Kiaasa Retail Ltd

Kiaasa Retail Ltd has filed its Annual Report for the financial year ended March 31, 2026. The report, available on the company's website and sent to shareholders, includes statutory reports, financial statements, corporate information, promotional campaigns, brand details, retail chain performance, growth story, network, presence, listing ceremony, product portfolio, notice of AGM, director's report, management discussion and analysis, and independent auditor's report. The company also provided an overview of its operations, stores, board of directors, and key management personnel. The report highlights the company's growth trajectory and forward-looking statements regarding its business prospects.

Kiaasa Retail Ltd has issued a notice for its 4th Annual General Meeting (AGM), scheduled for Wednesday, September 30, 2026, at 11:30 AM IST. The meeting will be conducted virtually via Video Conferencing/Other Audio Visual Means. Key agenda items include the adoption of the audited standalone financial statements for the financial year ended March 31, 2026, the re-appointment of Mr. Binod Kumar Ranjan as a director, and the appointment of M/s Preet Kumar & Associates as secretarial auditor for five years. The company also plans to discuss an increase in its authorized share capital. The annual report and financial statements for FY2025-26 will be presented.

Kiaasa Retail Ltd has announced that its 4th Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 11:30 a.m. via Video Conferencing. In preparation for the AGM, the company's register of members and share transfer books will be closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026, inclusive. The record date for the AGM has been set as Wednesday, September 23, 2026. This announcement is made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kiaasa Retail Ltd's Board of Directors, in a meeting held on August 25, 2026, approved the 'Kiaasa - Employee Stock Option Plan 2026' (ESOP 2026). This is subject to shareholder approval and compliance with relevant SEBI and Companies Act regulations. The board also appointed Preet Kumar & Associates as Secretarial Auditor for five years and approved alterations to the Memorandum and Articles of Association to facilitate further share issuances, including ESOPs.

Kiaasa Retail Ltd has announced the opening of two new retail outlets in July 2026. One store is located in Lajpat Nagar, New Delhi, enhancing the company's presence in a key metro shopping hub. The second store is in Jhansi, Uttar Pradesh, marking Kiaasa's entry into this regional market with a large flagship store designed to showcase its full product range. This expansion aligns with the company's strategy to increase brand penetration in Tier-2 and Tier-3 cities while reinforcing its presence in major metropolitan areas, capitalizing on regional demand.

Kiaasa Retail Ltd has announced the opening of three new exclusive brand outlets under the brand name "KIAASA" in May 2026. The new stores are located in Muzaffarnagar (Uttar Pradesh), Haldwani (Uttarakhand), and Jammu. The expansion includes Kiaasa's debut stores in Muzaffarnagar and Haldwani, and a third store in Jammu, reflecting strong customer demand in the region.

Kiaasa Retail Ltd submitted a statement confirming no deviation or variation in the utilization of funds raised through its public issue for the half year ended March 31, 2026. The raised amount was ₹6973.57 Lakhs. The Audit Committee reviewed and took the statement on record on May 15, 2026. Auditors confirmed no deviation in the use of IPO proceeds. The monitoring agency was Infomerics Valuation and Rating Ltd.

Kiaasa Retail Ltd submitted a Monitoring Agency Report for the half year ended March 31, 2026, regarding its IPO. The report, prepared by Infomerics Valuation and Rating Limited, confirms no deviation from the IPO's stated objectives. The IPO raised ₹69.74 crore, with ₹13.28 crore allocated to IPO expenses, leaving net proceeds of ₹56.46 crore. The report declares an objective view of the utilization of issue proceeds based on information provided by the issuer.

Kiaasa Retail Ltd. announced the approval of its audited standalone financial results for the half year and year ended March 31, 2026, during a board meeting held on May 15, 2026. The auditors have issued an unmodified opinion on the results, which are available on the company's website.

Kiaasa Retail Ltd's Board of Directors, in a resolution passed on May 15, 2026, approved extending the timeline for utilizing unutilized IPO proceeds until March 31, 2027. The company had planned to deploy ₹30.76 crore in FY26 for the expansion of 41 new stores but only managed to utilize ₹23.60 crore, opening 4 stores. The primary reason for the delay was the IPO listing on March 2, 2026, which impacted the full deployment of funds. While inventory-related expenditure was approximately 18% higher than projected, fit-out expenses were 96% lower. The company confirmed that there is no change in the objects of the issue, and the proceeds will continue to be utilized solely for the purposes stated in the Issue Document.