News Verification

July 14, 2026 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C/1, Block G, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (East) Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: SHADOWFAX BSE Scrip Code: 544685 Dear Sir/ Madam, Sub: Clarification/Confirmation on news item appearing in https://www.moneycontrol. com Dear Madam/ Sir, This is with reference to the information sought by NSE and BSE on July 14, 2026, regarding clarification/ confirmation sought on the recent news appeared in https://www.moneycontrol.com on July 13, 2026, titled “Flipkart likely to sell stake worth Rs. 700 crore on Shadowfax Technologies” (“News Item”) In relation to the same, we would like to clarify that: Whether such negotiations were taking The Company is not aware of any place? If so, you are advised to provide negotiations as referred to in the News the said information along with the Item sequence of events in chronological order from the start of negotiations till date Whether you/company are aware of any The Company is not aware of any information that has not been announced information that has not been disclosed to to the Exchanges which could explain the the exchanges which could explain the aforesaid movement in the trading? movement in the trading price of our shares. In case of regulatory/legal proceedings Not applicable please provide the information on initiation / outcome of the proceedings. Further, as mentioned above, since the Company is not aware of any negotiations, we are unable to comment on whether the News Item published in https://www.moneycontrol.com dated July 13, 2026, is factually incorrect or otherwise. Kindly take the above information on record. For Shadowfax Technologies Limited Name: Krishnakanth Venkata Gangavarapu Designation: Company Secretary & Compliance Officer ICSI Membership No. A17291