Shadowfax technologies Limited has completed the allotment of 7,27,452 equity shares under its Employee Stock Option Plan 2016, marking a significant milestone in the company's employee incentive program. The Board of Directors approved this allotment through a resolution passed on April 22, 2026, benefiting eligible employees and ESOP holders who exercised their stock options.

Share Allotment Details

The allotment involved 7,27,452 equity shares with a face value of Rs. 10 each, distributed to eligible employees and ESOP holders under the Shadowfax Technologies Limited - Employee Stock Option Plan 2016. This exercise represents the conversion of stock options into actual equity shares, providing employees with ownership stakes in the company.

Impact on Share Capital Structure

The allotment has resulted in a notable increase in the company's equity base. The following table illustrates the changes in the company's share capital structure:

The increase in paid-up capital amounts to Rs. 72,74,520, directly corresponding to the 7,27,452 newly allotted shares at face value.

Regulatory Compliance and Disclosure

Shadowfax Technologies has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this corporate action. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has also committed to making this information available on its official website at the investor relations section, ensuring transparency for all stakeholders. Company Secretary and Compliance Officer Krishnakanth Venkata Gangavarapu signed the official communication to the stock exchanges, confirming the completion of all necessary procedures for this ESOP allotment.

Shadowfax Technologies has officially launched Shadowfax 360, a proprietary unified digital shipping platform designed to empower India's SME and D2C ecosystem. The announcement was made through a comprehensive regulatory disclosure under Regulation 30 of SEBI Listing Regulations on April 21, 2026. The platform enables small sellers and emerging brands to register and start nationwide shipping within minutes, eliminating traditional logistics onboarding hurdles.

Revenue Growth Projections

The company expects the new platform to contribute significantly to its financial performance, with projected revenue growth of 10-25% over the next 1-2 years. This growth is anticipated to come from expanded customer acquisition and diversification of the merchant base beyond traditional enterprise clients.

Platform Features and Capabilities

Shadowfax 360 provides immediate access to an enterprise-grade network covering 15,000+ pincodes across 2,500 cities. The platform addresses core merchant pain points through several innovative features designed as a self-serve web solution requiring no integration or technical setup.

The platform is accessible to various seller types including early-stage D2C brands, Shopify/WooCommerce sellers, and marketplace-to-D2C transitions, making enterprise-grade logistics available to every SME regardless of size or stage.

Strategic Business Impact

The launch marks an important step in Shadowfax Technologies' efforts to scale its seller ecosystem and diversify its merchant base beyond enterprise and marketplace relationships. The company expects Shadowfax 360 to serve as a meaningful driver of new customer acquisition, contributing to volume growth and revenue diversification in the years ahead.

"Shadowfax 360 is how we bring thousands of new customers into our network and make Shadowfax the default logistics partner for SME and D2C commerce in India. We see this as a significant lever to help us scale our business and diversify our merchant base over time," said Praharsh Chandra, Whole-time Director and CBO, Shadowfax Technologies Limited.

Regulatory Filing Details

The official announcement was communicated to both NSE (Symbol: SHADOWFAX) and BSE (Scrip Code: 544685) through proper regulatory channels. The disclosure was signed by Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer, and includes comprehensive documentation as per SEBI Master Circular requirements.