Brainbees Solutions Ltd Subsidiary Globalbees Brands to Acquire Additional 14.91% Stake in Dynamic IT Solution Private Limited

Brainbees Solutions Ltd, through its material subsidiary Globalbees Brands Private Limited, has agreed to acquire an additional 14.91% stake in Dynamic IT Solution Private Limited. Dynamic IT Solution Private Limited, incorporated in India on October 31, 2002, is engaged in the business of fitness equipments and sports products under the brand name 'Strauss'. The company's turnover for the last three years is as follows: 2024-25: INR 11.92 Crore, 2023-24: INR 27.4 Crore, and 2022-23: INR 23.29 Crore. The latest financial parameters show a turnover of INR 11.92 Crore for 2024-25. The acquisition is at arm's length and is a related party transaction. The consideration for the acquisition is INR 1.5 Crore. The acquisition is expected to be completed before October 30, 2025.