BGBillionbrains Garage Ventures544603Quarterly results

Board approves reclassification of certain promoter group members to Public category; Q2, H1 results approved

Board meeting outcome.

By ScoutQuest · Wed 14 Oct 2026, 12:55 PM IST · 2 min read

Q2 Revenue from Operations

Rs. 1,501.53 crore

Q2 Profit

Rs. 724.70 crore

Basic EPS

INR 1.17

Promoter group reclassification

• The Board of Directors approved the requests received for reclassification of certain promoter group members from the "Promoter Group" category to the "Public" category.
• The approval is subject to receipt of the necessary approvals prescribed under Regulation 31A of the SEBI Listing Regulations.
• The Company is in the process of making the necessary applications and submissions with the stock exchanges.
• In simple terms, this changes the category in which these shareholders are counted in the Company's shareholding pattern; the change takes effect as the prescribed approvals come in.

Quarter and half year results

• The Board also approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
• The statutory auditors, M/s. BSR & Co. LLP, Chartered Accountants, reviewed the consolidated financial results and issued an unqualified opinion.
• Consolidated revenue from operations was Rs. 1,501.53 crore for the quarter ended 30 September 2026 and Rs. 3,002.95 crore for the six months ended 30 September 2026.
• Consolidated profit for the period was Rs. 724.70 crore for the quarter and Rs. 1,459.74 crore for the six months.
• Basic earnings per share was INR 1.17 for the quarter.

Other disclosures

• The Groww Employee Welfare Trust transferred 69,42,862 equity shares pursuant to the exercise of stock options under the Employee Stock Option Scheme 2024.
• In Groww Asset Management Limited, State Street Global Advisors, Inc. holds voting rights of 4.85% and an economic interest of 22.94% of the fully diluted share capital, the transaction having been completed on 04 August 2026.
• The Board noted the approval of a Composite Scheme of Arrangement among wholly-owned and step-down subsidiaries: a demerger of identified business undertakings of Finwizard Technology Private Limited into Groww Wealth Tech Private Limited and Fisdom Broking Private Limited, and an amalgamation of Finwizard Technology Services Private Limited and Finwizard Securities Private Limited into Finwizard Technology Private Limited. The scheme is subject to approvals of shareholders, creditors (as applicable), the National Company Law Tribunal, Bengaluru, and other regulatory/statutory authorities, and its appointed date is 01 April 2027. The update states the scheme does not have any impact on the shareholding, control or economic interest of the Company.

What this means

This is a board-meeting outcome with two parts - a category change for certain promoter group shareholders that will move through the prescribed approval route, and the reported numbers for the quarter and half year ended 30 September 2026. Investors can track the applications and approvals referred to in the update, and read the results as the Company's reported performance for that period.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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