Billionbrains Garage Ventures Limited has granted 21,63,086 stock options to eligible employees under its Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024 ("Scheme") on November 05, 2026. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular dated January 30, 2026.
Key Details of Grant:
- Total Options Granted: 21,63,086 stock options
- Scheme Compliance: The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Shares Covered: Each stock option is convertible into one fully paid-up equity share of face value ₹2 each. Total of 21,63,086 equity shares are covered, including requisite adjustments for corporate actions as per the ESOP scheme
- Exercise Price: ₹2 per stock option
- Exercise Period: 10 years from the date of vesting, subject to the terms and conditions of the Scheme
Significant Terms:
The Scheme provides for the manner in which Stock Options would be dealt with in case of death, permanent incapacity, resignation, termination, retirement, etc.
Non-Applicable Items:
The following items are marked as "Not Applicable" as the disclosure pertains only to the grant of options:
- Options Vested
- Options Exercised
- Options Lapsed
- Money realized by exercise of options
- Total number of shares arising from exercise of options
- Variation of terms of options
- Subsequent changes or cancellation or exercise of such options
- Diluted earnings per share from exercise of options
Compliance and Disclosure:
The information has been submitted to BSE Limited and National Stock Exchange of India Ltd. and is also available on the company's website at www.groww.in. The disclosure was signed by Roshan Dave, Company Secretary and Compliance Officer, on November 05, 2026.