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Mr. Supam Maheshwari was the Chairperson for the last Board Meeting.falsefalseMrSupam Maheshwari01730685Executive DirectorChairpersonCEO-MD1973-10-06falseActiveNA2010-05-172024-04-011010MrSanket Hattimattur09593712Executive DirectorNot Applicable1981-11-13falseActiveNA2022-05-052022-05-051000MrPuneet Renjhen09498488Non-Executive - Nominee DirectorNot Applicable1978-03-27falseActiveNA2024-07-102024-07-103040MsBala C Deshpande00020130Non-Executive - Independent DirectorNot Applicable1966-04-15falseActiveNA2022-05-022022-05-0231.292250MrNeeraj Sagar09475452Non-Executive - Independent DirectorNot Applicable1971-06-07falseActiveNA2022-04-222022-04-2232.092210MrGopalakrishnan Jagadeeswaran02354467Non-Executive - Independent DirectorNot Applicable1968-04-20falseActiveNA2022-05-022022-05-0231.291111MsSujata Bogawat07901334Non-Executive - Independent DirectorNot Applicable1978-09-10falseActiveNA2022-05-022022-05-0231.291121MrPaul Davison08457025Non-Executive - Nominee DirectorNot Applicable1988-04-01falseActiveNA2019-07-152019-07-152024-10-210000OthersMr. Paul Davison (DIN: 08457025) is a foreign national and has no PAN in IndiatruetruetruetrueAudit Committee02354467Gopalakrishnan JagadeeswaranNon-Executive - Independent DirectorChairperson2022-05-02Audit Committee00020130Bala C DeshpandeNon-Executive - Independent DirectorMember2022-05-02Audit Committee09475452Neeraj SagarNon-Executive - Independent DirectorMember2022-05-02Audit Committee07901334Sujata BogawatNon-Executive - Independent DirectorMember2022-05-02Nomination and remuneration committee09475452Neeraj SagarNon-Executive - Independent DirectorChairperson2022-05-02Nomination and remuneration committee00020130Bala C DeshpandeNon-Executive - Independent DirectorMember2022-05-02Nomination and remuneration committee07901334Sujata BogawatNon-Executive - Independent DirectorMember2023-12-16Stakeholders Relationship Committee07901334Sujata BogawatNon-Executive - Independent DirectorChairperson2023-12-16Stakeholders Relationship Committee00020130Bala C DeshpandeNon-Executive - Independent DirectorMember2022-05-02Stakeholders Relationship Committee01730685Supam MaheshwariExecutive DirectorMember2022-05-02Risk Management Committee01730685Supam MaheshwariExecutive DirectorChairperson2022-05-02Risk Management Committee02354467Gopalakrishnan JagadeeswaranNon-Executive - Independent DirectorMember2022-05-02Risk Management Committee09593712Sanket HattimatturExecutive DirectorMember2023-12-16Risk Management Committee99999999Gautam SharmaGroup Chief Financial OfficerMember2022-05-02Dummy DIN is entered since he is not a director of Brainbees Solutions LimitedCorporate Social Responsibility Committee01730685Supam MaheshwariExecutive DirectorChairperson2022-05-02Corporate Social Responsibility Committee09475452Neeraj SagarNon-Executive - Independent DirectorMember2022-05-02Corporate Social Responsibility Committee09593712Sanket HattimatturExecutive DirectorMember2023-12-162024-07-03true7742024-07-051true7632024-07-137true8732024-07-206true8622024-07-309true8732024-08-088true8842024-08-3021true8732024-11-1475true752Audit Committee2024-07-03true4440Audit Committee2024-07-051true4440Audit Committee2024-07-137true4220Audit Committee2024-07-206true4330Audit Committee2024-07-298true4220Audit Committee2024-08-3031true4330Audit Committee2024-11-1475true4440Nomination and remuneration committee2024-07-20true3330truetruetruetrueYestruetruetrueNeelam JethaniCompany Secretary and Compliance OfficerfalseNeelam JethaniCompany Secretary and Compliance OfficerPune2025-02-130181800During the Quarter ended December 2024, Brainbees Solutions Limited (the Company) acquired 0.50% stake in Globalbees Brands Private Limited (Globalbees) by subscribing to the CCPS. Further, Globalbees, a material subsidiary of the Company acquired an additional stake of 24% in Dynamic IT Solution Private Limited (Dynamic IT) and 25% in Kitchenopedia Appliances Private Limited (Kitchenopedia). Accordingly the aggregate holding percentage as on end of previous quarter, acquisition percentage during the quarter and as at the end of the current quarter are with respect to the holding of Globalbees in Dynamic IT and Kitchenopedia. Globalbees Brands Private Limited2024-10-180.50230.0050.5073Dynamic IT Solution Private Limited2024-10-210.510.240.75Kitchenopedia Appliances Private Limited2024-10-290.510.250.76Senior Inspector, Legal Metrology Department, Lahurabir, Varanasi.The Authority determined the compounding fee of Rs. 50,000/- to be paid by the Company.2024-11-16Violation of provisions of Section 18 (1), 36 (1) of Legal Metrology Act, 2009 read with Rule 6 of Legal Metrology (Packaged Commodities) Rules, 2011No financial impact except to the extent of compounding fees paid by the Company.Senior Inspector, Legal Metrology Department, Ballia.The Authority