Billionbrains Garage Ventures Limited has informed the Exchange regarding Change in Director(s) of the company.

Kmp ResignedManagement Changes View source PDF

GROWW · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.6%1-day move

₹199.35

prior close

₹199.38

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.2+0.4+0.7-0.6+6.6+9.2+9.2+9.3+8.2+7.3-7.8-5.2-1.0+2.3

Up moveDown movePending

AI summary

Groww reported strong FY2026 results with total income of Rs 48,158.76 million, up 18.6% from Rs 40,616.45 million in FY2025. Net profit for the year stood at Rs 20,830 million, representing 14.2% growth. The company completed its IPO in November 2025, raising Rs 10,159.84 million net proceeds. Mr. Ashish Agrawal resigned as Nominee Director effective April 20, 2026, ceasing membership of the CSR Committee and Stakeholder Relationship Committee. The Board also approved appointment of Nilesh Shah & Associates as Secretarial Auditors for five years. The company acquired Finwizard Technology Private Limited for Rs 9,610.50 million during the year, contributing to goodwill increasing from Rs 3,186.89 million to Rs 12,387.43 million.

Likely market impact

The director resignation may raise questions about investor representation, though the company posted robust financial growth. The resignation of a Nominee Director could signal changes in governance or investor backing, warranting monitoring for any impact on strategic direction.