Kaiser Corporation Ltd has updated its official contact details to streamline regulatory and corporate communications. The company has designated two specific email addresses for all future correspondence, ensuring efficient handling of notices and filings.

The company submitted a request to BSE Limited on June 26, 2026, to update its records. The filing identified kaisercorpltd@gmail.com and compliancekaiser@gmail.com as the valid channels for communication.

Jinal Jain, Company Secretary and Compliance Officer, signed the request. The update is effective immediately, directing all future exchanges to the revised email IDs.

Updated Contact Details

BSE Limited has returned the draft scheme of amalgamation involving Kaiser Corporation Limited and Emazing Deals Limited due to non-compliance with minimum public shareholding requirements. The exchange observed that the proposed merger structure fails to meet the regulatory threshold, potentially impacting the liquidity and free float of the merged entity. This regulatory hurdle necessitates a revision of the swap ratio or structure to ensure compliance before the scheme can proceed.

The exchange, in a letter dated June 23, 2026, stated that the proposal does not comply with paragraph (A)(3)(b) of Part-I of the SEBI Master Circular dated June 20, 2023. This regulation mandates that the combined shareholding of pre-scheme public shareholders of the listed entity and Qualified Institutional Buyers (QIBs) of the unlisted entity must not be less than 25% in the post-scheme shareholding pattern on a fully diluted basis. The failure to meet this criterion was the primary reason for the rejection of the current draft.

Kaiser Corporation Limited received the communication from BSE on June 25, 2026. The exchange confirmed that the scheme has been returned to the company for rectification. However, BSE offered a concession regarding procedural costs, stating that if the scheme is refiled within 90 days from the date of the letter, no processing fees shall be applicable. This provides a specific window for the company to address the deficiencies without incurring additional expenses.

The company is currently examining the observations raised by BSE Limited. Management indicated that it will take appropriate steps in consultation with its advisors to resolve the compliance issues. The amalgamation involves Emazing Deals Limited as the transferor company and Kaiser Corporation Limited as the transferee company under Sections 230 to 232 of the Companies Act, 2013.

Key Regulatory Observations

Any material developments regarding the restructuring of the scheme will be intimated to the stock exchanges in due course. The company must now restructure the deal to ensure that the public shareholding in the merged entity satisfies the 25% floor set by the regulator.