FirstCry announced the termination of an agreement among certain shareholders, effective November 27, 2025. The agreement, designed to maintain Indian ownership compliance, was terminated because a key condition—resident bloc ownership exceeding 60%—has been met. All parties consented to the termination.
Shareholder Agreement Ends
FirstCry has announced the termination of an agreement (the “Inter-se Agreement”) among key shareholders. The agreement, originally established to ensure compliance with Indian ownership regulations, is no longer required due to the fulfillment of specific conditions.
Reason for Termination
The agreement’s termination is triggered by the condition that the resident bloc collectively holds more than 60% of the company’s issued and outstanding share capital. This condition has been met, rendering the agreement unnecessary.
Effective Date
The termination of the Inter-se Agreement is effective as of November 27, 2025. All parties involved have provided their consent, leading to the agreement’s formal termination.
Source: BSE