Kiaasa retail Limited has announced the resignation of its Chief Financial Officer (CFO), Mr. Sumit Agrawal, effective April 30, 2026. The company informed BSE Limited about this development on April 17, 2026, in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details and Timeline

Mr. Sumit Agrawal tendered his resignation from the position of Chief Financial Officer and Key Managerial Personnel on April 16, 2026, with his last working day scheduled for April 30, 2026. The resignation letter was formally submitted to the Board of Directors, requesting relief from duties effective from the close of business hours on the specified date.

Reasons for Departure

According to the official communication, Mr. Agrawal's resignation is attributed to personal reasons, specifically his relocation to his native place to take care of his family. The company has confirmed that there are no material reasons for his resignation other than those mentioned in the official disclosure.

Regulatory Compliance and Documentation

Kiaasa Retail Limited has fulfilled its regulatory obligations by disclosing the resignation details as per Regulation 30 of SEBI regulations. The company has also referenced SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, in its compliance documentation. Mr. Agrawal has requested the company to file the requisite Form DIR-12 with the Registrar of Companies and intimate stock exchanges as per applicable SEBI regulations.

Transition and Cooperation

In his resignation letter, Mr. Agrawal expressed gratitude to the Board of Directors, management team, and colleagues for their support throughout his tenure. He has committed to ensuring a smooth transition of responsibilities and will extend full cooperation during the notice period to facilitate the handover process.

Company Profile

Kiaasa Retail Limited, formerly known as Kiaasa Retail Pvt. Ltd., operates from its headquarters at Plot No- 1/37, South Side G.T. Road Industrial Area, Lalkuan, Ghaziabad, Uttar Pradesh. The company proudly operates 100+ stores across 60+ cities pan India, establishing a significant retail presence in the Indian market.

Kiaasa retail Limited has formally confirmed to BSE Limited that it does not qualify as a "Large Corporate" under the framework established by SEBI's circular dated October 19, 2023. The communication was submitted to ensure regulatory compliance and maintain transparency with stock exchange authorities.

Regulatory Compliance Communication

The company's confirmation was submitted through an official letter addressed to the Department of Corporate Services at BSE Limited on April 14, 2026. Company Secretary and Compliance Officer Kanishka Singhal signed the communication, which specifically referenced SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172.

SEBI Framework Classification

The confirmation specifically addresses Para 3.2 of the SEBI circular, which outlines the criteria for determining Large Corporate status. By confirming non-applicability, Kiaasa Retail Limited has clarified that it does not meet the thresholds or characteristics that would classify it under this regulatory framework.

Company Operations Overview

Kiaasa Retail Limited, formerly known as Kiaasa Retail Pvt. Ltd., operates an extensive retail network across India. The company maintains its headquarters at Plot No- 1/37, South Side G.T. Road Industrial Area, Lalkuan, Ghaziabad, Uttar Pradesh.

This regulatory confirmation ensures that stakeholders and regulatory authorities have clear documentation regarding the company's classification status under current SEBI frameworks. The communication demonstrates the company's commitment to maintaining proper regulatory compliance and transparent reporting practices.