Approval of the Scheme of Amalgamation of Emazing Deals Limited ("Transferor Company") into Kaiser Corporation Limited ("Transferee Company"). Additional Information under Regulation 30 ....
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Kaiser Corporation Limited's board has approved a scheme of amalgamation to merge Emazing Deals Limited (EDL), an unlisted e-commerce solutions company, into itself. As consideration, KCL will issue 15,081 equity shares for every 100 shares held in EDL. The total share count will jump from about 5.26 crore to 20.64 crore shares. EDL is significantly larger than KCL on most metrics: EDL had a turnover of ₹122.27 crore in the nine months ended December 2025, versus KCL's ₹58.29 lakh. Post-merger, KCL's existing promoters will be reclassified as public shareholders, with their stake falling from 26.59% to 6.78%, while new promoters (linked to EDL) will hold 74.51%. The scheme is subject to NCLT, shareholder, creditor, and stock exchange approvals, and the company will also seek shareholder approval via postal ballot.
This is effectively a reverse merger bringing a much larger e-commerce business into a small listed shell company, resulting in a near-complete change of control. Existing shareholders will see heavy dilution and a shift in promoter identity, while the combined entity's business profile will pivot towards e-commerce. Investors should track NCLT and shareholder approvals, and watch for any open offer obligations arising from the change in control.