Jhaveri Credits to acquire 51% of U R Energy (Solar), change name to U R Energy (India)

Jhaveri Credits & Capital Ltd's Board of Directors, at its meeting on September 19, 2026, approved the acquisition of 51% of the equity share capital of U R Energy (Solar) Private Limited from its existing shareholders. Upon completion, U R Energy (Solar) will become a subsidiary. The Board also approved changing the company's name from "Jhaveri Credits and Capital Limited" to "U R ENERGY (INDIA) LIMITED" and altering the Main Object Clause of the Memorandum of Association. These changes are subject to requisite approvals from members and regulatory authorities. The Board also appointed National Securities Depository Limited (NSDL) as Remote E-Voting Agency and M/s Siddharth Sipani & Associates as Scrutinizer for the postal ballot to pass these resolutions.