Kaiser Corporation Limited has formally notified BSE Limited that it does not meet the criteria to be classified as a Large Corporate under SEBI regulations for the financial year ended March 31, 2026. The declaration was submitted to comply with specific regulatory requirements outlined in SEBI and BSE circulars.

Regulatory Compliance Declaration

The company's declaration references SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and the corresponding BSE Circular dated April 11, 2019. These circulars establish criteria for determining Large Corporate status and associated disclosure obligations for listed companies.

Exemption from Disclosure Requirements

By confirming its non-Large Corporate status, Kaiser Corporation Limited becomes exempt from the initial disclosure requirements specified in Annexure A of the SEBI circular. This exemption applies specifically to the criteria outlined in clause 2.2 of the referenced SEBI circular for the year ended March 31, 2026.

The formal communication was signed by Bhushanlal Arora, Managing Director with DIN: 00416032, and submitted to BSE's Listing Department at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai. The company requested BSE to update their records with this compliance information.

Company Information

Kaiser Corporation Limited operates from its registered office located at Unit No. 283-287, 'F' Wing, 2nd Floor, Solaris-I, Saki Vihar Road, Andheri (E), Mumbai-400 072. The company maintains its corporate website at www.kaiserpress.com and holds CIN: L22210MH1993PLC074035.

Kaiser Corporation Limited successfully concluded its adjourned board meeting on March 31, 2026, approving the scheme of amalgamation with Amazing Deals Limited and making key appointments. The meeting, which was originally scheduled for March 27, 2026, was adjourned to allow for additional information and expert opinions regarding the proposed merger.

Board Meeting Outcomes

The adjourned board meeting commenced on March 31, 2026 at 2:00 p.m. and concluded at 9:00 p.m., addressing four major agenda items. The company informed BSE Limited about these developments through formal communication reference KCL/106/2025-26, ensuring compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Amalgamation Scheme Approval

Based on recommendations from the Audit Committee and Independent Directors' Committee, the board approved the scheme of amalgamation between Amazing Deals Limited (transferor company) and Kaiser Corporation Limited (transferee company). The scheme will be implemented in accordance with Sections 230 to 232 of the Companies Act, 2013 and other applicable regulations.

The share exchange ratio has been set at 15,081 equity shares of Kaiser Corporation Limited for every 100 equity shares held in Amazing Deals Limited. This amalgamation will result in significant changes to the shareholding pattern, with new promoters holding 74.51% of the combined entity.

Shareholding Pattern Changes

The amalgamation will significantly alter the company's shareholding structure. The existing promoter group's stake will reduce from 26.59% to 6.78%, while new promoters will acquire 74.51% of the combined entity.

Key Appointments and Approvals

The board appointed Sameer Panchal & Associates, Company Secretaries (FCS No: A69006; CP No: 26164) as the secretarial auditor for financial year 2025-26, subject to shareholder approval. Additionally, the board approved the draft postal ballot notice and appointed Alok Khairwar and Associates (FCS No: 10031; CP No: 12880) as scrutinizer for the postal ballot process.

Regulatory Compliance and Next Steps

The amalgamation scheme requires approvals from respective shareholders, creditors, and the National Company Law Tribunal (NCLT), including approvals from stock exchanges. The company will file the scheme with stock exchanges according to Regulation 37 of SEBI LODR Regulations. Managing Director Bhushanlal Arora (DIN: 00416032) signed the official communication, ensuring proper documentation and transparency throughout the process.