Kiaasa Retail Q1 FY27 IPO Proceeds Utilization Update

Financial Details - IPO Proceeds Utilization (Quarter Ended 30th June 2026)

The certificate from statutory auditor Dharam Taneja Associates provides the following utilization details (amounts in ₹ Crores):

Opening New Stores:

• Amount as per IPO Object: ₹46.46
• Amount Unutilized during Q4 2026: ₹22.86
• Amount utilized during Q1 2027: ₹12.29
• Amount Unutilized during Q1 2027: ₹10.57

Unidentified Acquisition & General Corporate Purposes:

• Amount as per IPO Object: ₹10.00
• Amount Unutilized during Q4 2026: ₹4.19
• Amount utilized during Q1 2027: ₹4.19
• Amount Unutilized during Q1 2027: ₹0.00 (fully utilized)

IPO Issue Expenses:

• Amount as per IPO Object: ₹13.28
• Amount Unutilized during Q4 2026: ₹1.02
• Amount utilized during Q1 2027: ₹1.02
• Amount Unutilized during Q1 2027: ₹0.00 (fully utilized)

Total IPO Proceeds:

• Total Amount as per IPO Object: ₹69.74
• Total Amount Unutilized during Q4 2026: ₹28.07
• Total Amount utilized during Q1 2027: ₹17.50
• Total Amount Unutilized during Q1 2027: ₹10.57

Auditor Verification

The certificate was issued by Dharam Taneja Associates, Chartered Accountants (Firm Registration No. 003563N), signed by Varun Taneja (Partner, Membership No. 095325, UDIN: 26095325WCRJFD7710). The audit was conducted based on scrutiny of relevant accounting records, information, and explanations provided by the company.

Compliance Reference

The submission is made pursuant to the undertaking furnished by the company to the stock exchange for quarterly submission of IPO proceeds utilization certificates.