The Board of Directors of Billionbrains Garage Ventures Limited has approved several key proposals, subject to shareholder approval via postal ballot. These include amendments and ratification of the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024, extension of grant options to eligible employees of subsidiaries and associate companies, approval for acquisition of equity shares by a trust under the ESOP scheme, and provision of funds to the Groww Employee Welfare Trust for its own share purchases for employee benefits. Additionally, the Board approved the alteration of the Company's Articles of Association. The Company also approved the incorporation of a Section 8 company, to be named "Groww Foundation" or similar, under the Companies Act, 2013. This foundation will focus on social development, education, environmental sustainability, research, culture, community engagement, and other philanthropic initiatives. The ESOP Scheme 2024 allows for the grant of up to 33,15,18,413 (Thirty-Three Crore Fifteen Lakhs Eighteen Thousand Four Hundred and Thirteen) equity shares. The scheme will be implemented through the Groww Employee Welfare Trust, which will acquire shares via fresh allotment from the company or secondary acquisition. No grants have been made under the scheme since the company's listing on November 12, 2025. Options granted prior to listing have an exercise period of up to 20 years from vesting, while post-listing grants have a maximum exercise period of 10 years from vesting. The exercise price will be determined by the Nomination and Remuneration Committee, with a discount on the market price if deemed fit, but not less than the face value. Vesting for post-listing grants is over a 4-year period, with 25% vesting after 12 months and the remainder over the following 36 months. The Board meeting commenced at 2:30 p.m. (IST) and concluded at 3:50 p.m. (IST) on December 19, 2025.