Company Overview

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹134.63 crore (10.69% growth from FY25 ₹121.63 crore)
  • Other Income: ₹0.62 crore
  • Total Income: ₹135.25 crore
  • Profit Before Tax (PBT): ₹15.10 crore (23.26% growth from FY25 ₹12.25 crore)
  • Profit After Tax (PAT): ₹11.17 crore (23.94% growth from FY25 ₹9.01 crore)
  • PAT Margin: 8.30% (improved from 7.41% in FY25)
  • PBT Margin: 11.21%
  • Earnings Per Share (Basic & Diluted): ₹8.43 (FY25: ₹7.47)

Capital Structure Changes

  • Authorized Share Capital: Remained at ₹20.00 crore (2.00 crore equity shares of ₹10 each)
  • Paid-up Capital: Increased from ₹12.74 crore to ₹18.23 crore due to IPO issuance
  • IPO Details: Issued 54,91,000 equity shares at ₹127 per share (₹10 face value + ₹117 premium), raising ₹69.74 crore
  • Listing: Successfully listed on BSE SME platform on March 2, 2026

Operational Highlights

  • Store Network: 124 Exclusive Brand Outlets (EBOs) across 75 cities as of March 31, 2026 (increased from 113 stores in FY25)
  • Business Models: FOFO (Franchise Owned Franchise Operated), FICO (Franchise Invested Company Operated), and COCO (Company Owned Company Operated)
  • Product Portfolio: Women's ethnic wear including salwar kameez, lehengas, kurtis, and accessories under brands Kiaasa and Nine99
  • Nine99 Concept: Value retail format with all products priced below ₹999

Corporate Governance

Board of Directors:

  • Mr. Om Prakash (Chairman & Managing Director)
  • Mr. Amit Chauhan (Whole-time Director)
  • Mr. Binod Kumar Ranjan (Non-Executive Director)
  • Mr. Swami Tarunjay Bharti (Independent Director)
  • Ms. Aprajita Sinha (Independent Director)
  • Ms. Komal (Independent Director)

Key Managerial Personnel:

  • Mr. Sumit Aggarwal (CFO - resigned w.e.f. April 30, 2026)
  • Ms. Kanishka Singhal (Company Secretary & Compliance Officer)

Board Meetings: 20 meetings held during FY25-26

Auditors:

  • Statutory: M/s Dharam Taneja Associates
  • Internal: M/s S Yadav & Company (appointed for FY26-27)
  • Secretarial: M/s Preet Kumar & Associates

4th Annual General Meeting Details

Date: September 30, 2026

Time: 11:30 AM

Mode: Video Conferencing/Other Audio Visual Means

Agenda Items:

Ordinary Business:

1. Adoption of audited standalone financial statements for FY25-26

2. Re-appointment of Mr. Binod Kumar Ranjan as director retiring by rotation

Special Business:

3. Appointment of M/s Preet Kumar & Associates as Secretarial Auditor for 5 years (FY26-27 to FY30-31)

4. Increase in authorized share capital from ₹20 crore to ₹35 crore

5. Alteration of Articles of Association to insert provisions for further issue of capital

6. Approval of "Kiaasa-Employee Stock Option Scheme 2026" for 18.23 lakh shares

7. Authorization for creating security on company assets up to ₹250 crore

8. Enhancement of borrowing limits to ₹250 crore

Key Ratios

  • Current Ratio: 1.92 (1.66 in FY25)
  • Debt-Equity Ratio: 0.78 (0.71 in FY25)
  • Inventory Turnover Ratio: 0.70 times (1.11 in FY25)
  • Debtors Turnover Ratio: 1.40 times (2.20 in FY25)
  • Return on Net Worth: 10.2% (22.2% in FY25)

CSR Activities

  • CSR Expenditure: ₹15.24 lakh contributed to Navodayans Star Global Foundation
  • Focus Areas: Eradicating hunger, poverty, malnutrition, promoting healthcare and sanitation

Other Significant Disclosures

  • Employee Strength: 379 employees as of March 31, 2026
  • Contingent Liabilities:
  • Civil suit for ₹17.44 lakh pending before Delhi High Court (next hearing May 25, 2026)
  • GST notice for ITC mismatch of ₹143.96 lakh for May 2024 (at intimation stage)
  • IPO Proceeds Utilization: Variation due to advance payments to suppliers for FY27 store expansion
  • Warehouse Theft: Insurance claim of ₹4.92 crore filed for theft incident in March 2025, claim under process

Forward-Looking Statements

The document contains forward-looking statements regarding business, financial performance, growth prospects, and strategic initiatives, subject to risks and uncertainties including economic conditions, consumer demand, competition, and regulatory developments.