Billionbrains Garage Ventures Ltd

Billionbrains Garage Ventures Limited (Formerly known as Billionbrains Garage Ventures Private Limited) – Closure of Trading Window from October 01, 2026 till 48 hours after the declaration of the unaudited financial results for the quarter and half year ended September 30, 2026

Transaction details

• Target Company: Billionbrains Garage Ventures Limited.
• Seller: Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, L.P (non-promoter).
• Transaction Type: Disposal of equity shares.
• Pre-disposal holding: 9,85,33,510 shares (1.57%).
• Post-disposal holding: 8,29,99,358 shares (1.32%).
• Encumbrances: none pre- or post-disposal.
• Instrument: Equity shares.
• Mode: Open market.
• First tranche: 70,02,865 shares sold on May 12, 2026.
• Second tranche: 85,31,287 shares sold on Sep 17, 2026.
• Total shares sold (both tranches): 1,55,34,152 (0.25%).
• Dates: May 12, 2026 to Sep 17, 2026.
• Equity capital before: 6,27,35,96,631.
• Equity capital after: 6,27,35,96,631.
• Total diluted capital after disposal: 6,30,49,13,407.

Target Company

• Target company is Billionbrains Garage Ventures Limited.

Disclosing Party

• Disclosing Party: Peak XV Partners Investments VI-1; non-promoter; PAC: Sequoia Capital Global Growth Fund.

Transaction Type

• Disposal of equity shares via open-market sale.

Pre-Transaction Holding

• Before: 1,05,92,68,445 shares (16.88%); no encumbrances.

Transaction Details

• Sold 16,69,97,368 shares (2.66%); instrument: equity; mode: open market; period: May 12, 2026 to Sep 17, 2026.

Post-Transaction Holding

• After: 89,22,71,077 shares (14.22%); diluted: 6,30,49,13,407 shares (14.15%).

Date(s) of Transaction

• May 12, 2026 to Sep 17, 2026; last date triggered disclosure.

Share Capital Context

• Before: 6,27,35,96,631 equity shares; After: 6,27,35,96,631; Diluted: 6,30,49,13,407.

Transaction summary

• Target Company: Billionbrains Garage Ventures Limited.
• Disclosing Party: Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, L.P (non-promoter).
• Transaction Type: Sale/disposal of equity shares via open market.
• Pre-Transaction Holding: 9,85,33,510 shares (1.57%), no encumbrances.
• Transaction Details: Sold 1,55,34,152 shares (0.25%); open market.
• Post-Transaction Holding: 8,29,99,358 shares (1.32%).
• Date(s): May 12, 2026 to September 17, 2026.
• Equity share capital before: 6,27,35,96,631.
• Equity share capital after: 6,27,35,96,631.
• Total diluted share capital after disposal: 6,30,49,13,407.

ESOP grant details

• 325,014 stock options granted to eligible employees under the ESOP 2024 on Sep 08, 2026.
• Exercise price is Rs 2 per option.
• Total shares covered: 325,014 equity shares with face value Rs 2.
• Exercise period: 10 years from vesting.
• Scheme complies with SEBI SBEB Regulations 2021.
• Vesting status: Not applicable for this grant.
• No options exercised or lapsed to date.
• Terms cover death, permanent incapacity, resignation, retirement scenarios.

Key Update

• 392,613 stock options granted under ESOP 2024 on August 28, 2026.
• Exercise price set at Rs 2 per option.
• Total shares covered: 392,613 equity shares of Rs 2 face value.
• Exercise period is 10 years from the vesting date.
• Vesting status: not applicable for this grant.
• Scheme complies with SEBI SBEB Regulations, 2021.
• Terms cover death, permanent incapacity, resignation, termination, retirement.
• Adjustments for corporate actions included under the ESOP scheme.

Disposal & Capital Context

• Target: Billionbrains Garage Ventures Ltd.
• Disclosing Party: Ribbit Capital V, L.P. (non-promoter).
• Transaction Type: Disposal of equity shares.
• Pre-holding: 353,810,176 voting shares (5.64%).
• Sold: 63,169,322 shares (1.01%).
• Post-holding: 290,640,854 voting shares (4.63%).
• Mode: Open Market (block trade).
• Date: August 27, 2026.
• Equity capital before: 353,810,176 shares (INR 2 each).
• Equity capital after: 290,640,854 shares (INR 2 each).
• Total diluted post-transaction: 290,640,854 shares.

Encumbrance release

• Release of encumbrance on Vikas Singh's promoter shares.
• Target: Billionbrains Garage Ventures Limited.
• Encumbrance type: pledged shares released from Infina Finance Private Ltd.
• Before: 4,054,538 shares encumbered (0.06%).
• After: 2,591,308 shares encumbered (0.04%).
• Promoter: Vikas Singh (Promoter Group).
• Date of release: 18 August 2026.
• Funder: Infina Finance Private Ltd.
• End use of funds: not disclosed.
• Note: Promoter group members are not acting in concert with Vikas Singh.

AGM details

• AGM held on Aug 24, 2026 at 2:00 PM IST via VC/OAVM.
• Record date for voting was Aug 17, 2026.
• Remote e-voting conducted Aug 20–23, 2026.
• Meeting conducted via video conferencing with scrutineer appointed.

Resolutions

• Resolution 1 (Ord): Adopt standalone and consolidated financial statements for the year.
• Resolution 2 (Ord): Reappointment of Neeraj Singh on rotation.
• Resolution 3 (Ord): Appointment of Nilesh Shah & Associates as Secretarial Auditors.
• Resolution 4 (Ord): Reclassification of authorized share capital and MOA amendment.

Voting results

• All resolutions passed with requisite majority.
• No significant dissent observed.
• E-voting and ballot results indicated overwhelming approval.

Dividend

• Dividend not proposed or declared.

Director changes

• Director Neeraj Singh reappointed; retires by rotation.

Auditors

• Secretarial Auditor appointed for five years; firm identified.

Related party transactions

• No material related party transactions approved.

Other material approvals

• Capital reclassification and MOA amendment approved.

ESOP grant details

• 149,874 stock options granted to eligible employees under Billionbrains ESOP Scheme 2024.
• Exercise price fixed at Rs 2 per option.
• Each option converts into one equity share of Rs 2 face value.
• Options exercisable for 10 years from vesting.
• Scheme complies with SEBI SBEB Regulations 2021.
• Grant date: 13 August 2026; disclosures provided in Annexure A.