Brainbees Solutions (FirstCry) received a monitoring agency report from ICRA regarding the utilization of proceeds from its public equity issuance for the quarter ended September 30, 2025. The report indicates that the use of funds is aligned with the stated objectives of the issuance, and no deviations were observed. ICRA’s monitoring confirms appropriate deployment as of the report date.
Proceeds Utilization Monitoring
A monitoring report from ICRA confirms that Brainbees Solutions (FirstCry) has utilized the proceeds from its equity issuance in accordance with the disclosed objectives. The report, dated November 14, 2025, covers the period ending September 30, 2025. No deviations were reported, indicating alignment with the company’s financial plans.
Expenditure Overview
The monitoring report provides a breakdown of expenditure. Major components include:
- Expenditure by the Company: ₹108.100 Crore
- Investment in Subsidiary, Digital Age for: ₹299.600 Crore
- Investment in Subsidiary, FirstCry Trading: ₹155.600 Crore
- Investment in Subsidiary, Globalbees Brands: ₹169.000 Crore
Progress on Objectives
The report details the progress on various objectives, including setting up new modern stores and investments in subsidiaries. Key figures include:
- Expenditure for lease payments for existing identified modern stores: ₹56.203 Crore
- Investment in Subsidiary, Digital Age for: ₹191.607 Crore
- Investment in Subsidiary, FirstCry Trading for overseas expansion: ₹146.553 Crore
General Corporate Purpose
The report also highlights the utilization of funds for general corporate purposes, totaling ₹217.084 Crore. Significant allocations include:
- IHC – Dubai-Investment (Q2 FY2025): ₹114.293 Crore
- IHC – Dubai-Investment (Q1 FY2026): ₹75.840 Crore
Unutilized Proceeds
As of September 30, 2025, the total unutilized amount from the issuance was ₹938.044 Crore. These funds are primarily invested in fixed deposits and are generating returns for the company. The total amount invested is ₹1012.319 Crore with total earnings of ₹18.916 Crore.
Source: BSE