Kiaasa Retail Reports No IPO Fund Utilization Deviation

Regulatory Disclosure Submission

Kiaasa Retail Limited submitted a mandatory statement pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to BSE Limited (SME Platform) regarding utilization of funds raised through public issue for the half year ended September 30, 2026.

Fund Raising Details

Mode of Fund Raising: Public Issues
Date of Raising Funds: February 23-25, 2026
Amount Raised: ₹69,735,700 (₹6973.57 Lakhs)
Monitoring Agency: Infomerics Valuation and Rating Ltd.
Reporting Period: Half year ended September 30, 2026

Utilization Status

Is there a Deviation/Variation in use of funds raised? No

Shareholder Approval Date: NA (not applicable)

Explanation for Deviation/Variation: NA (not applicable)

Fund Utilization Breakdown

| Expenditure for opening new stores | - | 4645.90 | - | 3589.00 | - | NA |

| General Corporate Purposes | - | 1000.00 | - | 1000.00 | - | NA |

| Issue expenses | - | 1327.67 | - | 1328.00 | - | NA |

Key Disclosures

There has been no deviation from the objects stated in the prospectus
Intra-utilization among purchase and capex within the expenditure allocated for opening new stores was approved by the Board of Directors in the Audit Committee and Board meetings held on August 25, 2026
Same disclosure has been made in the Monitoring Agency report

Review and Approval

Audit Committee Review: The statement was reviewed by the Audit Committee at its meeting held on November 13, 2026, and taken on record
Auditor Comments: No deviation and variation in use of IPO proceeds