Brainbees Solutions Terminates 2023 Inter-Se Shareholder Agreement, Simplifying Promoter Alignment

Brainbees Solutions , the parent of FirstCry, has informed the exchanges that the inter-se agreement executed among specific shareholders on December 26, 2023 has been terminated by mutual consent of all parties, effective November 27, 2025. The disclosure has been made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), indicating the development is material from a shareholder and control perspective rather than an operational one.​

Inter-se agreements typically govern rights and obligations among shareholders, including voting, lock-in, tag-along, and other governance arrangements. With this termination, those specific contractual understandings cease to be in force, subject to any residual rights embedded in other transaction documents. The company has not indicated any change in day-to-day business operations or management structure as a result of this move.​

Key Highlights:

Inter-se agreement dated December 26, 2023 stands terminated effective November 27, 2025.

Termination carried out with consent of all parties to the agreement.

Filed as a material event under Regulation 30 of SEBI LODR.

No explicit disclosure of impact on shareholding or control; operational business remains unchanged.

Seen as a step toward simplifying shareholder arrangements and capital structure transparency.

Sources: NSE India corporate filing, BSE announcements, Brainbees Solutions investor relations documents, draft offer documents and shareholder agreements.