Shadowfax Technologies Limited has received a formal regulatory disclosure from its promoter, Abhishek Bansal, confirming that no encumbrance was created on the company's shares during the Financial Year 2025-26. The declaration, dated April 1, 2026, was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with applicable securities regulations.

Regulatory Disclosure Under SEBI Takeover Regulations

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Under this provision, promoters and Persons Acting in Concert are required to declare, at the close of each financial year, whether any encumbrance has been created on shares of the target company held by them, either directly or indirectly.

The key details of the disclosure are summarised below:

Declaration Details

In the disclosure, Abhishek Bansal confirmed that neither he nor any Persons Acting in Concert created any encumbrance on the shares of Shadowfax Technologies Limited held by them, directly or indirectly, at any time during the Financial Year 2025-26. The declaration was addressed to both the National Stock Exchange of India Limited and BSE Limited.

Copies of the disclosure were also submitted to the Company Secretary and the Audit Committee of Shadowfax Technologies Limited, at the company's registered office located at the 3rd Floor, Shilpitha Tech Park, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bangalore, Karnataka – 560103.

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.