Kiaasa Retail Limited submitted a certificate regarding utilization of IPO proceeds for the quarter ended 30th September 2026 to BSE Limited. The submission was made to the Department of Corporate Services at BSE's Mumbai address and is in compliance with the company's undertaking to submit such certificates on a quarterly basis.
The certificate was prepared and verified by Dharam Taneja Associates, Chartered Accountants (Firm Registration No. 003563N), dated 14th October 2026. The audit firm certified the IPO Issue Fund Utilization Status based on scrutiny of relevant accounting records, information, and explanations provided by the company.
IPO Proceeds Utilization Details (₹ in Crores)
Total IPO Proceeds Allocation: ₹69.74 crore
Breakdown of Utilization Status as of Q2 FY2027:
- Expenditure for opening new stores:
- Amount as per IPO Object: ₹46.46 crore
- Amount Unutilized during Q1 2027: ₹10.57 crore
- Amount utilized during Q2 2027: ₹0.00 crore
- Amount Unutilized during Q2 2027: ₹10.57 crore
- Unidentified Acquisition & General Corporate Purposes:
- Amount as per IPO Object: ₹10.00 crore
- Fully utilized with zero unutilized amount across both quarters
- IPO Issue Expenses:
- Amount as per IPO Object: ₹13.28 crore
- Fully utilized with zero unutilized amount across both quarters
Overall Utilization Status:
- Total Amount Unutilized during Q2 2027: ₹10.57 crore (all pertaining to new store openings)
- Zero utilization occurred during Q2 2027 across all categories
The document was digitally signed by Kanishka Singhal, Company Secretary (Membership No. A39678) on behalf of Kiaasa Retail Limited on 21st October 2026 at 14:15:03 IST from Ghaziabad. The auditor's certificate was signed by Varun Taneja, Partner (Membership No. 095325) with UDIN 26095325HBEHFL6784.