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.

Shadowfax Technologies Limited allotted 6,22,743 equity shares of face value Rs. 10/- each to eligible employees and ESOP holders on May 05, 2026. The allotment was made under the company's Employee Stock Option Plan 2016, referred to as SFX ESOP 2016, following the exercise of stock options by eligible participants. The Board of Directors approved the allotment through a circular resolution passed on the same date. This disclosure was made to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Capital Impact

The allotment of 6,22,743 equity shares has resulted in a corresponding increase in the company's issued, subscribed, and paid-up equity share capital. The following table summarises the change in share capital consequent to this allotment:

Regulatory Disclosure

The allotment information was disclosed to both the National Stock Exchange of India Ltd and BSE Limited in accordance with applicable listing regulations. The company has also indicated that the information will be made available on its investor relations webpage at https://www.shadowfax.in/investor-relations/stock-exchange-announcement . The disclosure was signed by Krishnakanth Venkata Gangavarapu, Company Secretary and Compliance Officer, holding ICSI Membership No. A17291.

About the Company

Shadowfax Technologies Limited, formerly known as Shadowfax Technologies Private Limited, is registered under CIN U72300KA2015PLC150324. The company's registered office is located at 3rd Floor, Shilpitha Tech Park, Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bangalore - 560103, Karnataka, India.