Billionbrains Garage Ventures Limited , trading as Groww, has scheduled its 8th Annual General Meeting (AGM) for Monday, August 24, 2026. The meeting will commence at 2:00 P.M. (IST) and be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM). This digital format ensures shareholders can participate remotely while the company transacts business as outlined in the AGM notice, including the approval of financial results for FY25.

The announcement was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The public notice was published in Financial Express (all English editions) and Kannada Prabha (Kannada language) on July 30, 2026. The company emphasized that the AGM will be held in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs (MCA), including General Circular No. 03/2025 dated September 22, 2025.

Meeting Details and Participation

The deemed venue for the AGM is the company’s registered office in Bengaluru. However, members will not be physically present at a common venue. Instead, participation will be entirely digital. The Notice of the AGM, along with the Annual Report for Financial Year 2025-26, was sent electronically to members who have registered their email addresses with the company, National Securities Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL), or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited (MIPL).

For shareholders who have not registered their email addresses, a letter containing a weblink to access the AGM notice and annual report has been dispatched. These documents are also available on the company’s website ( www.groww.in ), the websites of BSE and NSE, and the RTA’s portal.

E-Voting and Registration Procedures

Groww is providing a remote e-voting facility to all members to cast votes on resolutions set out in the AGM notice. Additionally, voting can be done during the AGM via the e-voting system. Members attending through VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013.

The Board has appointed MUFG Intime India Private Limited as the e-voting agency. Members holding shares in demat or physical form as on Monday, August 17, 2026 (the cut-off date), are entitled to cast their vote. Remote e-voting shall commence on Thursday, August 20, 2026, at 9:00 A.M. (IST) and end on Sunday, August 23, 2026, at 5:00 P.M. (IST).

Shareholders holding shares in demat mode are advised to register their email addresses with their Depository Participants (DPs). Those without registered emails can obtain login details by sending a signed request letter with DPID-CLID, PAN, and Aadhaar copies to the designated investor helpdesk emails. Physical share holders must submit specific forms to MIPL to register their contact details.

Billionbrains Garage Ventures Ltd reported a consolidated net profit of ₹735.04 crore for the quarter ended June 30, 2026, representing a 7% increase from the previous quarter. Total income for Q1FY27 stood at ₹1,548.67 crore, while revenue from operations reached ₹1,501.42 crore. The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on July 15, 2026. Following the announcement, the company made the audio recording of the earnings conference call held on July 15, 2026, available on its website.

Financial Performance

The company’s profit before tax for the period was ₹992.27 crore, with a total tax expense of ₹257.23 crore. Basic earnings per share for Q1FY27 were ₹1.19, compared to ₹1.11 in the previous quarter. EBITDA for the quarter rose to ₹971 crore, a 3% QoQ increase and a 101% YoY growth.

Operational Highlights

Total transacting users reached 2.2 crore, a 4% QoQ increase, while active users stood at 1.7 crore. Total customer assets grew to ₹3.6 lakh crore, up 22% QoQ. The company reported a PAT margin of 47.5%, a YoY expansion of 7.6 percentage points, driven by operating leverage across cost buckets.

Management Commentary

During the Q1 FY27 earnings conference call, management highlighted that the company is transitioning from an execution platform to a true wealth management company. Key focus areas include the launch of new products such as bonds and US stocks via the GIFT City route. The company secured SEBI and CCI approvals for its partnership with State Street Global Advisors. Management noted that employee expense increases were primarily due to the appraisal cycle in April rather than significant headcount additions. The Margin Trading Funding (MTF) book continues to grow, with yields improving approximately 5% year-on-year.

Corporate Actions

The Board approved the reclassification of the authorised share capital from ₹5,000 crore divided into 2,332.50 crore equity shares and 33.50 crore preference shares to ₹5,000 crore divided into 2,500 crore equity shares. This change is subject to shareholders' approval. Additionally, the Board appointed M/s. Ernst & Young LLP as the internal auditor for the financial year 2026-27.

IPO Fund Utilisation

The company, which listed its shares on NSE and BSE on November 12, 2025, has utilised ₹862.29 crore of the net IPO proceeds of ₹1,015.98 crore as of June 30, 2026. The funds were primarily allocated towards cloud infrastructure, brand building, and investments in material subsidiaries such as Groww Creditserv Technology Private Limited and Groww Invest Tech Private Limited.