diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6b1179bbee5f..24fdc6e3a828 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -115,6 +115,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (x/staking) [#12303](https://github.com/cosmos/cosmos-sdk/pull/12303) Use bytes instead of string comparison in delete validator queue
 * (x/auth/tx) [#12474](https://github.com/cosmos/cosmos-sdk/pull/12474) Remove condition in GetTxsEvent that disallowed multiple equal signs, which would break event queries with base64 strings (i.e. query by signature).
 * (store/rootmulti) [#12487](https://github.com/cosmos/cosmos-sdk/pull/12487) Fix non-deterministic map iteration.
+* (x/group) [#12888](https://github.com/cosmos/cosmos-sdk/pull/12888) Fix event propagation to the current context of `x/group` message execution `[]sdk.Result`.
 
 ### Deprecated
 
diff --git a/x/group/keeper/msg_server.go b/x/group/keeper/msg_server.go
index dde4bb222c51..fb1ab258901c 100644
--- a/x/group/keeper/msg_server.go
+++ b/x/group/keeper/msg_server.go
@@ -747,13 +747,14 @@ func (k Keeper) Exec(goCtx context.Context, req *group.MsgExec) (*group.MsgExecR
 	var logs string
 	if proposal.Status == group.PROPOSAL_STATUS_ACCEPTED && proposal.ExecutorResult != group.PROPOSAL_EXECUTOR_RESULT_SUCCESS {
 		// Caching context so that we don't update the store in case of failure.
-		ctx, flush := ctx.CacheContext()
+		cacheCtx, flush := ctx.CacheContext()
 
 		addr, err := sdk.AccAddressFromBech32(policyInfo.Address)
 		if err != nil {
 			return nil, err
 		}
-		_, err = k.doExecuteMsgs(ctx, k.router, proposal, addr)
+
+		results, err := k.doExecuteMsgs(cacheCtx, k.router, proposal, addr)
 		if err != nil {
 			proposal.ExecutorResult = group.PROPOSAL_EXECUTOR_RESULT_FAILURE
 			logs = fmt.Sprintf("proposal execution failed on proposal %d, because of error %s", id, err.Error())
@@ -761,6 +762,11 @@ func (k Keeper) Exec(goCtx context.Context, req *group.MsgExec) (*group.MsgExecR
 		} else {
 			proposal.ExecutorResult = group.PROPOSAL_EXECUTOR_RESULT_SUCCESS
 			flush()
+
+			for _, res := range results {
+				// NOTE: The sdk msg handler creates a new EventManager, so events must be correctly propagated back to the current context
+				ctx.EventManager().EmitEvents(res.GetEvents())
+			}
 		}
 	}