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The latest update is out from Billionbrains Garage Ventures Limited ( (IN:GROWW) ).
Billionbrains Garage Ventures Limited has notified the stock exchanges that it has established the Groww Employee Welfare Trust to administer and implement the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024. The company has submitted the ESOP trust deed to the BSE and NSE in line with Regulation 3(3) of SEBI’s Share Based Employee Benefits and Sweat Equity Regulations, 2021, and has also made the information available on its website, underscoring regulatory compliance and a structured framework for employee equity incentives.
The move formalizes the mechanism for granting stock options to employees, signaling an intent to align employee interests with long-term shareholder value and support talent retention as the business scales. By setting up a dedicated trust to manage the ESOP scheme under the current SEBI framework, Billionbrains Garage Ventures reinforces its governance standards and clarifies how future equity-based compensation will be administered for stakeholders.
More about Billionbrains Garage Ventures Limited
Billionbrains Garage Ventures Limited, listed under the symbol GROWW, operates in the financial-technology and investment services space through its Groww platform. Headquartered in Bengaluru, the company focuses on providing online investment and financial products to retail customers in India, leveraging digital channels to expand its market reach and user base.
Average Trading Volume: 5,156,627
See more data about GROWW stock on TipRanks’ Stock Analysis page.