FIRSTCRY: MATERIAL SUBSIDIARY GLOBALBEES ACQUIRES 14.23% STAKE IN JW BRANDS FOR RS 18.68 CR

• Globalbees Brands Pvt Ltd, material subsidiary of Brainbees Solutions, bought 14.23% additional shareholding from other existing shareholders of JW Brands • Cash consideration of ₹18.68 Cr; Globalbees stake in the step-down subsidiary rises from 75.10% to 89.33% • JW Brands sells watches and jewellery under brands Joker & Witch, Bewitched and Teejh • FY26 turnover ₹105.53 Cr and net worth ₹40.14 Cr; turnover was ₹97.32 Cr in FY25 and ₹57.68 Cr in FY24 • Acquisition completed on October 30, 2026; no governmental or regulatory approvals required

Brainbees Solutions Ltd

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