ESOP/ESOS/ESPS

,....S HADOWFAX Think aheadI October 16, 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: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 We would like to inform you that the Board of Directors of the Company in its meeting held today, i.e. on October 16, 2026, has accorded their approval for: i. Incorporation of a new wholly owned subsidiary company (“WOS”) of the Company. ii. Allotment of 49,098 equity shares of face value of Rs. 10/- each to eligible employees/ESOP holders who have exercised their stock options under Shadowfax Technologies Limited - Employee Stock Option Plan 2016 (“SFX ESOP 2016”). Consequent to the above allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 5,86,94,29,900/- (comprising 58,69,42,990 equity shares of Rs. 10/- each) to Rs. 5,86,99,20,880 /- (comprising 58,69,92,088 equity shares of Rs. 10/- each) The details as required under Para A and Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended) are provided in Annexure A and Annexure B respectively. The information will also be made available on Company’s website at https://www.shadowfax.in/investor-relations/stock-exchange-announcement Kindly take the above information on record. For Shadowfax Technologies Limited Krishnakanth Venkata Gangavarapu Company Secretary & Compliance Officer ICSI Membership No. A17291 Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN - L 72300KA2015PLC150324 Regd. Off: 3rd Floor, Shilpitha Tech Park, Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bangalore -560103, Karnataka, India Website: www.shadowfax.in/ Tel: 080-64525653/ Email: cs@shadowfax.in ,....S HADOWFAX Think aheadI ANNEXURE-A INCORPORATION OF NEW WHOLLY OWNED SUBSIDIARY The details as required under Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 (as amended) Sr. No Particulars Details 1. Name of the entity, date & country of Name: As may be made available by the incorporation concerned office of the Ministry of Corporate Affairs with suffix “SHADOWFAX”. Date of incorporation: yet to be incorporated Proposed Country of incorporation: India 2. Name of holding company of the Name of holding company: Shadowfax incorporated company and relation with Technologies Limited the listed entity Relation with the listed entity: Wholly owned subsidiary of Shadowfax Technologies Limited 3. Industry to which the entity being Logistics & other services incorporated belongs 4. Brief background about the entity Logistics & other services incorporated in terms of products / line of business 5. Brief details of any governmental The incorporation of the proposed WOS is or regulatory approvals required for subject to the approval of the concerned office the incorporation of the Ministry of Corporate Affairs. 6. Nature of consideration - whether cash Shadowfax Technologies Limited shall subscribe to consideration or share swap and details 100% of the initial paid-up share capital of the WOS of the same in cash. 7. Cost of subscription / price at which the The Company shall subscribe to the entire shares are subscribed initial paid-up share capital (issued at par value) of the WOS. 8. Percentage of shareholding / control by Percentage of shareholding/ control: 100% the listed entity and / or number of shareholding and control including beneficial shares allotted. ownership Number of shares allotted: The Company shall subscribe to the entire initial paid-up share capital of the WOS. Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN - L 72300KA2015PLC150324 Regd. Off: 3rd Floor, Shilpitha Tech Park, Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bangalore -560103, Karnataka, India Website: www.shadowfax.in/ Tel: 080-64525653/ Email: cs@shadowfax.in ,....S HADOWFAX Think aheadI ANNEXURE- B ALLOTMENT OF EQUITY SHARES UNDER SFX ESOP 2016 The details as required under Para B of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended). Sl. No Particulars Details a. brief details of options granted Not applicable, as the present disclosure is related to exercise of stock options b. whether the scheme is in terms of Yes SEBI (SBEB) Regulations, 2021(if applicable); c. Total number of shares covered by Each Option is convertible into 1 fully paid-up these options equity share having face value of Rs. 10/- each. 49,098 equity shares of face value of Rs. 10/- each are covered by stock options exercised, including requisite adjustment pursuant to corporate actions as provided under the SFX ESOP 2016. d. Pricing formula The exercise price is Rs. 10/- per Option e. Options vested Not Applicable f. Time within which option may be Not applicable, as the present disclosure is exercised related to exercise of stock options g. Options exercised 49,098 h. Money realized by exercise of options 4,90,980/- (including adjustment made to the number of ESOPs granted pursuant to issue of Bonus equity shares). i. The total number of shares arising as a 49,098 equity shares of face value of Rs. 10/- result of exercise of option each j. Options lapsed Not Applicable k. Variation of terms of options Not Applicable l. Brief details of significant terms Shares allotted shall rank pari passu in all respects with and carry the same rights as the existing fully paid-up equity shares of the Company. m. Subsequent changes or cancellation or Not Applicable exercise of such options n. Diluted earnings per share pursuant to Earnings per share as per audited financial issue of equity shares on exercise of results for the year ended March 31, 2026, on options consolidated basis: Basic EPS - Rs. 2.22/- Diluted EPS - Rs. 2.18/- Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN - L 72300KA2015PLC150324 Regd. Off: 3rd Floor, Shilpitha Tech Park, Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bangalore -560103, Karnataka, India Website: www.shadowfax.in/ Tel: 080-64525653/ Email: cs@shadowfax.in