Brainbees Solutions Limited — Capital/Financing Update 2024

Oct 21, 2024

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FC/SE/2024-25/21 October 21, 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

Subject: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Intimation of acquisitions made by the Globalbees Brands Private Limited, a material subsidiary of the Brainbees Solutions Limited (the Company)

Dear Sir/Ma’am,

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we hereby inform that pursuant to the Shareholders’ Agreement dated 15[th] December 2021, Globalbees Brands Private Limited, a material subsidiary of the Company has made further investments of Rs. 4.5 crores in Dynamic IT Solution Private Limited, step down subsidiary of the Company.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13th July 2023 are given as under: -

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Sr. No. Details of event Information of such event
a) name of the target entity, details in brief Dynamic IT Solution Private Limited
such as size, turnover etc.;
Latest Financial Parameters:
Turnover: INR 27.4 crores
Net worth: INR -14.06 crores
b) whether the acquisition would fall within Yes, the same is at arm’s length and the
related party transaction(s) and whether the group companies have no interest in
promoter/ promoter group/ group Dynamic IT Solution Private Limited except to
companies have any interest in the entity the extent of their shareholding.
being acquired? If yes, nature of interest and
details thereof and whether the same is
done at “arm’s length”;
c) industry to which the entity being acquired Sports Industry
belongs;
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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

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Sr. No.	Details of event	Information of such event
d)	objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	Acquisition of further stake in the subsidiary Dynamic IT Solution Private Limited by GlobalBees Brands Private Limited pursuant to the Shareholders Agreement dated 15th December 2021
e)	brief details of any governmental or regulatory approvals required for the acquisition;	NA
f)	indicative time period for completion of the acquisition;	-
g)	consideration - whether cash consideration or share swap or any other form and details of the same;	Cash
h)	cost of acquisition and/or the price at which the shares are acquired;	INR 4.5 Crores
i)	percentage of shareholding / control acquired and / or number of shares acquired;	24%
j)	brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Dynamic IT Solution Private Limited deals in the business of design, develop, trade and supply software, sports & fitness accessories and other sports and fitness products under the brand name "Strauss" Date of Incorporation:31/10/2002 Country in which the acquired entity has presence:India History of last 3 years turnover: 2023-24:INR 27.4 crores 2022-23:INR 23.29 crores 2021-22:INR 19.03 crores

For Brainbees Solutions Limited

NEELAM Digitally signed by NEELAM SITALDAS SITALDAS JETHANI JETHANI Date: 2024.10.21 19:15:06 +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