Brainbees Solutions Limited has informed the Exchange about an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Update on our earlier intimation dated January 31, 2026 bearing reference no. FC/SE/2025-26/80
FIRSTCRY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Income Tax Department's earlier demand of Rs. 31.36 crore against FirstCry (Brainbees Solutions) for Assessment Year 2022-23 has been drastically reduced to Rs. 38.37 lakh after a rectification order. The total income addition of Rs. 93.58 crore was recomputed down to just Rs. 52.54 lakh, effectively wiping out nearly the entire disputed demand. The company had approached the tax authority after the original order dated January 30, 2026, and the authority verified the records and issued the rectification. FirstCry will still be filing an appeal before the Income Tax Appellate Tribunal (ITAT) for the remaining minor amount.
Very positive for shareholders – the massive Rs. 30.98 crore reduction removes a major overhang and potential cash outflow. The stock is likely to react favorably, though the ITAT appeal process continues for the residual demand.