Promoter Vaibhav Khandelwal of shadowfax technologies has confirmed that no encumbrance has been created on the shares held by him or Persons Acting in Concert during the Financial Year 2025-26. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on April 1, 2026, in compliance with regulatory requirements.

Regulatory Disclosure

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to confirm whether any encumbrance has been created on the shares of the target company held by them, directly or indirectly, during the specified financial year.

Company Details

Shadowfax Technologies Limited is listed on both the National Stock Exchange of India Limited (NSE Symbol: SHADOWFAX) and BSE Limited (Scrip Code: 544685). The company's registered office is located at the 3rd Floor, Shilpitha Tech Park, Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bangalore, Karnataka- 560103.

The confirmation has been addressed to the Company Secretary and the Audit Committee of Shadowfax Technologies Limited for record-keeping purposes.

Shadowfax Technologies Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a significant turnaround in profitability for the fiscal year, driven by robust operational performance, strong volume growth, and the successful completion of its initial public offering (IPO). The Board of Directors approved the financial results at its meeting held on May 14, 2026, and the statutory auditors have issued an unmodified opinion on the audited standalone and consolidated financial results.

Financial Performance Overview

For the year ended March 31, 2026, the company reported a consolidated net profit of ₹112 crore, a sharp increase from ₹6 crore in FY25, representing a growth of 1,639% YoY. Revenue from operations surged to ₹4,202 crore, reflecting a 69.1% YoY growth. IndAS EBITDA for FY26 stood at ₹212 crore, representing a 5.0% margin and 277% YoY growth with approximately 270 bps improvement YoY. Adjusted EBITDA for the year stood at ₹159 crore, a 227% YoY growth, with a margin of 3.8% and approximately 180 bps improvement YoY. Net Cash Flow from Operating Activities for FY26 stood at ₹350 crore.

On a standalone basis, net profit stood at ₹115.18 crore for FY26, while revenue from operations reached ₹4,080.35 crore. The following table summarises the key standalone annual financial metrics:

Q4 FY26 Performance

The fourth quarter demonstrated strong momentum, delivering the highest ever quarterly revenue in the company's history. On a consolidated basis, Q4 net profit came in at ₹56 crore against a loss of ₹10 crore in the year-ago period, while consolidated revenue for the quarter rose to ₹1,237 crore from ₹712 crore YoY, a growth of 73.6% YoY and 6.7% QoQ. On a standalone basis, net profit reached ₹55.27 crore and revenue from operations stood at ₹1,205.81 crore, marking a recovery from the net loss of ₹10.08 crore reported in the corresponding quarter of the previous year.

The table below presents the key consolidated Q4 metrics:

Q4 FY26 marked the 12th consecutive quarter of EBITDA profitability for the company. Express Parcel revenue grew at 121% YoY and Hyperlocal revenue grew at 32% YoY during the quarter.

Key Operational Metrics

The company delivered 72.6 crore orders in FY26, achieving a shipment growth of 66.4% YoY. During Q4 FY26, the company delivered 22.6 crore orders combined in express parcel and hyperlocal, with shipment growth of 100.8% YoY and 10.0% QoQ. Earnings per share (EPS) for the year improved to ₹2.29 (basic) from ₹0.13 in the prior year.

Strategic Initiatives and Infrastructure Expansion

Shadowfax launched Shadowfax 360, a self-serve digital shipping platform for SMEs and D2C brands, providing access to 15,000+ pin codes, flat-rate billing, and AI-driven RTO prediction. The platform enables new customer acquisition at scale with no minimum order requirements, expanding the merchant base beyond enterprise and marketplace relationships, and marks a strategic step toward revenue diversification targeting online-first SMEs and D2C brands.

On the infrastructure front, the company launched OneNCR, its largest automated sortation center with 2.1 lakh sq. feet of operations space and a processing capacity of 48,000 shipments per hour. The company expanded its reach to 15,656 pin codes, with facilities spread across 4,778 touchpoints spanning over 47 lakhs square feet of operating space, connected by 3,500+ trucks on a daily basis. The company invested ₹185 crore during FY26 in expanding its network, automation of sort centers, and capacity enhancement.

Corporate Developments

During the year, Shadowfax Technologies completed its IPO, issuing 153,812,014 equity shares with a face value of ₹10 each at an issue price of ₹124 per share. The total offer size, including the offer for sale, was ₹1,907.27 crore. Additionally, the company acquired an additional 10.41% stake in its subsidiary, Criticalog India Private Limited, for ₹5.69 crore during the quarter and year ended March 31, 2026.

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results for the quarter and year ended March 31, 2026 were published in Financial Express (English) and Vishwavani (Kannada) on May 15, 2026. The publications are also available on the company's investor relations website at www.shadowfax.in/investor-relations/ .