NSESale or disposal4d ago · 16 Oct 2026, 11:50 pm
Sale or disposal
Brainbees Solutions Limited · FIRSTCRY
✦ AI SummaryDivestiture
Brainbees Solutions Limited has extended the timeline for the sale of its 51.54% shareholding in its subsidiary, Mush Textile Private Limited, to Mr. Nihar Gosalia and Mr. Vaishvik Brahmbhatt, from October 15, 2026, to November 30, 2026.
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Full Announcement
Update on our earlier intimation dated October 07, 2026, bearing reference number FC/SE/2026-27/48.
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FC/SE/2026-27/51
October 16, 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 October 07, 2026, bearing reference number FC/SE/2026-27/48
Dear Sir/Ma’am,
This is in furtherance to our intimation dated October 07, 2026, wherein we had informed the Exchanges
that GlobalBees Brands Private Limited (“Globalbees”), a Subsidiary of Brainbees Solutions Limited
(“the Company”), entered into a Memorandum of Understanding (“MoU”) on October 07, 2026, for the
sale of its entire 51.54% shareholding in its Subsidiary, Mush Textile Private Limited (“Mush”),
a Step-down Subsidiary of the Company, to Mr. Nihar Gosalia, an existing shareholder of Mush and
Mr. Vaishvik Brahmbhatt (collectively, the “Purchasers”), who have agreed to acquire 13.45% and 38.09%
of the shareholding, respectively, in Mush, for an aggregate consideration of Rs. 5,68,93,940/-
(Globalbees, Mush and the Purchasers are hereinafter collectively referred to as “Parties”). The aforesaid
transaction was proposed to be completed on or before October 15, 2026.
In this regard, we hereby further wish to inform you that the Company has received an e-mail
communication of even date from Globalbees informing that, the parties to the aforesaid transaction
have, at the request of the Purchasers, executed an addendum to the MoU on today i.e., October 16,
2026, pursuant to which the parties have mutually agreed to extend the timeline for completion of the
proposed transaction from October 15, 2026, to on or before November 30, 2026.
The other terms and conditions of the MoU shall remain unchanged, except as amended by the aforesaid
addendum.
This disclosure will also be hosted on the Company’s website i.e. www.firstcry.com/investor-relations.
We request you to take the same on record.
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