Brainbees Solutions Limited (FirstCry) has submitted newspaper advertisements for its postal ballot notice to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the submission on April 04, 2026, following its earlier postal ballot notice dated April 03, 2026.

Regulatory Compliance and Advertisement Details

The newspaper advertisements titled 'Notice of Postal Ballot and E-Voting Information' were published in Financial Express (English) and Loksatta (Marathi) newspapers on April 04, 2026. This submission fulfills the company's disclosure obligations under applicable regulations.

The submission was digitally signed by Mandar Joshi, Company Secretary & Compliance Officer, on April 04, 2026, at 14:41:30 +05'30'.

Postal Ballot Process Overview

The postal ballot seeks shareholder approval for appointing Ms. Saloni Jain Rana (DIN: 11489732) as a Director (Non-Executive & Non-Independent) of the company. The remote e-voting process is scheduled from April 05, 2026, at 9:00 A.M. (IST) to May 04, 2026, at 5:00 P.M. (IST).

Key Timeline and Process Details

The company has engaged MUFG Intime India Private Limited to facilitate the electronic voting system for all eligible members. The appointment follows the resignation of Mr. Puneet Renjhen (DIN: 09498488) from the position of Non-Executive Director on February 13, 2026.

Director Appointment Details

Ms. Saloni Jain Rana brings 17 years of investment banking experience and currently serves as Vice President in Partnerships and Alliances at Mahindra & Mahindra Limited. She holds a post-graduate management degree from IIM Indore and a Bachelor of Engineering from V.J.T.I Mumbai.

The appointment requires shareholder approval under Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received a representation letter dated January 13, 2026, from Mahindra & Mahindra Limited nominating Ms. Rana for the position.

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.