Jhaveri Credits & Capital Ltd reports acquisition of 42,166 shares (0.38%) by Vinodbhai Patel

What Jhaveri Credits & Capital Ltd announced

On 6 July 2026, Jhaveri Credits & Capital Ltd (BSE: 531550) filed a disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that Vinodbhai Ishwarbhai Patel acquired 42,166 equity shares of the company, representing 0.38 % of the diluted share capital. The acquisition was effected on 29 June 2026 as part of a broader Scheme of Amalgamation with UR Energy (India) Private Limited.

"Acquisition of 42,166 (0.38 %) equity shares of Jhaveri Credits & Capital Ltd by way of allotment pursuant to the Scheme of Amalgamation."

The disclosure satisfies the statutory requirement to inform the stock exchange of any share acquisition made under an exemption from the open‑offer rule.

Details of the acquisition

• Acquirer: Vinodbhai Ishwarbhai Patel (individual investor).
• Number of shares acquired: 42,166 equity shares of Rs 10 each.
• Percentage of diluted share capital: 0.38 %.
• Date of acquisition: 29 June 2026.
• Method of acquisition: Allotment of Jhaveri shares to the acquirer in consideration for the transfer of 500 equity shares held by UR Energy (India) Private Limited, at a swap ratio of 253 Jhaveri shares for every 500 UR Energy shares.
• Legal basis: The share swap was executed under a Scheme of Amalgamation between Jhaveri Credits & Capital Ltd and UR Energy (India) Private Limited, approved by the National Company Law Tribunal (NCLT), Ahmedabad Bench, on 16 March 2026.
• Transferor/Seller: UR Energy (India) Private Limited, the original holder of the 500 shares that were exchanged.

The scheme, covered under Sections 230‑232 of the Companies Act, 2013, allowed the two entities to merge and re‑allocate shareholdings without a cash transaction. The acquirer received newly allotted shares in Jhaveri Credits & Capital Ltd as consideration for the UR Energy shares he held.

Regulatory framework and exemption

The acquisition falls under Regulation 10(6) of the SEBI (SAST) Regulations, which mandates disclosure of any share acquisition made in reliance on an exemption from the open‑offer requirement. The specific exemption invoked is Regulation 10(l)(d)(ii), which permits an acquisition without an open offer when the transaction is part of a scheme of amalgamation approved by the NCLT.

Key regulatory points:

• No open offer to the remaining shareholders was required because the acquisition was part of a court‑approved amalgamation scheme.
• The company filed the required disclosure with BSE on 30 June 2026, as evidenced by the letter dated that day, and the filing timestamp on the exchange is 06 July 2026 07:04:29 UTC.
• The filing confirms that no prior disclosure under Regulation 10(5) was applicable, as the acquisition was exempt from that requirement.

Shareholding impact

The acquisition modestly increased the shareholding of Vinodbhai Patel but did not materially alter the overall ownership structure:

No other shareholders are listed in the filing, indicating that the transaction involved only the acquirer and the transferor (UR Energy). The diluted share capital of Jhaveri Credits & Capital Ltd therefore increased by the 42,166 newly allotted shares, but the percentage stake of the acquirer remains below the 1 % threshold that would trigger additional regulatory obligations.

Key facts at a glance

Why this matters for investors

• Regulatory compliance: The filing demonstrates that Jhaveri Credits & Capital Ltd is adhering to SEBI’s takeover regulations, reducing the risk of future compliance penalties.
• Share dilution: The issuance of 42,166 new shares marginally dilutes existing shareholders, but the dilution is limited to a 0.38 % increase in total share count, which is unlikely to affect voting power or earnings per share in any material way.
• Corporate restructuring: The acquisition is part of a larger amalgamation with UR Energy (India) Private Ltd. While the filing does not disclose the strategic rationale, the merger could streamline operations or expand the company’s asset base, aspects that may become clearer in subsequent disclosures.
• Future disclosures: Any further share movements by the acquirer or additional steps in the amalgamation will require separate filings under the Takeover Regulations, providing investors with ongoing visibility into the restructuring process.

Conclusion

Jhaveri Credits & Capital Ltd has formally disclosed that Vinodbhai Ishwarbhai Patel acquired 42,166 shares (0.38 % of the diluted capital) on 29 June 2026 through a share‑swap arrangement linked to a Scheme of Amalgamation with UR Energy (India) Private Ltd. The transaction is exempt from the mandatory open‑offer requirement under SEBI Regulation 10(l)(d)(ii) and was reported to BSE in compliance with Regulation 10(6). The acquisition results in a modest increase in the total share count but does not materially change the company’s ownership structure. Further details on the amalgamation’s strategic impact are expected in future corporate communications.