Brainbees Solutions has informed that GlobalBees Brands, a Subsidiary of Brainbees Solutions, entered into a Memorandum of Understanding (MoU) on October 07, 2026, for the sale of its entire 51.54% shareholding in its Subsidiary, Mush Textile (Mush), a Step-down Subsidiary of the Company, to Nihar Gosalia, an existing shareholder of Mush and Vaishvik Brahmbhatt (collectively, the Purchasers), who have agreed to acquire 13.45% and 38.09% of the shareholding, respectively, in Mush, for an aggregate consideration of Rs 5,68,93,940 (Globalbees, Mush and the Purchasers are hereinafter collectively referred to as Parties). The aforesaid transaction was proposed to be completed on or before October 15, 2026. In this regard, the Company has received an e-mail communication of even date from Globalbees informing that, the parties to the aforesaid transaction have, at the request of the Purchasers, executed an addendum to the MoU on today, October 16, 2026, pursuant to which the parties have mutually agreed to extend the timeline for completion of the proposed transaction from October 15, 2026, to on or before November 30, 2026. The other terms and conditions of the MoU shall remain unchanged, except as amended by the aforesaid addendum. This disclosure will also be hosted on the Company’s website, www.firstcry.com/investor-relations.
The above information is a part of company’s filings submitted to BSE.
