Groww parent flags a tiny insider-trading code breach: contra trades worth under ₹1,000

Billionbrains Garage Ventures, which operates under the Groww brand, reported to BSE and NSE a violation of its Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The breach was the execution of contra trades in the company's own equity shares by a Designated Person — Sankalp Yadav, a Finance (Manager) in Business Finance, who is not a promoter or part of the promoter group.

The company said the trades were inadvertent. During the quarter Mr. Yadav was moved to a non-critical team, and given his revised role his continuance on the Designated Person list after August 1, 2026 was not warranted. Because the DP list is updated at least twice a quarter, his name could not be removed before the trades took place — producing this reportable instance. The Audit Committee noted that no profit was disgorged, as the trades were executed at a loss. The company recorded no previous instances of violation since the last financial year.

The amounts are very small — a handful of shares, aggregating well under ₹1,000 across the relevant dates (see the key figures). The filing notes the per-quarter reporting threshold of ₹10 lakh was not triggered, and no amount was collected for the code violation.