Fortune First Trust Pledges 6.25 Million Groww Shares to Aditya Birla Capital

2 min read     Updated on 23 Mar 2026, 11:57 PM
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Reviewed by
Radhika SScanX News Team
Overview

Fortune First Trust, a promoter group entity of Billionbrains Garage Ventures Limited, has created a share encumbrance by pledging 6,250,000 shares to Aditya Birla Capital Limited for personal reasons. The pledge represents 0.10% of the company's total share capital and was executed on March 13, 2026, with regulatory compliance disclosure made on March 20, 2026.

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*this image is generated using AI for illustrative purposes only.

Fortune First Trust, a promoter group entity of Billionbrains Garage Ventures Limited , has disclosed the creation of share encumbrance involving 6,250,000 shares of the company. The disclosure was made on March 20, 2026, in compliance with Regulation 31(1) and 31(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Pledge Details

The encumbrance involves a pledge of shares to Aditya Birla Capital Limited for personal reasons. The pledge was executed on March 13, 2026, covering shares that represent 0.10% of the company's total share capital.

Parameter: Details
Pledging Entity: Fortune First Trust (Promoter Group)
Pledged Shares: 6,250,000
Percentage of Total Capital: 0.10%
Pledge Date: March 13, 2026
Beneficiary: Aditya Birla Capital Limited
Reason: Personal
Type of Encumbrance: Pledge

Promoter Holdings Overview

Fortune First Trust maintains a total holding of 20,000,000 shares in Billionbrains Garage Ventures Limited, representing 0.32% of the company's total share capital. Following the pledge creation, the trust now has 6,250,000 shares under encumbrance, which constitutes 0.10% of the total shareholding.

Holding Details: Number of Shares Percentage
Total Holdings: 20,000,000 0.32%
Pledged Shares: 6,250,000 0.10%
Free Holdings: 13,750,000 0.22%

Other Promoter Group Holdings

The disclosure reveals comprehensive shareholding details of all promoter group entities. Key promoters include Lalit Keshre holding 539,064,671 shares (8.55%), Harsh Jain with 391,579,773 shares (6.21%), and Neeraj Singh maintaining 363,199,310 shares (5.76%). Other significant holders include Ishan Bansal with 257,715,210 shares (4.09%).

Major Promoter Holdings: Shares Percentage
Lalit Keshre: 539,064,671 8.55%
Harsh Jain: 391,579,773 6.21%
Neeraj Singh: 363,199,310 5.76%
Ishan Bansal: 257,715,210 4.09%

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, where Billionbrains Garage Ventures Limited shares are listed under scrip code 544603 and symbol GROWW respectively. Neo Trusteeship Services Pvt. Ltd. serves as the trustee for Fortune First Trust and executed the disclosure through their authorized signatory.

The filing confirms that none of the other promoters and members of the promoter group are acting in concert with Fortune First Trust in relation to this share encumbrance. The disclosure also notes that all other members of the promoter group, besides those specifically listed in the regulatory filing, do not hold shares in the target company.

Historical Stock Returns for Groww

1 Day5 Days1 Month6 Months1 Year5 Years
-0.51%+2.05%-3.61%+22.84%+22.84%+22.84%

Groww Grants 6,04,009 Stock Options to Employees Under ESOP Scheme 2024

1 min read     Updated on 14 Mar 2026, 03:26 PM
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Reviewed by
Radhika SScanX News Team
Overview

Billionbrains Garage Ventures Limited (Groww) granted 6,04,009 stock options to eligible employees under ESOP Scheme 2024 on March 14, 2026. The options have an exercise price of Rs. 2 per option, convertible into equity shares with Rs. 2 face value, and can be exercised within 10 years from vesting date. The grant complies with SEBI regulations and has been disclosed to BSE and NSE.

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*this image is generated using AI for illustrative purposes only.

Groww has announced the grant of 6,04,009 stock options to eligible employees under its Employee Stock Option Scheme 2024. The grant was made on March 14, 2026, as part of the company's employee incentive program.

Stock Option Grant Details

The comprehensive details of the stock option grant have been disclosed in compliance with regulatory requirements:

Parameter Details
Total Options Granted 6,04,009
Grant Date March 14, 2026
Exercise Price Rs. 2 per stock option
Face Value per Share Rs. 2
Exercise Period 10 years from vesting date

Scheme Compliance and Structure

The Employee Stock Option Scheme 2024 operates in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option granted is convertible into one fully paid-up equity share having a face value of Rs. 2 each. The total of 6,04,009 equity shares of face value Rs. 2 each are covered by the stock options granted, including requisite adjustments pursuant to corporate actions as provided under the ESOP schemes.

Exercise Terms and Conditions

The granted stock options come with specific terms governing their exercise:

  • Exercise Period: Options may be exercised within 10 years from the date of vesting
  • Pricing Structure: Fixed exercise price of Rs. 2 per stock option
  • Conversion Ratio: One-to-one conversion into equity shares
  • Special Provisions: The scheme includes provisions for handling stock options in cases of death, permanent incapacity, resignation, termination, and retirement

Regulatory Compliance

Billionbrains Garage Ventures Limited has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has notified both BSE (Scrip code: 544603) and NSE (Symbol: GROWW) about the stock option grant. Additionally, the information has been made available on the company's website at www.groww.in as required by regulatory guidelines.

The disclosure follows the format specified in the SEBI Master Circular dated January 30, 2026, ensuring comprehensive transparency regarding the employee stock option grant to all stakeholders.

Historical Stock Returns for Groww

1 Day5 Days1 Month6 Months1 Year5 Years
-0.51%+2.05%-3.61%+22.84%+22.84%+22.84%

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1 Year Returns:+22.84%