limited. The board is also updating its object clause to formalize its total shift into the renewable energy sector, including manufacturing and EPC services. With 100% of current revenue already generated from solar operations, the move aligns the corporate identity with its active business focus following an NCLT-approved amalgamation.
Jhaveri Credits & Capital Moves to Rebrand as U R Energy
100% of current company revenue is derived from solar business operations.
90.03% revenue share from solar activities was recorded in the preceding financial year.
Reader Takeaway: Rebranding reflects a total transition to renewable energy, aligning corporate identity with current 100% solar revenue streams.
What just happened
Jhaveri Credits & Capital Limited has initiated a postal ballot process to seek shareholder approval for two major resolutions. The company plans to change its name to 'U R Energy (India) Limited' and amend its main object clause. The object clause expansion covers the manufacturing, assembly, and trading of renewable energy products, including solar modules, batteries, and energy storage systems. It also formalizes the company's role in providing Engineering, Procurement, and Construction (EPC) services for solar and wind projects.
Why this matters
The company is realigning its corporate legal structure to match its operational reality. Following an NCLT-approved scheme of amalgamation with U R Energy (India) Private Limited, the company has completely transitioned its revenue model toward the solar industry. Formalizing this shift helps investors clearly identify the business trajectory as it pivots away from its previous credit-focused identity.
Postal Ballot Schedule
The company has set the cut-off date for eligibility at September 25, 2026. E-voting through the NSDL platform begins on October 1, 2026, and concludes on October 30, 2026. CS Siddharth Sipani has been appointed as the independent scrutinizer to oversee the process. The results are expected to be declared by November 3, 2026.
What to track next
Shareholders should monitor the formal declaration of results following the October 30 deadline. Future filings will likely reflect the new corporate name and the expanded operational mandate in the renewable energy infrastructure space.