FirstCry Allots 8,143 Equity Shares Under Employee Stock Option Plan Exercise

Brainbees Solutions Limited (FirstCry) has announced the allotment of equity shares under its Employee Stock Option Plans (ESOPs), marking another milestone in its employee benefit initiatives. The company's Nomination and Remuneration Committee approved the allotment on March 27, 2026, pursuant to regulatory requirements under SEBI Listing Regulations and SEBI Share Based Employee Benefits Regulations.

ESOP Allotment Details

The committee approved the allotment of 8,143 equity shares of face value Rs. 2 each under Employee Stock Option Plan 2011 and the transfer of 3,12,415 equity shares under Brainbees Employees Stock Option Plan 2022. The exercise was conducted through both cash exercise and cashless exercise methods against vested options exercised by eligible employees.

Parameter:	ESOP 2011 Details
Shares Allotted:	8,143
Face Value:	Rs. 2 per share
Money Realized:	Rs. 72,663.40
Options Lapsed:	12,67,321
Vested Options Remaining:	1,25,377

Exercise Price Structure

The options were exercised at varying price points, reflecting different grant periods and market conditions at the time of grant.

Exercise Price (Rs.):	Premium (Rs.):	Number of Securities:
7.44	5.44	1,980
9.40	7.40	6,163
Total		8,143

Impact on Share Capital

Following the allotment, the company's paid-up share capital increased from Rs. 1,04,40,83,968 to Rs. 1,04,41,00,254. The total issued shares after this allotment stand at 52,20,50,127. The diluted earnings per share pursuant to the share allotment is Rs. 0.885, calculated based on Q3FY26 earnings.

Regulatory Compliance and Share Rights

The allotment complies with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Regulation 10(c) of SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021. The newly allotted equity shares rank pari-passu with existing equity shares in all respects and are not subject to any lock-in restrictions.

For cashless exercise transactions, the Trust is authorized to sell shares on behalf of option holders to recover exercise price and tax amounts from the exercised options. The company has filed the necessary disclosures with NSE and BSE, receiving in-principle approvals on December 11, 2024.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.47%	+4.54%	+6.31%	-40.91%	-39.79%	-67.05%

Brainbees Solutions (FirstCry) has received substantial relief from the Income Tax Department following a rectification order that dramatically reduced its tax demand for Assessment Year 2022-23. The company informed stock exchanges on March 24, 2026, about this significant development that brings down its tax liability from over Rs. 31 crore to less than Rs. 39 lakh.

Major Reduction in Tax Demand

The Assistant Commissioner of Income Tax, Central Circle 1(1), Pune issued a rectification order following an application made by the company and subsequent verification of case records. This rectification has resulted in a substantial financial relief for the e-commerce major.

Parameter:	Original Demand	Revised Demand	Reduction
Tax Demand Amount:	Rs. 31,36,30,330/-	Rs. 38,37,210/-	Rs. 30,97,93,120/-
Total Income (Recomputed):	-	Rs. 52,54,110/-	-
Assessment Year:	2022-23	2022-23	-

Background of the Assessment

The original assessment order was issued on January 30, 2026, which included an addition of Rs. 93,57,99,520/- to the company's total income for AY 2022-23. FirstCry had previously informed the exchanges about this development through an intimation dated January 31, 2026. The company's proactive approach in seeking rectification through proper channels has now yielded positive results.

Company's Response and Future Course

Despite receiving this significant relief, FirstCry has indicated its intention to file an appeal before the Income Tax Appellate Tribunal (ITAT) in due course. The company emphasized its commitment to maintaining high standards of integrity, corporate governance, and compliance across all operational aspects, including prompt tax payments.

Regulatory Compliance

The intimation was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Mandar Joshi signed the communication, ensuring proper regulatory disclosure to both NSE and BSE.

This development represents a significant positive outcome for FirstCry, substantially reducing its immediate tax liability while the company continues to pursue further legal remedies through the appellate process.