41 promoter group members seek reclassification to public category
The Company has received requests from persons currently classified as members of the Promoter Group to be reclassified as 'Public' under Regulation 31A.
- Combined holding of promoter group members seeking reclassification
- 1,21,89,962 equity shares, or 0.19% of equity shares as on Sept 30, 2026 (paid-up basis)
- Largest holding in the list
- Rohit Parmar's 80,14,000 equity shares (0.13%)
- Requests received on
- October 12, 2026
The Company has informed the exchanges that it received requests on October 12, 2026 from the persons listed in Annexure A, who are presently classified as members of the Promoter Group, seeking reclassification of their status from 'Promoter Group' category to 'Public' category under Regulation 31A of the SEBI Listing Regulations.
Who is involved, and how much they hold
- The list covers 41 names, including individuals, HUFs and private companies.
- Their combined holding is 1,21,89,962 equity shares, which is 0.19% of equity shares as on September 30, 2026 (paid-up basis).
- The largest holding in the list is Rohit Parmar with 80,14,000 equity shares (0.13%).
- Vikas Singh holds 40,60,566 equity shares (0.06%).
- Ramesh Kumar Jain holds 1,05,000 equity shares (0.00%).
- Others in the list include Ramlal Parmar (4,400 shares), Rakesh Jain (2,800 shares), Kiran Parmar (1,400 shares), Prakash Kapse (1,089 shares), Rohit Kapse (662 shares), Richa Gang (25 shares) and Hina Mohnot (20 shares).
- The remaining names in the list are shown against 'Nil' shares.
What reclassification means
A shareholder classified as 'Promoter Group' is treated differently from a 'Public' shareholder for the purposes of the exchange's classification of shareholding. These requests ask for that classification itself to be changed for the named holders. This is the request stage: the update says the requests will be examined by the Company in accordance with the applicable provisions of the SEBI Listing Regulations.
What happens next
- The requests will be placed before the Board of Directors for its consideration in due course.
- Subject to the approval of the Board and completion of the prescribed process, the Company will take necessary steps.
- Those steps include submission of the application to the stock exchanges.
What the update itself states
- The intimation is made under Regulation 30 and Regulation 31A of the SEBI Listing Regulations.
- The information is also being made available on the Company's website, www.groww.in.
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More numbers
- Total equity shares held by the outgoing promoter group members1,21,89,962
- Total % of equity shares as on Sept 30, 2026 (paid-up basis)0.19
- Rohit Parmar - no. of equity shares80,14,000
- Rohit Parmar - % of equity shares as on Sept 30, 20260.13
- Vikas Singh - no. of equity shares40,60,566
- Vikas Singh - % of equity shares as on Sept 30, 20260.06
- Ramesh Kumar Jain - no. of equity shares1,05,000
- Ramlal Parmar - no. of equity shares4,400
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