NSEUpdates13 Oct 2026 · 13 Oct 2026, 07:14 pm
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Brainbees Solutions Limited · FIRSTCRY
✦ AI Summary▲ PositiveInsolvency
Brainbees Solutions Limited has informed the Exchange regarding the rejection of an insolvency application filed against its material subsidiary Globalbees Brands Private Limited by the Hon'ble National Company Law Tribunal, New Delhi Bench.
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Brainbees Solutions Limited has informed the Exchange regarding disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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FC/SE/2026-27/49
October 13, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C – 1, Block G, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Bandra (E), Dalal Street,
Mumbai-400051 Mumbai-400001
Symbol: FIRSTCRY 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: Our earlier intimation dated June 17, 2025, bearing reference number FC/SE/2025-26/20
Dear Sir/Ma’am,
This is in furtherance to our intimation dated June 17, 2025, wherein we had informed that
Ashutosh Garg, Paritosh Garg and Manju Agarwal, have jointly filed an application under Section 7 of the
Insolvency and Bankruptcy Code, 2016 (“IBC”) read with Rule 4 of the Insolvency and Bankruptcy
(Application to Adjudicatory Authority) Rules, 2016 (“Application”) against Globalbees Brands Private
Limited (“Globalbees”), a material subsidiary of Brainbees Solutions Limited (“Company”), before the
Hon’ble National Company Law Tribunal, New Delhi Bench (“Hon’ble NCLT”), for an alleged claim amount
of INR 64,92,38,997/- along with interest at the rate of 18% p.a. accruing from May 9, 2025 until the date
of actual payment.
In this regard, we hereby wish to inform that the Company is in receipt of an e-mail communication of an
even date from Globalbees informing that Hon’ble NCLT, vide its order pronounced on October 09, 2026
and uploaded on the website of Hon’ble NCLT on today i.e. October 13, 2026, has rejected the application
filed by the aforesaid parties under Section 7 of the IBC, and accordingly has dismissed the matter.
Kindly take the above on your record and acknowledge receipt of the same.
Thanking you,
For Brainbees Solutions Limited
Mandar Joshi
Company Secretary & Compliance Officer
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