Shadowfax Technologies Limited announced two key auditor-related decisions at its Board meeting held on May 14, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board approved the appointment of M/s S.R. Batliboi & Associates LLP as the new Statutory Auditor and the re-appointment of M/s Grant Thornton Bharat LLP as Internal Auditors, as disclosed to the stock exchanges.

Statutory Auditor Appointment

The appointment of M/s S.R. Batliboi & Associates LLP as Statutory Auditor follows the scheduled retirement of the incumbent auditor, M/s B S R & Co. LLP, Chartered Accountants. M/s B S R & Co. LLP had been appointed as Statutory Auditors for a second term of five years at the 6th AGM of the Company held on November 29, 2021, and is set to retire at the ensuing 11th AGM. Based on the recommendation of the Audit Committee, the Board approved the new appointment, which remains subject to shareholders' approval at the ensuing 11th AGM.

The key details of the statutory auditor appointment are summarised below:

Profile of M/s S.R. Batliboi & Associates LLP

M/s S.R. Batliboi & Associates LLP is a limited liability partnership firm incorporated in India in 1949, with its registered office in Kolkata and offices across key cities in India. The firm is registered with the Institute of Chartered Accountants of India (ICAI). The S.R. Batliboi & Affiliates network of firms includes:

• S.R. Batliboi & Co LLP
• S.R. Batliboi & Associates LLP
• S R B C & CO LLP
• S.V. Ghatalia & Associates LLP

All network firms are primarily engaged in providing audit and assurance services, and collectively audit several large listed and private companies across diverse market segments including Industrial, Infrastructure, Consumer Products, Financial Services, Technology, Media and Entertainment, Telecommunications, and Professional Services.

Re-appointment of Internal Auditors

The Board also approved the re-appointment of M/s Grant Thornton Bharat LLP as Internal Auditors of the Company for the financial year 2026-27. The key details are as follows:

Profile of M/s Grant Thornton Bharat LLP

M/s Grant Thornton Bharat LLP is a founding member firm of the Grant Thornton International network and is engaged in consulting services with a focus on ESG & Risk Consulting practice. The engagement partner, Manohar Mangalwedhe, is a fellow member of the Institute of Chartered Accountants of India (ICAI) and brings over 19 years of experience in the risk consulting domain. His expertise spans internal audits across diverse sectors including retail, consumer, technology, pharma, and industrial products.

Regulatory Disclosure

The disclosures were made in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information has also been made available on the Company's investor relations website. The disclosure was signed by Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer (ICSI Membership No. A17291).

Shadowfax Technologies Limited successfully concluded its postal ballot remote e-voting process on May 07, 2026, with shareholders approving two special resolutions pertaining to its Employee Stock Option Plan – 2016 (SFX ESOP 2016). The voting was conducted electronically through KFin Technologies Limited, the company's Registrar and Transfer Agent, with the e-voting window open from Wednesday, April 08, 2026 at 9:00 a.m. (IST) to Thursday, May 07, 2026 at 5:00 P.M. (IST). The postal ballot notice initiating the process was dated April 01, 2026.

Resolutions Approved by Shareholders

The two special resolutions placed before shareholders via the postal ballot were as follows:

• Resolution No. 1: Approval for amendment and ratification of Shadowfax Technologies Limited Employee Stock Option Plan – 2016 (SFX ESOP 2016)
• Resolution No. 2: Approval for the extension of the benefits of Shadowfax Technologies Limited Employee Stock Option Plan – 2016 (SFX ESOP 2016) to the employees of subsidiary companies

Both resolutions were classified as Special Resolutions, and the promoter/promoter group was noted as not being interested in either agenda item. The total number of shareholders on the record date stood at 78,075.

Voting Results – Resolution No. 1: ESOP 2016 Amendment and Ratification

The first resolution received strong support across all shareholder categories. The following table summarises the category-wise voting outcome:

The scrutinizer's summary confirmed the resolution passed with 88.48% votes in favour and 11.52% against.

Voting Results – Resolution No. 2: ESOP 2016 Extension to Subsidiary Employees

The second resolution, seeking to extend ESOP benefits to employees of subsidiary companies, recorded a near-identical voting pattern. The category-wise breakdown is presented below:

The scrutinizer's summary confirmed this resolution also passed with 88.48% votes in favour and 11.52% against.

Scrutinizer's Report and Process Details

Pramod S M, Designated Partner of BMP & Co. LLP, Practicing Company Secretaries, was appointed as the Scrutinizer by the Board of Directors to oversee the remote e-voting process. The votes were unblocked on Thursday, May 07, 2026 at around 05:14 P.M. (IST) in the presence of two witnesses — Ms. Lavanya Jamakhandi and Mr. Venu Gopal Rao — both independent of the company. The scrutinizer's consolidated report was submitted on May 08, 2026. The dispatch of the postal ballot notice in electronic form was completed on April 07, 2026, with newspaper advertisements published on April 08, 2026 in Financial Express (English) and Vishwavani (Kannada).

Disclosure and Compliance

The voting results have been disclosed in accordance with Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results, along with the Scrutinizer's Report, have been submitted to the stock exchanges and will be made available on the company's website at https://www.shadowfax.in/investor-relations/stock-exchange-announcement . The disclosure was filed by Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer of Shadowfax Technologies Limited.