The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 20, 2026 for Thousand Oaks Trust
GROWW · price
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Billionbrains Garage Ventures Ltd (operator of Groww) has received a disclosure from Thousand Oaks Trust, a promoter group entity, regarding the creation of a pledge on 6,250,000 shares (approximately 0.10% of total share capital) in favour of Aditya Birla Capital Limited. The event date is March 13, 2026, and the stated reason for the pledge is 'Personal'. The disclosure also lists the shareholding of all promoter and promoter group members as on the reporting date, including key founders Lalit Keshre (8.55%), Harsh Jain (6.21%), Ishan Bansal (4.09%) and Neeraj Singh (5.76%), along with various family trusts. This is a routine regulatory disclosure under the takeover regulations.
The pledged quantity is very small (0.10% of share capital) and the reason cited is personal, so the direct impact on the stock or shareholder value is minimal. Investors should continue to monitor overall promoter pledged holdings over time, as accumulation of pledges could become a concern if it rises materially.