Kiaasa Retail Limited’s board of directors approved the Kiaasa Employee Stock Option Plan 2026, alterations to its Memorandum and Articles of Association, and the appointment of a new secretarial auditor during a meeting held on August 25, 2026. The resolutions require shareholder approval.

The board sanctioned the Kiaasa - Employee Stock Option Plan 2026 (ESOP 2026) under Section 62(1)(b) of the Companies Act, 2013, and SEBI regulations. The plan covers 18,23,000 equity shares with a face value of ₹10 each. Options will vest between one and two years from the grant date. The exercise price will be determined by the Nomination and Remuneration Committee, ranging between the face value and the closing market price on the day preceding the grant.

Corporate Governance Updates

The company appointed Preet Kumar & Associates as its secretarial auditor for a consecutive term of five years, covering financial years 2026-27 through 2030-31. The firm, registered with the Institute of Company Secretaries of India (COP No: 21750), specializes in corporate laws, secretarial audits, and SEBI compliance.

Additionally, the board proposed alterations to the Memorandum of Association (MOA) and Articles of Association (AOA). The MOA amendment confirms the authorized share capital of ₹35 crore, divided into 3.5 crore equity shares of ₹10 each. The AOA amendment inserts a new clause permitting further share issues via preferential offers, private placements, rights issues, or sweat equity schemes, subject to applicable laws.

All resolutions are subject to shareholder approval as per the Companies Act, 2013.

Kiaasa Retail has expanded its physical footprint by opening two new Exclusive Brand Outlets (EBOs) in July 2026. The company launched a new store in Lajpat Nagar, New Delhi, and a flagship Mega-Store in Jhansi, Uttar Pradesh. This move reinforces the company’s strategy to strengthen its presence in core metro hubs while accelerating penetration into high-growth regional markets.

The intimation was submitted to the BSE Limited on August 1, 2026, by Kanishka Singhal, Company Secretary & Compliance Officer of Kiaasa Retail Limited. The filing details the specific locations and strategic intent behind the new openings.

Store Expansion Details

The new outlets are designed to serve different strategic purposes within the company’s network:

The Lajpat Nagar outlet is positioned in what the company describes as the heart of Delhi's premier shopping hub. This location aims to consolidate Kiaasa’s presence in a key metropolitan area.

In Jhansi, the company has debuted with one of its largest regional flagship outlets. Designed as a Mega-Store, this facility showcases the company’s complete product portfolio. The Jhansi outlet anchors Kiaasa’s expansion strategy across key regional markets.

Strategic Vision

The ongoing expansion underscores Kiaasa Retail’s focus on deepening brand penetration across Tier-2 and Tier-3 cities. The company aims to capitalize on high-growth regional demand while simultaneously solidifying its presence in major metro hubs.

Kiaasa Retail currently operates over 100 stores across more than 60 cities pan-India. The addition of these two outlets in July 2026 contributes to this growing network.