Brainbees Solutions Limited has informed the Exchange regarding Business Responsibility and Sustainability Report for the financial year 2024-25
FIRSTCRY · price
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Brainbees Solutions (parent of FirstCry) has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 as part of its Annual Report, pursuant to SEBI LODR Regulation 34(2)(f). The report covers the company's ESG disclosures including 288 offices (10 warehouses, 275 stores, 3 offices) and 6,326 employees across India, with a reported turnover of Rs. 2,470.86 crore and net worth of Rs. 6,046.62 crore. The company identifies 14 material ESG issues ranging from energy and emission management, waste management, climate change, and human capital to privacy and data security, corporate governance, and business ethics. Reasonable assurance on BRSR Core Indicators was provided by Vinay & Keshava LLP. The report also discloses multiple regulatory actions including Legal Metrology compounding fees, Income Tax show cause notices on ESOP expenses (challenged in Bombay High Court), and consumer dispute cases.
This is a routine SEBI-mandated ESG disclosure with no direct material impact on shareholders. However, the increased customer complaints (7,674 vs 4,828 in FY24) and rising employee turnover (49.87% vs 45.16%) warrant attention. The ongoing tax litigation regarding ESOP expense disallowance across multiple assessment years is a pending concern, though the company is actively contesting it.