Firstcry has announced a restructuring deal where it will acquire additional shares in its subsidiary, Swara Baby Products Private Limited (Swara Baby), in consideration of shares of Solis Hygiene Private Limited (Solis Hygiene). This will streamline the company’s hygiene segment and is part of an intra-group restructuring initiative. The transaction is expected to be completed by December 31, 2025.
Strategic Business Reorganization
Firstcry is undertaking an internal restructuring focused on its subsidiaries, Swara Baby and Solis Hygiene. This restructuring aims to consolidate the hygiene vertical under a unified operational structure.
Details of the Transaction
As part of this reorganization, Firstcry will acquire additional equity shares in Swara Baby, increasing its stake from 75.92% to 76.59%. The consideration for this acquisition involves shares of Solis Hygiene.
Solis Hygiene will become a step-down subsidiary of Firstcry through this process, with Firstcry holding indirect control. The transaction is expected to close on or before December 31, 2025.
Rationale for the Restructuring
The primary goal of this restructuring is to bring the complete hygiene vertical under a single, focused unit. Firstcry believes this will enhance financial reporting by consolidating the performance of the hygiene segment and improving overall operational efficiencies.
Leadership Changes
Effective December 26, 2025, Ms. Neha Surana has resigned from her position as Company Secretary & Compliance Officer but will remain with the company in the Secretarial Team.
Effective December 27, 2025, Mr. Mandar Joshi has been appointed as the new Company Secretary & Compliance Officer and Key Managerial Personnel (KMP).
Source: BSE
