StockWatch
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Trading & Distributors
Merger21 Aug 2026, 08:20 pm

Kaiser Corp approves Emazing Deals merger, appoints valuer & merchant banker

AI Summary

Kaiser Corporation Limited's Board of Directors has approved the Scheme of Amalgamation of Emazing Deals Limited into Kaiser Corporation Limited. This significant step, recommended by the Audit Committee and Independent Directors' Committee, is subject to approvals from shareholders, creditors, the National Company Law Tribunal (NCLT), and stock exchanges. The company also appointed Mr. Nikhil P Chandak as Registered Valuer, Navigant Corporate Advisors Limited as SEBI Registered Category 1 Merchant Banker, and Mr. Asim Kumar Santara as Chartered Accountant for related valuations and reports. Furthermore, the Board authorized directors and officers to file necessary applications with regulatory authorities. The 33rd Annual General Meeting is scheduled for September 28, 2026, with book closure from September 22-28, 2026. M/s Sameer Panchal & Associates were appointed as Scrutinizers for the AGM.

Key Highlights

  • Board approved amalgamation of Emazing Deals Limited into Kaiser Corporation Limited.
  • Scheme subject to shareholder, NCLT, and stock exchange approvals.
  • Appointed Registered Valuer, Merchant Banker, and Chartered Accountant for the merger.
  • 33rd Annual General Meeting scheduled for September 28, 2026.
  • Scrutinizer appointed for AGM e-voting and ballot process.