Shadowfax technologies Limited's Board of Directors has approved the issuance of a postal ballot notice to seek shareholder approval for significant amendments to its Employee Stock Option Plan. The decision was made during a board meeting held on April 01, 2026, as part of the company's ongoing corporate governance initiatives.

Board Approval Details

The board meeting addressed two key matters requiring shareholder approval through the postal ballot process:

Regulatory Compliance and Communication

The company has informed both major stock exchanges about this development. The postal ballot notice will be prepared in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013.

Shadowfax Technologies will publish and communicate the complete postal ballot notice, including all related information required under regulatory provisions, in due course. The company has committed to making this information available on its official website at the investor relations section.

Corporate Structure

The approval was communicated by Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer, who holds ICSI Membership No. A17291. The company, formerly known as Shadowfax Technologies Private Limited, operates under CIN U72300KA2015PLC150324 with its registered office located in Bangalore, Karnataka.

The postal ballot mechanism will enable shareholders to participate in the decision-making process regarding these important amendments to the employee stock option framework, ensuring proper governance and stakeholder involvement in corporate decisions.

Shadowfax Technologies Limited has successfully allotted equity shares under its Employee Stock Option Plan, marking a significant milestone in employee participation and capital expansion. The logistics technology company announced the completion of share allotment to eligible employees who exercised their stock options under the established ESOP framework.

ESOP Share Allotment Details

The Board of Directors approved the allotment of 9,44,886 equity shares through a circular resolution passed on March 31, 2026. These shares were issued under the "Shadowfax Technologies Limited - Employee Stock Option Plan 2016" (SFX ESOP 2016) to eligible employees and ESOP holders who exercised their stock options.

Capital Structure Enhancement

The allotment has resulted in a substantial increase in the company's paid-up equity share capital. The capital structure transformation reflects the company's commitment to employee ownership and long-term value creation.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring complete transparency with market participants.

The information has been made available on the company's official website under the investor relations section, providing stakeholders with easy access to this corporate development. Company Secretary and Compliance Officer Krishnakanth Venkata Gangavarapu signed the regulatory filing, confirming the completion of all procedural requirements.

Strategic Implications

This ESOP allotment demonstrates Shadowfax Technologies' ongoing commitment to employee engagement and retention through equity participation. The successful exercise of stock options by eligible employees indicates confidence in the company's growth prospects and long-term value creation potential. The increase in paid-up capital strengthens the company's financial foundation while aligning employee interests with shareholder value creation.