Kiaasa Retail Ltd IPO

Our business from retail outlet is concentrated in the state of Uttar Pradesh only. For the eleven-month period ended February 28, 2025, revenue from Uttar Pradesh constituted Rs. 2,326.39 Lakhs i.e. 28.81% of our revenue for February 28, 2025. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.

Our offices, including our Registered Office and Branch Offices, are located on leased premises, and any disruption in these lease arrangements could adversely affect our business, operations, and financial performance.

Our brand image is integral to our success and if we are unable to effectively maintain, promote and enhance our brand, and conduct our sales and marketing activities effectively, our business and reputation may be adversely affected.

Our proposed expansion plans relating to the opening of new stores are subject to the risk of unanticipated delays in implementation and cost overruns.

We have experienced delays in the timely repayment of our loan obligations in the past, and any continued delays or defaults may adversely affect our creditworthiness, financial flexibility, and ability to raise future capital.

In the past Company had delayed in the EPF and GST returns. This may adversely affect the financial performance and regulatory compliance of the company

There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.

Our reliance on third-party suppliers and vendors for procurement of finished products exposes us to supply chain risks, and heavy dependence on a limited number of vendors may adversely affect our business, cash flows, and financial condition.

Our inability to collect receivables and default in payment from our customers could result in the reduction of our profits and affect our cash flows.

We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.