Brainbees Solutions Limited (FirstCry) has released its monitoring agency report for the quarter ended March 31, 2026, confirming the efficient utilization of funds raised through its public issue. The report highlights that all expenditures are strictly in alignment with the objects stated in the offer document, with no deviations observed. As of the end of the quarter, the company has utilized INR 919.469 crore against the net proceeds of INR 1,601.735 crore.
Financial Utilization Overview
The monitoring agency, ICRA Limited, has confirmed that Brainbees Solutions Limited has maintained complete adherence to its planned utilization of issue proceeds. With a total net proceeds target of INR 1,601.735 crore, the company successfully utilized INR 80.152 crore during the quarter ended March 31, 2026. The cumulative utilization reached INR 919.469 crore, leaving an unutilized balance of INR 746.531 crore which is currently deployed in various financial instruments.
Breakdown of Expenditure
The company continues to invest across its core strategic areas, including the ‘BabyHug’ brand, physical store expansion, and warehouse development. Significant investments were directed toward subsidiary operations, specifically Digital Age, FirstCry Trading, and Globalbees Brands. Furthermore, the company has deployed INR 270.657 crore toward General Corporate Purposes (GCP) to support ongoing growth initiatives, including sales and marketing efforts and technological infrastructure, such as cloud and server hosting costs.
Strategic Deployment of Funds
To ensure liquidity and yield, the company has invested the unutilized portion of the proceeds into secure, interest-bearing instruments. As of March 31, 2026, the total amount invested in fixed deposits stands at INR 858.263 crore, with a cumulative market value of INR 864.980 crore. These investments are held with reputed institutions like HDFC Bank and Kotak Bank, with maturity dates extending into 2027. The company continues to report that all projects are proceeding on schedule, with no delays noted in the implementation of the defined objects.
Source: BSE
