Jhaveri Credits & Capital Ltd

Order details

• Awarding entity: Gujrat Energy Development Agency (GEDA).
• Scope: Supply, installation, commissioning and 10-year comprehensive maintenance contract for solar rooftop systems of Government Buildings in Gujrat.
• Contract value: Rs 10,65,32,530.
• Execution: 120 days from award.
• Nature: One-time contract with domestic entity.
• Promoter/group interest: No promoter group interest; not a related party.
• Tender year: 2026-27.

Board decisions & results

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 released.
• Results reviewed by Audit Committee and approved by Board at today's meetings.
• 32nd AGM scheduled for 25 September 2026 via video conferencing.
• Notice of AGM to be intimated separately.

Meeting Details

• Date: Wednesday, August 12, 2026.
• Time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for quarter ended June 30, 2026.
• Also consider other business items, if any.

Other Notes

• Trading window closed till 48 hours after results declaration.

Dematerialisation status and ownership update

• Securities for dematerialisation were confirmed to the depositories and listed on stock exchanges.
• The certificates were mutilated and cancelled after verification, with the depository's name substituted as registered owner.
• Substitution as registered owner completed within the prescribed 15 days.

Transaction details

• Acquirer and transferor: Bhumit Vinodbhai Patel; UR Energy (India) Private Limited.
• Acquisition: 42,166 equity shares (0.38%) of Jhaveri Credits and Capital Ltd.
• Date of acquisition: 29 June 2026; NCLT Ahmedabad pronounced scheme on 16 March 2026.
• Method: Allotment under Scheme of Amalgamation; no cash consideration.
• Exemption relied: Regulation 10(1)(d)(ii) of SEBI SAST Regulations, 2011.
• Pre- and post-transaction hold - acquirer: 0% to 0.38% of TC.
• Exchange ratio: 253 Jhaveri shares for 500 UR Energy shares.
• Consideration: Not applicable (share exchange under amalgamation).
• Transferor: UR Energy (India) Private Limited.

Transaction details

• Target: Jhaveri Credits and Capital Limited.
• Disclosing Party: Bhumit Vinodbhai Patel (Promoter Group).
• Transaction Type: Acquisition of equity shares by allotment under amalgamation.
• Pre-Transaction holding: 0 voting shares; 0%; no encumbrances.
• Acquired shares: 42,166; 0.38% of total voting capital; via allotment.
• Post-Transaction holding: 42,166 voting shares; 0.38%; no encumbrances.
• Date of transaction: June 29, 2026.
• Capital before: Rs 9,48,59,360; 94,85,936 shares.
• Capital after: Rs 11,10,20,240; 1,11,02,024 shares; diluted capital Rs 11,10,20,240.

Transaction overview

• Target Company: Jhaveri Credits and Capital Limited.
• Disclosing Party: Vinodbhai Ishwarbhai Patel, promoter group.
• Transaction Type: Acquisition of 42,166 equity shares via amalgamation.

Pre-transaction holding

• Pre-transaction holding: 0 voting rights shares; 0% of TC; no encumbrances.

Transaction details

• Acquired: 42,166 equity shares (0.38% of diluted capital).
• Mode: Amalgamation.
• Date: 29 June 2026.
• Pre-transaction equity capital: Rs 9,48,59,360; 94,85,936 shares.
• Post-transaction equity capital: Rs 11,10,20,240; 1,11,02,024 shares.
• Total diluted capital after: Rs 11,10,20,240; 1,11,02,024 shares.

Post-transaction holding

• Post-transaction holding: 42,166 voting rights shares; 0.38% of diluted capital.
• Encumbrances: None.

Capital context

• Pre-transaction equity capital: Rs 9,48,59,360; 94,85,936 shares.
• Post-transaction equity capital: Rs 11,10,20,240; 1,11,02,024 shares.
• Diluted post-transaction capital: Rs 11,10,20,240; 1,11,02,024 shares.

Transaction details

• Nature: Allotment under Scheme of Amalgamation between Jhaveri Credits and Capital Ltd and UR Energy
• Exemption: Regulation 10(1)(d)(ii) under SEBI SAST Regulations
• Acquirer and Transferor roles: Acquirer; Transferor: UR Energy (India) Private Limited
• Acquisition ratio: 253 Jhaveri shares for 500 UR Energy shares
• Shares acquired: 42,166 equity shares, 0.38% of Jhaveri's total share capital
• Method: Allotment under scheme approved by NCLT
• Consideration: Not Applicable (scheme-based share exchange)
• Pre- and post-holdings: Acquirer pre 0%, post 0.38%
• NCLT order: Ahmedabad Bench referenced

Transaction details

• Target: Jhaveri Credits and Capital Limited.
• Acquirer: Krut Vinodbhai Patel (Promoter Group).
• Transaction: Acquisition of equity shares via Scheme of Amalgamation.
• Pre-holding: 670 shares (0.38%), no encumbrances.
• Acquired: 42166 shares (0.38%) via amalgamation.
• Date of acquisition: 29 June 2026.
• Post-holding: 42836 shares (0.38%).
• Pre-acquisition equity capital: Rs 9,48,59,360 comprising 94,85,936 shares.
• Post-acquisition equity capital: Rs 11,10,20,240 comprising 1,11,02,024 shares.
• Total diluted capital after: Rs 11,10,20,240 (1,11,02,024 shares).

Acquisition under Scheme of Amalgamation

• Acquirer: Krut Vinodbhai Patel; Transferor: UR Energy (India) Private Limited.
• Transaction type: Allotment of Jhaveri Credits and Capital shares under Scheme of Amalgamation.
• Exemption basis: Regulation 10(1)(d)(ii) from open offer.
• Shares acquired: 42,166 shares representing 0.38% of total share capital.
• Pre- and post-transaction holdings of acquirer: 670 shares (0.38%) pre; 42836 shares (0.38%) post.
• Consideration: Nil (share-for-share under amalgamation).
• No material change in control or promoter group implied.
• Public shareholding unaffected.
• NCLT order noted; no order number provided.