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.

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.

Exercise Price Structure

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

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.