Kiaasa Retail Ltd

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.

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

Kiaasa Retail Ltd has scheduled a meeting of its Board of Directors on May 15, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026.

Kiaasa Retail Ltd has announced the opening of three new retail outlets (Exclusive Brand Outlets) under the brand name "KIAASA" in April 2026. The stores are located in Nagpur, Maharashtra; Raipur, Chhattisgarh; and Patna, Bihar. The company also clarified that such announcements will be filed under the "General Announcement/General Updates" category going forward, correcting a previous misclassification.

Kiaasa Retail Ltd has announced the opening of three new exclusive brand outlets in April 2026. The new stores are located in Nagpur, Maharashtra; Raipur, Chhattisgarh; and Patna, Bihar. This expansion is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kiaasa Retail Limited announced the resignation of Mr. Sumit Agrawal from the post of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). His resignation will be effective from the close of business hours on April 30, 2026. The company stated that Mr. Agrawal's decision is due to personal reasons, specifically his relocation to his native place to take care of his family. The filing confirms there are no other material reasons for his resignation. Mr. Agrawal expressed gratitude for his tenure and committed to ensuring a smooth transition of his responsibilities.