Billionbrains Garage Ventures (GROWW) — deviation variation

📢 Key Event
Board approves Q1 FY2026 results, reclassifies share capital, appoints EY as internal auditor

🔄 What Changed
No material deviation in fund utilization; INR 862.29 crores utilized of INR 1,015.98 crores raised

💡 Investor Takeaway
The company maintained strict adherence to IPO fund usage norms with no deviations, ensuring compliance and transparency for investors

Billionbrains Garage Ventures Limited (GROWW) announced on July 15, 2026, the outcome of its Board meeting including approval of unaudited Q1 FY2026 financial results, reclassification of authorized share capital, and appointment of Ernst & Young LLP as internal auditor. The filing also details utilization of IPO proceeds under SEBI Regulation 32, confirming no material deviation in fund usage with INR 862.29 crores utilized out of INR 1,015.98 crores raised in November 2025, leaving INR 153.69 crores unutilized as of June 30, 2026. Financial highlights show revenue of INR 1,548.67 crores and profit of INR 735.04 crores for the quarter, with earnings per share of INR 1.19 basic and INR 1.17 diluted.

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About Billionbrains Garage Ventures Limited (GROWW)

Financial Services · Stock/ Commodity Brokers · Listed on NSE

Market Cap: ₹1,18,821.92 Cr P/E: 47.6 ROE: 25.3% ROCE: 33.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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