Billionbrains Garage Ventures Limited Seeks Shareholder Approval for ESOP Scheme and AoA Alteration
Billionbrains Garage Ventures Limited has issued a notice for a postal ballot, seeking shareholder approval for several key resolutions. These include amendments and ratification of the Billionbrains ...
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Why is Billionbrains Garage Ventures Limited in the news today?
Billionbrains Garage Ventures Limited (GROWW) is in the news due to the announcement pertains to routine corporate governance procedures and seeking shareholder approval for internal schemes and articles of association amendments. it does not contain any immediately positive or negative financial or business performance indicators.
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Billionbrains Garage Ventures Limited Seeks Shareholder Approval for ESOP Scheme and AoA Alteration
December 19, 2025, 11:11 AM
Billionbrains Garage Ventures Limited has issued a notice for a postal ballot, seeking shareholder approval for several key resolutions. These include amendments and ratification of the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024, extending grant options to employees of subsidiary and associate companies, and enabling secondary acquisition of equity shares by the Groww Employee Welfare Trust. The company also seeks approval for providing funds to the trust for purchasing its own shares for employee benefits under the ESOP scheme. Additionally, shareholders will vote on altering the Articles of Association to align with SEBI regulations and to formalize director nomination rights for Peak XV Partners Investments VI -1 and the founders.
The remote e-voting period will commence on Saturday, December 20, 2025, at 09:00 a.m. (IST) and conclude on Sunday, January 18, 2026, at 05:00 p.m. (IST). The notice and explanatory statement are being sent electronically to members registered as of Thursday, December 18, 2025. The results of the postal ballot are expected to be announced on or before Tuesday, January 20, 2026.
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