Shadowfax Technologies Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The Nomination and Remuneration Committee of the Board of Directors granted 100,000 Employee Stock Options ("Options") to eligible employees under the Company's SFX ESOP 2016 plan. The grant is effective from September 1, 2026.
Key Details of the ESOP Grant:
- Number of Options Granted: 100,000
- Exercise Price: ₹10 per option
- Each Option is convertible into 1 fully paid-up equity share of face value ₹10 each
- Total shares covered: 100,000 equity shares of ₹10 face value each
- The scheme complies with SEBI (SBEB) Regulations, 2021
Vesting and Exercise Terms:
- Options will vest after a minimum period of 12 months from the Grant Date (September 1, 2026)
- Vesting details are specified in the Letter of Grant and based on time and/or performance criteria
- Vested options can be exercised within five years from the date of vesting
- Exercise is subject to continued employment
Not Applicable Sections:
The disclosure specifies that the following are not applicable as this is solely a grant announcement:
- Options vested
- Options exercised
- Money realized by exercise of options
- Total number of shares from exercised options
- Options lapsed
- Variation of terms of options
- Subsequent changes or cancellation
- Diluted earnings per share impact
The disclosure was signed by Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer (ICSI Membership No. A17291) on August 28, 2026.