The grant was announced under the ‘Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024’, shortly after the company released its Q4 FY26 results.
Each option can be converted into one fully paid-up equity share with a face value of Rs 2. Based on the current share price of Rs 212 per share as of 02:50 pm today, the Esops are valued at around Rs 51 crore.
“The exercise period shall be 10 years from the date of vesting, subject to the terms and conditions of the scheme,” the filing said.
Groww financials
Groww’s parent company Billionbrains Garage Ventures reported operating revenues of Rs 1,505 crore for the March quarter of FY26, marking an 87% increase from Rs 801 crore a year earlier.
Net profit for the quarter more than doubled to Rs 686 crore, compared with Rs 309 crore in the same period last year. The growth was largely driven by tighter control over expenses at the Bengaluru-based firm.
For the full financial year ended March 2026, the company reported total revenues of Rs 4,644 crore and a profit of Rs 2,083 crore.
Speaking to stock market analysts after the results, chief executive Lalit Keshre said the company is investing in AI with a focus on building new products faster using a lean team, rather than significantly expanding hiring.
The company announced the resignation of Ashish Agrawal, former managing director at Peak XV Partners, as nominee director on its board. An early investor in Groww, he worked closely with the firm until its public listing last year.
Agrawal had earlier announced his exit from Peak XV Partners this year and is planning to start his own fund.