Shadowfax Technologies Limited has announced the full operational launch of OneNCR, its largest automated sortation facility to date, marking a significant milestone in the company's network expansion strategy. The facility represents an investment of approximately ₹50 crore and spans 2.1 lakh sq. ft. in the NCR region.

Advanced Automation Capabilities

The OneNCR facility showcases cutting-edge logistics technology with impressive processing capabilities that position it among the industry leaders in India.

The facility's automated sorter represents benchmark performance levels within the Indian logistics industry, designed to serve as the primary operational hub for Shadowfax Prime, the company's dedicated same-day and next-day delivery vertical.

Operational Efficiency Through Single-Touch Model

OneNCR operates on a high-efficiency single-touch logistics model that fundamentally redefines traditional logistics workflows. This innovative approach enables 80% of shipments to be directly manifested for last-mile delivery at the origin point, significantly reducing both handling errors and transit times.

Key operational features include:

• Connectivity: Up to 80 direct linehaul routes that bypass intermediate hubs
• Precision: Capability to perform over 3,000 unique origin-level sorts
• Versatility: Additional semi-automated lines can handle up to 20,000 shipments per hour
• Specialized Processing: Dedicated bag/box sortation capacity of up to 6,000 shipments per hour

Strategic Market Positioning

Abhishek Bansal, Chairman, Managing Director, and CEO at Shadowfax, emphasized the strategic importance of the investment: "Network ownership is the bedrock of long-term operating leverage in the express business. Investing in OneNCR is a significant step toward building state-of-the-art sort centers that will give us a competitive advantage from both speed and cost standpoints."

The facility's strategic location and industry-leading throughput capacity position Shadowfax to capitalize on the expanding demand for speed and reliability in India's growing D2C and e-commerce sectors. OneNCR enables brands and marketplaces to offer customers seamless, time-definite delivery experiences through the Shadowfax network.

Company Overview

Shadowfax operates as India's leading on-demand tech-enabled logistics platform, providing comprehensive last-mile, mid-mile, and pan-India delivery solutions. The company serves brands and marketplaces across 2,500 cities and more than 15,166 pin codes throughout India.

ICICI Prudential Mutual Fund has made a significant investment in Shadowfax Technologies Limited, acquiring 10,46,666 shares on February 17, 2026, which pushed its total shareholding above the 5% regulatory threshold. The acquisition was completed through secondary market purchases and has triggered mandatory disclosure requirements under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Shareholding Details and Transaction Impact

The mutual fund's strategic acquisition has resulted in a notable increase in its stake in the logistics technology company. Prior to this transaction, ICICI Prudential Mutual Fund held 2,87,26,639 shares, representing 4.97% of Shadowfax Technologies' total voting capital.

Company Structure and Investment Rationale

Shadowfax Technologies Limited maintains its equity share capital at ₹ 5,78,13,32,450, comprising 57,81,33,245 shares with a face value of ₹10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, providing liquidity for institutional investors like ICICI Prudential Mutual Fund.

The fund has explicitly stated that this acquisition is made from an investment perspective and not with the objective of seeking any controlling interest in the company. This clarification is significant as it indicates the fund's intention to remain a financial investor rather than pursue strategic control.

Regulatory Compliance and Disclosure

The transaction has triggered compliance requirements under Regulation 29(1) of SEBI's takeover regulations. Key regulatory aspects include:

• Transaction Date: February 17, 2026
• Disclosure Date: February 18, 2026
• Mode of Purchase: Secondary market transactions
• Regulatory Threshold: Crossed 5% substantial acquisition limit

Market and Investment Implications

The acquisition represents ICICI Prudential Mutual Fund's confidence in Shadowfax Technologies' business prospects and growth potential. As one of India's leading asset management companies, the fund's investment decisions often reflect broader market trends and sector opportunities in the logistics and technology space.

The transaction was executed entirely through equity shares carrying voting rights, with no involvement of warrants, convertible securities, or other complex financial instruments. This straightforward approach indicates a direct equity investment strategy by the mutual fund in the target company.