Brainbees Solutions Limited — Capital/Financing Update 2024

Oct 18, 2024

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FC/SE/2024-25/18 October 18, 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 1: Intimation of acquisition of Series C1 Compulsorily Convertible Preference Shares of the GlobalBees Brands Private Limited, a material subsidiary of the Brainbees Solutions Limited (“the Company”) upon conversion of convertible loan

Ref 2: As per the use of proceeds mentioned in Prospectus of the Company dated August 8, 2024

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 the Company has subscribed to 1,674 Series C1 Compulsorily Convertible Preference Shares (‘CCPS’) of face value of INR 5/- (Rupees Five only) of its material subsidiary, namely Globalbees Brands Private Limited pursuant to the conversion of convertible loan obtained from the Company. This is as per the use of proceeds provided under our Prospectus dated August 8, 2024.

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.	Det	ails of event		Inform	ation of such event
a)	a)	name of the tarsuch as size, tur	get entity, denover etc.;	tails in brief	GlobalBees BraLatest Financia(Consolidated)	:	nds Private Limited
							l Parameters
					Turnover: INR 1209.35 croresNet worth: INR 1095.89 crores

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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----- Start of picture text ----- Sr. No. Details of event Information of such eventb) whether the acquisition would fall within Yes, the same is at arm’s length and therelated party transaction(s) and whether group companies have no interest inthe promoter/ promoter group/ group Globalbees Brands Private Limited.companies have any interest in theentity being acquired? If yes, nature ofinterest and details thereof and whetherthe same is done at “arm’s length”;c) industry to which the entity being Consumer Goodsacquired belongs;d) objects and impact of acquisition The Company has subscribed to 1,674(including but not limited to, disclosure Series C1 Compulsorily Convertibleof reasons for acquisition of target Preference Shares of its materialentity, if its business is outside the main subsidiary, namely Globalbees Brandsline of business of the listed entity); Private Limited pursuant to theconversion of convertible loan obtainedfrom the Company. This is pursuant tothe use of proceeds provided in theProspectus of the Company dated August8, 2024.e) brief details of any governmental or NAregulatory approvals required for theacquisition;f) indicative time period for completion of NAthe acquisition;g) consideration - whether cash Conversion of convertible loan. This isconsideration or share swap or any other pursuant to the use of proceeds providedform and details of the same; in the Prospectus of the Company datedAugust 8, 2024.h) cost of acquisition and/or the price at INR 84.84 Croreswhich the shares are acquired;i) percentage of shareholding / control Percentage of shareholding acquired isacquired and / or number of shares 0.5% on fully diluted basis and theacquired; Company will hold 100% of Series C1CCPS.j) brief background about the entity GlobalBees Brands Private Limited dealsacquired in terms of products/line of in various consumer segments includingbusiness acquired, date of incorporation, beauty, home care, personal care,history of last 3 years turnover, country nutrition and wellness, fashion jewellery,in which the acquired entity has eyewear, health and fitness, sports,presence and any other significant home and kitchen appliances, etc.information (in brief);----- 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

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Date of Incorporation: 03/05/2021 Country in which the acquired entity has presence: India History of last 3 years turnover (on Consolidated basis): 2023-24: INR 1209.35 crores 2022-23: INR 897.18 crores 2021-22: INR 103.98 crores

For Brainbees Solutions Limited

NEELAM Digitally signed by NEELAM SITALDAS SITALDAS JETHANI JETHANI Date: 2024.10.18 19:40:24 +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