determined the compounding fee of Rs. 50,000/- to be paid by the Company.2024-12-03Violation of provisions of Section 18 (1) of Legal Metrology Act, 2009 read with Rule 6 of Legal Metrology (Packaged Commodities) Rules, 2011No financial impact except to the extent of compounding fees paid by the Company.Inspector, Legal Metrology Department, Office of the Deputy Controller Legal Metrology Flying Squad Pathanamthitta, Kerala.The Authority determined the compounding fee of Rs. 60,000/- to be paid by the Company.2024-12-26Violation of provisions of Section 18 (1), of Legal Metrology Act, 2009 read with Rule 4 (1), 6(1)(d) and 18(1) of Legal Metrology (Packaged Commodities) Rules, 2011No financial impact except to the extent of compounding fees paid by the Company. Entry in row no. 1 and row no. 4 pertains to same subject matter and hence the current status for both the entries is same.Income Tax Department, Pune2024-08-23Notices dated 23.08.2024 requires that ESOP expenses of Rs. 2,76,71,599 /- for A.Y. 2018- 19, Rs. 8,98,57,000/- for A.Y. 2019-20, Rs. 23,13,38,156/- for A.Y. 2020-21 and Rs. 44,38,60,546/- for A.Y. 2021-22 are liable to be disallowed and added back to the total income. Therefore, the company is requested to show cause as to why a notice under section 148 of the Income tax Act, 1961 should not be issued to tax the income escaped from taxation for aforementioned amounts. The Assitant Commissioner of Income Tax had passed an order under section 148A(d) of the Income-tax Act, 1961 (‘the Act’) treating the case of the Company fit for reopening of assessment proceedings and for issuance of notice under section 148 of the Act, for AY 2018-19, AY 2019-20, AY 2020-21, and AY 2021-22. Consequently, a notice was issued under section 148 of the Act for the aforesaid years in case of the Company, and the assessment proceedings were reopened. The Company has filed a writ petition before the Bombay High Court, wherein the validity of reopening of the assessment proceedings has been challenged. Assistant Commissioner of Commercial Taxes, Local GST Office-038, Bangalore. Department of Commercial Taxes, Karnataka 2024-10-20The Department of Commercial Taxes, Karnataka has issued a notice [Form GST DRC 01 (Part A)] for FY 2020-21 to the Company on account of below points: 1. Allegations of excess ITC claimed (3B vs 2A) – INR 95,31,606 2. Allegations of short taxes paid as per Form 09 – INR 3,74,704 3. Interest Liability – INR 81,22,006 The Company had received Form GST DRC-05 pursuant to which the proceedings initiated under section 73 of CGST/SGST Act 2017 has been concluded. In response to excess ITC claimed (3B vs 2A), the Company has reversed IGST of Rs. 29,74,621/- out of input credit ledger and paid IGST of Rs. 56,303/- along with interest of Rs. 44,287/- for short payment of reverse charge mechanism. Except for the above liability, other discrepancies with respect to short taxes paid and interest liability have been resolved and the proceeding initiated under section 73 of CGST/SGST Act 2017 has been dropped basis the explanation and documents furnished by the Company.Assistant Commissioner of Commercial Taxes, Local GST Office-038, Bangalore, Department of Commercial Taxes, Karnataka 2024-10-23The Department of Commercial Taxes, Karnataka has issued a notice [Form GST DRC 01 (Part A)] for FY 2021-22 to the Company on account of below points: 1. Allegations of excess ITC claimed (3B vs 2B) – INR 6079921 2. Allegations of short taxes paid as per Form 09 – INR 1,195 3. Interest Liability – INR 27,66,071The Company had received Form GST DRC-05 pursuant to which the proceedings initiated under section 73 of CGST/SGST Act 2017 has been concluded. The explanations and submissions provided by the Company in response were accepted and found in order by the GST authorities. As a result, the discrepancies have been resolved and proceeding initiated under section 73 of CGST/SGST Act 2017 has been dropped.Income Tax Department Office of the Assistant Commissioner of Income Tax, Central Circle 1(1), Pune2024-10-25On October 25, 2024, the Department has issued notices under section 148 of the Act for the A.Y. 2018-19, A.Y. 2019-20, A.Y. 2020-21 and A.Y. 2021- 22 to make re-assessment/re-computation under Section 147 of Income Tax Act.The ACIT had passed an order under section 148A(d) of the Income-tax Act, 1961 (‘the Act’) treating the case of the Company fit for reopening of assessment proceedings and for issuance of notice under section 148 of the Act, for AY 2018-19, AY 2019-20, AY 2020-21, and AY 2021-22. Consequently, a notice was issued under section 148 of the Act for the aforesaid years in case of the Company, and the assessment proceedings were reopened. The Company has filed a writ petition before the Bombay High Court, wherein the validity of reopening of the assessment proceedings has been challenged.