Billionbrains Garage Ventures Limited, operating under the brand name groww , has announced a significant allotment of equity shares to its employee welfare trust. The company's Nomination and Remuneration Committee approved the allotment of 10,00,00,000 equity shares to the Groww Employee Welfare Trust on March 06, 2026, as part of the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024.

Share Allotment Details

The allotted shares carry a face value of Rs. 2/- each and are fully paid up. These shares have been specifically allocated to the ESOP Trust and will subsequently be transferred to eligible employees when they exercise their stock options under the established scheme.

Impact on Share Capital

The allotment has resulted in a substantial increase in the company's paid-up share capital. The capital structure transformation reflects the company's commitment to employee participation through equity ownership.

Regulatory Compliance and Next Steps

The allotment was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development through formal notifications.

Billionbrains Garage Ventures Limited is currently completing the necessary formalities for listing and trading approval of the newly allotted shares. The company has also made this information available on its official website at www.groww.in , ensuring transparency and regulatory compliance.

Company Information

Billionbrains Garage Ventures Limited, formerly known as Billionbrains Garage Ventures Private Limited, operates from its registered office in Bangalore, Karnataka. The company is listed on both BSE (Scrip code: 544603) and NSE (Symbol: GROWW), providing investors with multiple trading platforms for its equity shares.

Groww has formally submitted its Employee Stock Option Plan (ESOP) Trust Deed to both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), marking a significant step in implementing its employee benefits program. The submission, made by Billionbrains Garage Ventures Limited, demonstrates the company's commitment to providing equity-based compensation to its workforce.

Regulatory Compliance and Trust Formation

The submission was made in strict compliance with Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has established the Groww Employee Welfare Trust specifically to administer and implement the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024.

Trust Structure and Governance

The trust deed outlines comprehensive governance mechanisms for the ESOP administration. The document establishes clear protocols for trustee appointments, with provisions for re-appointment and discharge of trustees based on specific criteria. The trust structure includes formation of committees comprising trustees, beneficiaries, and company representatives to ensure effective management and administration.

Key governance features include the establishment of rules and regulations by trustees in consultation with the Compensation Committee, remuneration frameworks for trust employees, and comprehensive record-keeping requirements. The trust maintains separate banking and demat accounts for operational efficiency.

Operational Framework

The trust deed specifies detailed operational procedures including account maintenance, audit requirements, and dissolution protocols. Annual auditing by chartered accountants is mandated, with accounting records to be maintained for a minimum period as prescribed under applicable law, extending to 8 years post-dissolution of either the scheme or trust.

Documentation and Transparency

In adherence to regulatory transparency requirements, Groww has made the trust deed information available on its corporate website. The company maintains its registered office at Vaishnavi Tech Park, South Tower, Bangalore, and operates under CIN L72900KA2018PLC109343. Company Secretary and Compliance Officer Roshan Dave signed the submission documents, ensuring proper authorization and compliance protocols.

The trust deed establishes an irrevocable trust structure with specific modification and dissolution clauses, providing stability while maintaining necessary flexibility for operational adjustments as approved by the Board or Compensation Committee.