Brainbees Solutions Limited’s board has approved the sale of shares worth up to Rs 3,000 million in the proposed Initial Public Offering (IPO) of its subsidiary, Swara Baby Products Limited. The decision, taken on July 01, 2026, allows the company to participate in the Offer for Sale (OFS) of equity shares with a face value of Rs 2 each. This move is part of the fund-raising initiative by Swara Baby, subject to market conditions and necessary regulatory approvals.

The board’s approval permits the sale of up to such number of equity shares held by Brainbees Solutions Limited that aggregate to the specified amount. The final figure is subject to revisions permissible under applicable law. The IPO process requires clearances from the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of India Limited, among other regulatory authorities.

Despite the divestment, Swara Baby Products Limited will continue to be a subsidiary of Brainbees Solutions Limited. The company stated that this structure complies with the provisions of applicable regulations. The price band and other specific details regarding the proposed IPO are yet to be determined and will be announced by the competent body in due course.

The transaction is contingent upon commercial considerations and the receipt of all statutory approvals. Brainbees Solutions has informed the exchanges regarding this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Firstcry (Brainbees Solutions) has extended the timeline for a proposed investment of up to AED 34 Million in its subsidiary Firstcry Management DWC LLC to July 31, 2026, due to procedural delays. The funds, sourced from Initial Public Offer (IPO) proceeds, are designated for business expansion, including a further investment of up to SAR 22 Million in Firstcry Trading Company in the Kingdom of Saudi Arabia and the balance in Firstcry Retail DWC LLC in the United Arab Emirates. This extension revises the previous deadline of June 30, 2026, which was communicated to the exchanges earlier.

Investment Details

The disclosure was submitted to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Mandar Chintaman Joshi, Company Secretary & Compliance Officer of Firstcry.