Brainbees Solutions Limited — Capital/Financing Update 2024

Nov 14, 2024

==> picture [134 x 61] intentionally omitted <==

FC/SE/2024-25/34 November 14, 2024

National Stock Exchange of India Limited Exchange Plaza, C – 1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai-400051 Symbol: FIRSTCRY

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Scrip Code: 544226

Sub: Statement of deviation(s) or variation(s) for the quarter ended September 30, 2024 under Regulation 32 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Dear Sir/Ma’am,

The equity shares of the Company have been listed on BSE Limited and National Stock Exchange of India Limited w.e.f. August 13, 2024. Accordingly, pursuant to Regulation 32(1) of Listing Regulations, a Statement confirming no deviation or variation in the utilization of proceeds raised through issuance of equity shares by way of Initial Public offer (‘IPO’) for quarter ended September 30, 2024 is enclosed herein, in the format as prescribed.

We request you to kindly take the aforesaid information on record.

Thanking you,

Yours sincerely,

For Brainbees Solutions Limited

NEELAM Digitally signed by NEELAM SITALDAS SITALDAS JETHANI Date: 2024.11.14 19:34:17 JETHANI +05'30'

Neelam Jethani Company Secretary & Compliance Officer ICSI Membership No.: A35831

Brainbees Solutions Limited CIN: L51100PN2010PLC136340 Corporate/Registered Office :- Rajashree Business Park, Plot No. 114, Survey No. 338, Tadiwala Road, Nr. Sohrab Hall, Pune – 411001 Contact: +91-8482989157 Email Id :legal@firstcry.com Website : www.firstcry.com

==> picture [134 x 61] intentionally omitted <==

STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF PUBLIC ISSUE:

==> picture [530 x 577] intentionally omitted <==

----- Start of picture text -----

Particulars
Name of listed entity Brainbees Solutions Limited
Mode of Fund Raising Public Issue – Initial Public Offer
(IPO)
Date of Raising Funds August 10, 2024 [#]
Amount Raised (Rs. in Crore) 1,601.74
Report filed for Quarter ended 30 September 2024
Monitoring Agency Applicable
Monitoring Agency Name, if applicable ICRA Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to
change in terms of a contract or objects, which was approved by
the shareholders Not Applicable
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee Nil
after review
Comments of the auditors, if any Nil
Objects for which funds have been raised and where there has been
a deviation, in the following table
Original Object Modified Original Modified Funds Amount of Remarks if
Object, if Allocation allocation, if Utilised Deviation/Var any
any (Rs. Crores) any (Rs. Crores) iation for the
quarter
according to
applicable
object
Setting up new Not 93.900 Not 0.629 No Deviation -
modern stores Applicable Applicable
under the
‘Babyhug’
Brand
Setting up a Not 14.200 Not 4.363 No Deviation -
warehouse Applicable Applicable
Expenditure for Not 93.100 Not 4.127 No Deviation -
lease payments Applicable Applicable
for existing
identified
modern stores
owned and
----- End of picture text -----

Brainbees Solutions Limited CIN: L51100PN2010PLC136340

Corporate/Registered Office :- Rajashree Business Park, Plot No. 114, Survey No. 338, Tadiwala Road, Nr. Sohrab Hall, Pune – 411001 Contact: +91-8482989157 Email Id :legal@firstcry.com Website : www.firstcry.com

==> picture [134 x 61] intentionally omitted <==

==> picture [530 x 596] intentionally omitted <==

----- Start of picture text -----

operated by
Company, in
India
Investment in Not 169.000 Not 2.501 No Deviation -
subsidiary, Applicable Applicable
Digital Age for
setting up new
modern stores
under the
Firstcry brand
and other home
brands of the
Company.
Investment in Not 130.600 Not 5.958 No Deviation -
subsidiary, Applicable Applicable
Digital Age for
Lease payments
for existing
identified
modern stores
owned and
controlled by
Digital Age in
India
Investment in Not 72.600 Not _ No Deviation -
Subsidiary, Applicable Applicable
Firstcry Trading
for overseas
expansion by
setting up new
modern stores
Investment in Not 83.000 Not _ No Deviation -
Subsidiary, Applicable Applicable
Firstcry Trading
for overseas
expansion by
Investment in Not 169.000 Not 84.885 No Deviation -
subsidiary, Applicable Applicable
Globalbees
Brands towards
acquisition of
additional stake
in step-down
subsidiaries
----- End of picture text -----

Brainbees Solutions Limited CIN: L51100PN2010PLC136340

Corporate/Registered Office :- Rajashree Business Park, Plot No. 114, Survey No. 338, Tadiwala Road, Nr. Sohrab Hall, Pune – 411001 Contact: +91-8482989157 Email Id :legal@firstcry.com Website : www.firstcry.com

==> picture [134 x 61] intentionally omitted <==

==> picture [531 x 501] intentionally omitted <==

----- Start of picture text -----

Sale and Not 200.000 Not 16.954 No Deviation -
marketing Applicable Applicable
initiatives
Technology and Not 57.600 Not 0.513 No Deviation -
data science Applicable Applicable
cost including
cloud and
server hosting
related costs.
Funding Not 518.735 Not 119.740 No Deviation -
inorganic Applicable Applicable
growth through
acquisition and
other strategic
initiatives and
general
corporate
purpose
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.
Notes:
#Date of Allotment
The amount of original allocation represents the amount raised through IPO (net of offer expenses) as mentioned
in the Prospectus dated August 08, 2024.
For Brainbees Solutions Limited
NEELAM Digitally signed by NEELAM SITALDAS
SITALDAS JETHANI
JETHANI Date: 2024.11.14 19:34:42 +05'30'
Neelam Jethani
Company Secretary and Compliance Officer
ICSI Membership No.: A35831
----- End of picture text -----*

Brainbees Solutions Limited CIN: L51100PN2010PLC136340

Corporate/Registered Office :- Rajashree Business Park, Plot No. 114, Survey No. 338, Tadiwala Road, Nr. Sohrab Hall, Pune – 411001 Contact: +91-8482989157 Email Id :legal@firstcry.com Website : www.firstcry.com