Brainbees Solutions Ltd, the parent company of FirstCry, has confirmed that the search and seizure operation conducted by the Bureau of Indian Standards (BIS) at one of its warehouses in Bengaluru on May 26 has not impacted its operations. The company maintains that it has no reason to believe that the seized products are non-compliant with BIS regulations.
Key Highlights:
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Regulatory Action: BIS conducted a search and seizure operation at a Brainbees warehouse in Bengaluru.
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Seized Goods: Authorities confiscated ₹9 million worth of products, citing potential regulatory concerns.
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Company Statement: Brainbees Solutions clarified that the investigation has not disrupted its operations or supply chain.
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Compliance Assurance: The company asserts that it adheres to all BIS regulations and is cooperating with authorities.
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Financial Performance: Despite the regulatory scrutiny, Brainbees reported 15% YoY revenue growth in Q4 FY25, reaching ₹1,930 crore.
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Market Impact: FirstCry’s stock remained stable, trading at ₹376.5 per share, reflecting investor confidence.
Brainbees Solutions continues to cooperate with authorities, ensuring compliance with industry standards while maintaining business continuity.
Source: YourStory, Brainbees Solutions