Transaction Overview

GlobalBees Brands Private Limited ("GlobalBees"), a subsidiary of Brainbees Solutions Limited ("the Company"), entered into a Memorandum of Understanding on October 7, 2026, for the sale of its entire 51.54% shareholding in Mush Textile Private Limited ("Mush"), which is a subsidiary of GlobalBees and a step-down subsidiary of the Company.

Upon completion of the transaction, Mush will cease to be a subsidiary of GlobalBees and consequently will no longer be a step-down subsidiary of Brainbees Solutions Limited.

Financial Impact Assessment

Financial Contribution of Mush (FY 2025-26):

  • Turnover/Revenue/Income Contribution: ₹11.34 Crore (0.13% of total)
  • Net Worth Contribution: ₹2.09 Crore (0.04% of total)

Note: The transaction involves the brands "Mush" and "BePlush," which are sold through multiple subsidiaries of GlobalBees. The combined turnover for these brands across all such subsidiaries was approximately ₹16.12 Crore in financial year 2025-26.

Transaction Details

  • Agreement Date: October 7, 2026 (Memorandum of Understanding executed)
  • Expected Completion Date: On or before October 15, 2026
  • Share Transfer Mechanism: Shares shall be transferred by GlobalBees upon receipt of the entire sale consideration
  • Consideration: Aggregate consideration of ₹5,68,93,940 (₹5.69 Crore) for the sale of stake in Mush

Financial Implications

The sale consideration receivable by GlobalBees exceeds the cost of acquisition of its investment in Mush. Accordingly, GlobalBees will recognize the resultant capital gain and discharge the applicable capital gain tax thereon.

Buyer Information

The proposed buyers are:

  • Mr. Nihar Gosalia: Existing shareholder of Mush, agreed to acquire 13.45% shareholding
  • Mr. Vaishvik Brahmbhatt: Agreed to acquire 38.09% shareholding

Mr. Nihar Gosalia is not related to any of the promoter/promoter group/group companies except through his shareholding and directorship in Mush. Mr. Vaishvik Brahmbhatt is not related to any of the group companies.

Additional Information

This disclosure is made in compliance with SEBI Master Circular dated January 30, 2026 (Reference No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026). The disclosure will be hosted on the company's website at www.firstcry.com/investor-relations.