GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Kaiser Corporation Ltd

Kaiser Corporation: BSE returns merger scheme due to public shareholding non-compliance

M&A ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 25 Jun 2026, 10:18 PM IST  ·  BSE ID: 7a3b473d-94fc-426e-8a3b-edbcd6e5586e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's plan to merge with Emazing Deals was sent back by BSE because the public shareholding rule wasn't met.
🤖 AI Summary
  • Kaiser Corporation received communication from BSE on June 25, 2026, regarding the Draft Scheme of Amalgamation with Emazing Deals Limited.
  • BSE informed Kaiser Corporation that the proposed scheme does not comply with paragraph (A)(3)(b) of Part-I of the SEBI Master Circular dated June 20, 2023.
  • The SEBI circular stipulates that post-scheme public shareholders and QIBs of the unlisted entity must hold not less than 25% in the merged company.
  • BSE has returned the scheme, allowing refiling within ninety (90) days without additional processing fees.
  • Kaiser Corporation is examining BSE's observations and will take appropriate steps in consultation with its advisors.
🏢 How This Affects the Company
📈
Business Impact
The proposed amalgamation of Emazing Deals Limited with Kaiser Corporation Limited is currently delayed, requiring the company to revise the scheme or address the compliance issue.
💰
Financial Impact
The financial consolidation and potential benefits from the amalgamation, which included a target turnover of INR 12,227.43 lakhs for Emazing Deals Limited, are pending resolution of the compliance issue.
⚠️
Risk Impact
The return of the scheme by BSE introduces a regulatory risk, necessitating a revised approach to meet SEBI's public shareholding requirements for the merger to proceed.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders.
👤
Who Is Affected
Shareholders awaiting the completion of the merger with Emazing Deals Limited will experience a delay as the scheme requires revisions to meet SEBI regulations.
🔍
Management Signal
Management is evaluating the observations from BSE and plans to consult advisors, indicating an intent to resolve the compliance issues and proceed with the amalgamation.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Company announcement on addressing BSE's observations and revised scheme submission.
BSE communication regarding the approval or further queries on the refiled scheme.
Outcome of NCLT and shareholder approval processes, if the scheme progresses.
MEDIUM RISK The merger faces regulatory hurdles due to non-compliance with SEBI's public shareholding requirements, causing delay.
💡 Investor Takeaway
Kaiser Corporation's draft amalgamation scheme with Emazing Deals Limited was returned by BSE on June 25, 2026, due to non-compliance with the SEBI Master Circular's 25% post-scheme public shareholding requirement. The company has ninety (90) days to refile without fees, and is currently evaluating its next steps.
⚖️ Strengths & Concerns

⚠️ Concerns

  • The Draft Scheme of Amalgamation does not comply with paragraph (A)(3)(b) of Part-I of the SEBI Master Circular dated June 20, 2023.
  • BSE Limited returned the scheme to Kaiser Corporation, delaying the completion of the proposed merger with Emazing Deals Limited.
📅 Company Track Record
Kaiser Corporation had previously approved the Emazing Deals merger with a target turnover of INR 12,227.43 lakhs, submitting an 'In-Principle' application to BSE on April 14, 2026. Prior to this, on May 6, 2026, the company reported Nil public complaints regarding the proposed scheme.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
Why was Kaiser Corporation Limited's draft amalgamation scheme returned by BSE?
The draft scheme was returned because it did not comply with paragraph (A)(3)(b) of Part-I of the SEBI Master Circular dated June 20, 2023, which requires the post-scheme public shareholders and QIBs to hold not less than 25% in the merged company.
What is the deadline for Kaiser Corporation to refile the scheme without processing fees?
Kaiser Corporation Limited can refile the scheme within ninety (90) days from June 23, 2026, without incurring additional processing fees.
What is the company's response to BSE's communication regarding the draft scheme?
Kaiser Corporation Limited is examining the observations made by BSE Limited and will take appropriate steps in consultation with its advisors.
What was the target turnover of Emazing Deals Limited, the transferor company in the proposed merger?
Past filings indicated Emazing Deals Limited had a target turnover of INR 12,227.43 lakhs in relation to the merger.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.