Disclosure Context
Riyaasat Lifestyle Limited (Scrip Code: 544804) submitted its First Monitoring Agency Report to BSE Limited on November 05, 2026. The report covers the utilization of proceeds from the public issue of equity shares for the quarter/half-year ended September 30, 2026, as required under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Certificate Details
The certificate was issued by ABHISHEK KUMAR & ASSOCIATES, Chartered Accountants (Firm Reg. No. 130052W), dated November 05, 2026, in Ahmedabad. The engagement was based on the final prospectus dated June 16, 2026, for a public issue of up to 28,48,800 equity shares aggregating ₹3019.73 lakhs.
Utilization Verification
The practitioner verified: 1) Proposed utilization per prospectus, 2) Bank statements for receipt of total proceeds, 3) Bank statements for utilization of proceeds. The examination was conducted in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India.
Opinion and Findings
The practitioner certified that:
- The utilization statement (Annexure A) agrees with the manner of utilization stated in the prospectus
- There are no deviations in the use of proceeds from the stated objects
- As of September 30, 2026, the company utilized ₹1475.00 lakhs
- ₹1544.73 lakhs remains unutilized (including ₹12.50 lakhs in fixed deposit with bank)
Detailed Utilization Breakdown (Annexure A)
1. Capital Expenditure for New Stores
- Original Allocation: ₹1247.00 lakhs
- Modified Allocation: ₹0.00
- Funds Unutilized: ₹1247.00 lakhs (100%)
- Remarks: Remaining amount will be utilized in next quarter
2. Issue Related Expenses
- Original Allocation: ₹419.73 lakhs
- Modified Allocation: ₹274.00 lakhs
- Funds Unutilized: ₹145.73 lakhs
- Remarks: Remaining amount will be utilized in next quarter
3. Working Capital Requirements
- Original Allocation: ₹950.00 lakhs
- Modified Allocation: ₹798.00 lakhs
- Funds Unutilized: ₹152.00 lakhs
- Remarks: Remaining amount will be utilized in next quarter
4. General Corporate Purpose
- Original Allocation: ₹403.00 lakhs
- Modified Allocation: ₹403.00 lakhs
- Funds Unutilized: Not specified in table
- Remarks: No remarks provided
Total Proceeds Summary
- Total Issue Size: ₹3019.73 lakhs
- Total Utilized: ₹1475.00 lakhs (as certified)
- Total Unutilized: ₹1544.73 lakhs (including ₹12.50 lakhs in FD)