Submission of statement of deviation or variation in utilization of issue proceeds for half year ended March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kiaasa Retail Ltd has filed its first fund utilization report for the Rs. 6973.57 lakh IPO raised in February 2026. The company reports no deviation in the use of proceeds. Funds deployed so far include Rs. 2360 lakh for new store expansion (50.8% of allocated amount), Rs. 580.55 lakh for general corporate purposes (58% utilized), and Rs. 1226.11 lakh for issue expenses (92.3% utilized). The audit committee reviewed and approved the statement on May 15, 2026, with monitoring conducted by Infomerics Valuation and Rating Ltd. The remaining funds appear to be undeployed as of March 31, 2026.
No deviation in fund utilization is a positive signal for investors, indicating the company is following its stated IPO objectives. The partially deployed amounts for store expansion may suggest the expansion plan is still in progress.