Jhaveri Credits to acquire 51% of U R Energy, change name & main object

Jhaveri Credits & Capital Ltd's Board of Directors approved the acquisition of 51% of the equity share capital of U R Energy (Solar) Private Limited. Upon completion, U R Energy (Solar) will become a subsidiary. The company also plans to change its name from "Jhaveri Credits and Capital Limited" to "U R ENERGY (INDIA) LIMITED" and alter its main object clause. These changes are subject to requisite approvals from shareholders and regulatory authorities. The board appointed NSDL as the remote e-voting agency and M/s Siddharth Sipani & Associates as scrutinizer for the postal ballot to approve these resolutions. U R Energy (Solar) Private Limited has an authorized and paid-up capital of ₹1.00 Lakh, zero turnover, and a net worth of -₹81,000.