Board Meeting and Approvals

The Board of Directors of Shadowfax Technologies Limited, in its meeting held on October 16, 2026, approved two items:

1. Incorporation of a new wholly owned subsidiary (WOS) company.

2. Allotment of 49,098 equity shares of face value ₹10 each to eligible employees/ESOP holders who exercised their stock options under the Shadowfax Technologies Limited - Employee Stock Option Plan 2016 (SFX ESOP 2016).

Capital Structure Impact

Consequent to the ESOP allotment, the company's issued, subscribed, and paid-up equity share capital increased:

  • Pre-allotment capital: ₹5,86,94,29,900 (comprising 58,69,42,990 equity shares of ₹10 each)
  • Post-allotment capital: ₹5,86,99,20,880 (comprising 58,69,92,088 equity shares of ₹10 each)
  • Increase: ₹4,90,980 in capital from 49,098 new shares

New Wholly Owned Subsidiary Details (Annexure A)

  • Name: To be made available by the Ministry of Corporate Affairs with the suffix "SHADOWFAX"
  • Date of incorporation: Yet to be incorporated
  • Proposed country: India
  • Holding company: Shadowfax Technologies Limited (100% ownership and control)
  • Industry: Logistics & other services
  • Line of business: Logistics & other services
  • Governmental approvals: Subject to approval from the Ministry of Corporate Affairs
  • Consideration: Cash subscription by Shadowfax Technologies Limited to 100% of initial paid-up share capital
  • Subscription terms: At par value (exact amount not specified)
  • Shareholding: 100% shareholding and control including beneficial ownership

ESOP Allotment Details (Annexure B)

  • Scheme compliance: Yes, in terms of SEBI (SBEB) Regulations, 2021
  • Options exercised: 49,098
  • Shares allotted: 49,098 equity shares of face value ₹10 each
  • Exercise price: ₹10 per option
  • Money realized: ₹4,90,980 (including adjustments made pursuant to corporate actions like bonus issues)
  • Share rights: New shares rank pari passu with existing equity shares
  • EPS impact:
  • Basic EPS (consolidated, FY2026): ₹2.22
  • Diluted EPS (consolidated, FY2026): ₹2.18

Additional Information

The information will be made available on the company's website at https://www.shadowfax.in/investor-relations/stock-exchange-announcement