Brainbees Solutions Ltd

Brainbees Solutions Ltd has responded to a clarification letter from the BSE regarding an increase in its security volume. The company stated that all material information has been disclosed in accordance with SEBI regulations. They believe the volume movement is market-driven and affirmed their commitment to timely and accurate disclosures of all material information.

Brainbees Solutions Limited has announced the closure of its trading window for designated persons and their immediate relatives, effective July 1, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The closure is to prevent potential insider trading during periods when sensitive financial information may be pending disclosure. The exact duration of the closure will be communicated later, coinciding with the announcement of the board meeting to approve the unaudited financial results for the quarter ending June 30, 2026.

Brainbees Solutions Ltd (Firstcry) announced the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board approved these results in its meeting held on May 26, 2026. The board also approved further investment in Firstcry Trading Company and Firstcry Retail DWC LLC through Firstcry Management DWC LLC, a wholly owned subsidiary. The auditor, M/s. Walker Chandiok & Co. LLP, issued an unmodified opinion on the financial results.

Brainbees Solutions Limited has announced a further investment in Firstcry Management DWC LLC, a wholly-owned subsidiary, for business expansion. The investment, not exceeding AED 34 Million, will be funded from IPO proceeds. A portion of the investment, up to SAR 22 Million, will be directed to Firstcry Trading Company in Saudi Arabia, with the remaining amount allocated to Firstcry Retail DWC LLC in the UAE.

Brainbees Solutions Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also approved further investment in Firstcry Trading Company and Firstcry Retail DWC LLC through Firstcry Management DWC LLC, a wholly-owned subsidiary, of an amount not exceeding AED 34 Million out of IPO proceeds. The Statutory Auditors, Walker Chandiok & Co. LLP, issued audit reports with an unmodified opinion on the financial results.

Brainbees Solutions Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The trading window, which closed on April 1, 2026, will remain closed until 48 hours after the declaration of the financial results, i.e., until May 28, 2026.

Brainbees Solutions Ltd. responded to a BSE letter regarding the increase in the volume of the company's security across exchanges. The company stated that all material information and necessary disclosures, as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been duly disclosed to the Stock Exchanges and disseminated on the company's website. The company believes the movement in volume is market-driven and assures continued compliance with disclosure obligations.

Brainbees Solutions Ltd's monitoring agency, ICRA Limited, reported on the utilization of proceeds from the company's public issue for the quarter ended March 31, 2026. The report confirms that the utilization of issuance proceeds aligns with the objects of the issue, with no deviations observed. The issue size was ₹4,193.728 Crore, with net proceeds as per the prospectus being ₹1,601.735 Crore.

Brainbees Solutions Limited announced a further extension to the timeline for remitting the initial subscription amount to its wholly-owned subsidiary, Swara Corp., USA. The remittance, initially due by February 28, 2026, was previously extended to April 30, 2026, and is now extended to June 30, 2026, due to procedural delays. Swara Corp. was incorporated on December 8, 2025, as a step-down subsidiary of Brainbees Solutions through Swara Baby Products Limited.

Globalbees Brands Private Limited, a material subsidiary of Brainbees Solutions Ltd, has acquired a 30% additional shareholding in Candes Technology Private Limited, a step-down subsidiary of the company. The acquisition was made pursuant to the Securities Subscription and Purchase Agreement dated 31st March, 2022. This has increased Globalbees' shareholding from 62% to 92% in Candes Technology Private Limited. Candes Technology Private Limited is incorporated in India and is engaged in the business of all kinds of electronics, electrical instruments and audio-visual goods under the brand name ‘Candes’. The company's turnover for the last three years is as follows: 2024-25: INR 38.23 Crore, 2023-24: INR 68.17 Crore, and 2022-23: INR 89.62 Crore. The latest financial parameters for the year 2024-25 are: Turnover: INR 38.23 Crore, PAT: INR -18.65 Crore, and Net worth: INR -20.66 Crore.