Brainbees Solutions Limited has informed the Exchange about the extension in the timeline for remittance of the initial subscription amount in Swara Corp., USA, a wholly owned subsidiary ....
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Brainbees Solutions Limited (FirstCry) has disclosed a further extension of the deadline for remitting the initial subscription amount in Swara Corp., USA. The capital subscription of 10,000 shares at $1.00 per share (totaling $10,000) was originally due by February 28, 2026, then extended to April 30, 2026, and is now being pushed further to June 30, 2026. The delay is attributed to procedural reasons in the USA. Swara Corp. is a step-down wholly owned subsidiary incorporated in Delaware, USA on December 8, 2025.
This is a routine administrative disclosure with no material impact on the company's financials or operations. The US expansion via this subsidiary structure remains on track, just with delayed capital infusion due to procedural formalities.