ICICI Prudential Mutual Fund has disclosed crossing the 5% shareholding threshold in Brainbees Solutions Ltd. through a substantial acquisition completed on February 16, 2026. The mutual fund acquired 2,00,210 shares through secondary market purchases, pushing its total stake above the regulatory disclosure requirement under SEBI Takeover Regulations 2011.

Acquisition Details

The transaction resulted in ICICI Prudential Mutual Fund's shareholding increasing from 4.990% to 5.028% of Brainbees Solutions' total paid-up capital. The fund emphasized that this acquisition is purely from an investment perspective and does not indicate any intention to seek controlling interest in the company.

Regulatory Compliance

The disclosure was filed with BSE Limited on February 17, 2026, in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Prashant Bhola, authorized signatory for ICICI Prudential Asset Management Company Limited.

Company Capital Structure

Brainbees Solutions maintains a consistent capital structure with no changes reported following the acquisition:

Market Transaction

The shares were acquired through secondary market purchases, representing a standard institutional investment approach. The acquisition was completed entirely through equity shares carrying voting rights, with no involvement of warrants, convertible securities, or other complex instruments.

The fund confirmed that none of its holdings are subject to encumbrances such as pledges, liens, or non-disposal undertakings. This clean shareholding structure reflects typical mutual fund investment practices focused on maintaining liquidity and flexibility in portfolio management.

Brainbees Solutions Limited (FirstCry) announced key corporate developments following its Board of Directors meeting held on February 13, 2026. The board approved the company's unaudited financial results for the quarter and nine months ended December 31, 2025, and implemented significant changes to its board composition.

Financial Results Approval

The Board of Directors approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025, as recommended by the Audit Committee. The results were prepared in accordance with applicable regulations and reviewed by the company's statutory auditors, M/s. Walker Chandiok & Co. LLP.

Board Composition Changes

The company announced significant changes to its board structure involving the Mahindra & Mahindra Limited nominee position. Mr. Puneet Renjhen resigned from his position as Non-Executive Director, while Ms. Saloni Jain Rana was appointed as his replacement.

Director Resignation

Mr. Puneet Renjhen (DIN: 09498488) tendered his resignation from the position of Non-Executive Director effective February 13, 2026. The resignation was attributed to the recasting of board nomination by Mahindra & Mahindra Limited.

New Director Appointment

Ms. Saloni Jain Rana (DIN: 11489732) was appointed as Non-Executive Additional Director (Nominee of Mahindra & Mahindra Limited) effective February 13, 2026. Her appointment was approved by the Board following recommendations from the Nomination & Remuneration Committee.

Professional Background

Ms. Saloni Jain Rana brings extensive experience to the board, currently serving as Vice President in Partnerships and Alliances at Mahindra and Mahindra Limited. Her responsibilities include driving projects for acquisitions, joint ventures, partnerships, and synergies across various Mahindra Group businesses.

Prior to joining the Mahindra group, she worked at Avendus Capital as Senior Director in the Investment Banking team. Her professional experience spans 17 years in investment banking, where she advised leading companies and private equity funds on:

• Mergers and acquisitions
• Equity fund raises
• Capital market transactions across multiple sectors

Ms. Saloni holds a post-graduate management degree from Indian Institute of Management Indore and a Bachelor of Engineering degree from V.J.T.I Mumbai. The company confirmed that she is not related to any existing director and is not debarred from holding office by any regulatory authority.

Meeting Details

The Board meeting commenced at 03:30 P.M. (IST) and concluded at 04:27 P.M. (IST) on February 13, 2026. All decisions were made in compliance with Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approved information will be hosted on the company's investor relations website at https://www.firstcry.com/investor-relations .