Brainbees Solutions Limited (FirstCry) has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The filing was made on April 09, 2026, through the company's registrar and share transfer agent, MUFG Intime India Private Limited.

Regulatory Compliance Filing Details

The certificate submission confirms the company's adherence to dematerialisation processes and regulatory requirements for the fourth quarter of fiscal year 2026. MUFG Intime India Private Limited issued the confirmation certificate on April 02, 2026, which was subsequently filed with stock exchanges.

Depositories Compliance Confirmation

MUFG Intime India Private Limited, formerly Link Intime India Private Limited, confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed within prescribed timelines. The registrar verified that security certificates received for dematerialisation were confirmed or rejected appropriately, with proper substitution of depository names in the register of members.

Key Compliance Aspects

The certificate was signed by Ashok Shetty, Senior Vice President – Corporate Registry at MUFG Intime India Private Limited. This quarterly filing demonstrates FirstCry's continued compliance with SEBI depositories regulations and proper maintenance of shareholder records through its registrar and transfer agent.

Firstcry (Brainbees Solutions) has announced that its material subsidiary Globalbees Brands Private Limited has completed the acquisition of an additional stake in Candes Technology Private Limited. The transaction, finalized on March 31, 2026, significantly strengthens Globalbees' control over the electronics company.

Acquisition Details

The acquisition was executed through a cash transaction worth INR 37,250, allowing Globalbees to purchase a 30% additional shareholding from existing shareholders of Candes Technology. This strategic move was conducted under the Securities Subscription and Purchase Agreement originally signed on March 31, 2022.

Target Company Profile

Candes Technology Private Limited, incorporated on January 25, 2021, operates in the electronics sector, dealing with electrical instruments and audio-visual goods under the "Candes" brand name. The company has experienced a declining revenue trend over the past three years, reflecting challenges in its business operations.

Current Financial Position

The latest financial parameters for 2024-25 reveal significant operational challenges for Candes Technology:

Strategic Implications

The acquisition represents Globalbees' commitment to strengthening its position in the electronics segment despite Candes Technology's current financial challenges. The company confirmed that this transaction does not constitute a related party transaction, and no governmental or regulatory approvals were required for completion.

Corporate Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Mandar Joshi, Company Secretary and Compliance Officer of Brainbees Solutions Limited, ensuring full regulatory compliance for the transaction.