BSECompany Update19h ago · 30 Oct 2026, 07:50 pm
Brainbees Solutions Limited has informed the Exchange about acquisition of additional stake in JW Brands Private Limited by Globalbees Brands Private Limited, material subsidiary of the Company
Brainbees Solutions Ltd · 544226
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Brainbees Solutions Ltd has informed the Exchange about acquisition of additional stake in JW Brands Private Limited by Globalbees Brands Private Limited, a material subsidiary of the Company.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Brainbees Solutions Ltd - 544226 - Announcement under Regulation 30 (LODR)-Acquisition
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FC/SE/2026-27/52
October 30, 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: Intimation of acquisition made by Globalbees Brands Private Limited, a material subsidiary of
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, we hereby inform that
pursuant to the Shareholders Agreement dated July 21, 2022, Globalbees Brands Private Limited
(“Globalbees”), a material subsidiary of the Company, has today acquired additional stake in JW Brands
Private Limited, a step-down subsidiary of the Company.
The details as required under SEBI Master Circular dated January 30, 2026, bearing reference no.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, are given as under: -
Sr. No. Particulars JW Brands Private Limited
1. Name of the target entity, details in brief JW Brands Private Limited (“JW Brands”), was
such as size, turnover etc.; incorporated in India on February 07, 2020, and is
engaged in the business of selling watches and
jewellery under the brands “Joker & Witch”,
“Bewitched” and “Teejh”.
History of last 3 years’ turnover:
2025-26: INR 105.53 Crores
2024-25: INR 97.32 Crores
2023-24: INR 57.68 Crores
Latest Financial Parameters:
FY 2025-26:
Turnover: INR 105.53 Crores
Net worth: INR 40.14 Crores
2. Whether the acquisition would fall within Yes, the same will be at arm’s length and the
related party transaction(s) and whether group companies and the Directors & KMP have
the promoter/ promoter group/ group no interest in JW Brands except to the extent of
companies have any interest in the entity their shareholding and common directorship.
being acquired? If yes, nature of interest
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
and details thereof and whether the same is
done at “arm’s length”;
3. Industry to which the entity being acquired Jewellery and Fashion Accessories
belongs;
4. Objects and impact of acquisition (including Globalbees has acquired 14.23% additional
but not limited to, disclosure of reasons for shareholding from other existing shareholders of
acquisition of target entity, if its business is JW Brands, the existing subsidiary of Globalbees.
outside the main line of business of the Pursuant to the said transaction, the shareholding
listed entity); of Globalbees has been increased from 75.10% to
89.33% in JW Brands.
5. Brief details of any governmental or NA
regulatory approvals required for the
acquisition;
6. Indicative time period for completion of the October 30, 2026
acquisition;
7. Consideration - whether cash consideration Cash
or share swap or any other form and details
of the same;
8. Cost of acquisition and/or the price at which INR 18.68 Crore
the shares are acquired;
9. Percentage of shareholding / control The percentage of additional shareholding
acquired and / or number of shares acquired is 14.23%.
acquired;
10. Brief background about the entity acquired Provided in Point 1 of this table.
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);
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