News Corporate Actions FirstCry Allots 1,35,024 Equity Shares Through Employee Stock Option ExerciseFirstCry Allots 1,35,024 Equity Shares Through Employee Stock Option Exercise
Brainbees Solutions Limited (FirstCry) completed the allotment of 27,825 equity shares and transfer of 1,07,199 shares through ESOP exercise on February 03, 2026, totaling 1,35,024 shares across three employee stock option plans. The transaction increased the company's paid-up share capital to Rs. 1,04,40,83,968, with exercises conducted at varying prices ranging from Rs. 2 to Rs. 15.44 per share. The newly issued shares rank pari-passu with existing equity shares and carry no lock-in restrictions.
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Firstcry (Brainbees Solutions) has completed the allotment and transfer of 1,35,024 equity shares through the exercise of Employee Stock Options (ESOPs) on February 03, 2026. The Nomination and Remuneration Committee approved the allotment of 27,825 equity shares and transfer of 1,07,199 equity shares of face value Rs. 2 each, fully paid up.
ESOP Exercise Breakdown
The share allotment and transfer were executed across three employee stock option plans:
| Plan | Allotment | Transfer | Total |
|---|---|---|---|
| BBESOP 2011 | 4,825 shares | - | 4,825 shares |
| BBESOP 2022 | 23,000 shares | 97,837 shares | 1,20,837 shares |
| BBESOP 2023 | - | 9,362 shares | 9,362 shares |
| Total | 27,825 shares | 1,07,199 shares | 1,35,024 shares |
The exercises were conducted through both cash exercise and cashless exercise methods. Under the cashless exercise option, the Trust is authorized to sell shares on behalf of option holders to recover exercise price and tax amounts.
Financial Impact and Exercise Pricing
The share allotment resulted in an increase of the company's paid-up share capital from Rs. 1,04,40,28,318 to Rs. 1,04,40,83,968. The total issued shares after this allotment stand at 52,20,41,984.
| Exercise Details | BBESOP 2011 | BBESOP 2022 |
|---|---|---|
| Exercise Price | Rs. 7.44 - Rs. 15.44 per share | Rs. 2.00 per share |
| Money Realized | Rs. 51,898 | Rs. 46,000 |
| Shares Exercised | 4,825 | 23,000 |
Under BBESOP 2011, the exercise involved 2,825 shares at Rs. 7.44 per share and 2,000 shares at Rs. 15.44 per share.
Outstanding Options and Vesting Status
As of the exercise date, significant options remain vested under both active plans:
- BBESOP 2011: 1,33,520 options vested (excluding exercised/relinquished options)
- BBESOP 2022: 1,34,56,931 options vested (excluding exercised options)
The plans have also seen substantial lapses, with 12,67,321 options lapsed under BBESOP 2011 and 6,02,478 options lapsed under BBESOP 2022.
Regulatory Compliance and Share Rights
The allotment was conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company received in-principle approvals from both NSE and BSE in December 2024.
The newly allotted and transferred equity shares rank pari-passu with existing equity shares in all respects and are not subject to any lock-in restrictions. The diluted earnings per share following the exercise stands at Rs. 0.595, calculated based on H1FY26 earnings.
Historical Stock Returns for Firstcry (Brainbees Solutions)
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | -0.64% | -6.83% | -22.45% | -42.45% | -60.24% |
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