Press Release

~ SHADOWFAX Think ahead! July 31, 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: Press Release Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please find enclosed the press release on the Unaudited (standalone and consolidated) Financial results for the quarter ended June 30, 2026. The above information is also being made available on the website of the Company at https://www.shadowfax.in/investor-relations Kindly take the above information on record. For Shadowfax Technologies Limited Name: Krishnakanth Venkata Gangavarapu Designation: Company Secretary & Compliance Officer Membership No. A17291 Encl.: As Above Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN - U72300KA2015PLC150324 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 ~ SHADOWFAX Think ahead! P R E S S R E L E A S E Shadowfax Powers Ahead with 65% YoY Revenue Growth in Q1 FY27 - Revenue Surges to ₹1,358 Cr, Adj. EBITDA Margin Expands to 4.9% and PAT Hits an All-Time High of ₹65 Cr Bengaluru, 31st July, 2026: Shadowfax, India’s fastest growing third-party logistics company of scale, today announced its Q1 FY27 performance. Shadowfax delivered its strongest quarter to date, achieving record revenue, margins and profitability in a challenging operating environment. Revenue grew 64.9% YoY to ₹1,358 Cr, Adjusted EBITDA margin expanded to 4.9% and PAT reached an all-time high of ₹65 Cr. This marks the fifth consecutive quarter of 60%-plus revenue growth, with growth and margins now compounding together. Q1 FY27 Highlights │ Q1 sets the trajectory for another high-growth year after an exceptional FY26 Achieved the highest ever quarterly revenue of ₹1,358 Cr with a growth of 64.9% YoY and 9.8% QoQ, with sequential growth accelerating over Q4 FY26: • Delivered 24.7 Cr orders combined in express parcel and hyperlocal with shipment growth outpacing the market at scale. • Express Parcel revenue grew 87.3% YoY and 7.9% QoQ and Hyperlocal revenue grew 53.0% YoY and 17.0% QoQ • Ind AS EBITDA at ₹92 Cr (6.8% margin, 267% YoY growth), ~370 bps improvement YoY • Adjusted EBITDA at ₹67 Cr (4.9% margin, 181% YoY growth), ~200 bps improvement YoY while absorbing fuel and wage inflation alongside significant geographic expansion • PAT at ₹65 Cr (4.8% margin, 716% YoY growth), ~380 bps improvement YoY, the highest quarterly PAT in company history Metric Q1 FY27 Q1 FY26 YoY Growth QoQ Growth Revenue (₹ Cr) 1,358 824 64.9% 9.8% Orders (Cr) 24.7 13.5 83.3% 9.2% Ind AS EBITDA (₹ Cr) 92 25 264.1% 14.2% Ind AS EBITDA Margin 6.8% 3.1% +370 bps +21 bps Adj. EBITDA (₹ Cr) 67 24 181.1% 15.3% Adj. EBITDA Margin 4.9% 2.9% +204 bps +23 bps Net Profit (₹ Cr) 65 8 715.9% 17.2% Net Profit Margin 4.8% 1.0% +380 bps +31 bps Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN -U72300KA2015PLC150324 Regd. Off: 3rd Floor, Shilpitha Tech Park, Sy No. S5/3 & 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 ~ SHADOWFAX Think ahead! Technology at Scale AI and Product built for real business problems, live and delivering today • Shadowfax 360, recently launched as a self-serve digital shipping platform for SMEs, is compounding week on week with 1,200+ transacting SMEs in Q1 FY27 • Delivery Partner Buddy, an AI copilot for delivery partners, now handles ~16,000 rider conversations a day, with ~97% resolved without human intervention • Vision AI at pickup is catching ~40% of mismatched reverse pickups at the customer doorstep before they become losses, at ~35x lower inference cost than a frontier model Investing Today for Tomorrow’s Growth Largest network capacity addition in the company’s history to power the next phase of growth • Reached 16,372 pin codes this quarter - the largest pin code addition in our history, at almost eight new pin codes a day. With 5,095 touchpoints and more than 53 lakh square feet of operating space, Shadowfax now reaches deeper into Bharat’s towns and villages than ever before. • Invested ~₹60 Cr of capex during the quarter to strengthen national infrastructure - expanding the last mile network and adding sort-centre automation and capacity. • The result is a network that is faster, more reliable and more scalable - built ahead of demand and ready today to serve peak-season volumes and the next wave of category growth Commenting on the company’s performance, Abhishek Bansal, Co-founder and CEO of Shadowfax, said: “Q1 has been our best quarter yet - the most profitable in our history, with sequential growth sharper than in Q4 and growth momentum still building. “And we delivered all of this while stepping on the accelerator. We added more capacity and opened more pin codes than in any quarter in our history, taking our operating space to 53 lakh square feet. That capacity is already in place for the quarters ahead. From here, we scale it - deeper into Bharat, faster on service and stronger on margins. We are building one of India’s largest and most impactful logistics companies, and the best of that story is still ahead of us.” About Shadowfax Founded in 2015, Shadowfax is a new-age, technology-led, third-party logistics company, and leverages technology to facilitate digital commerce in India. The company serves a wide category of enterprise clients including horizontal and vertical ecommerce, quick commerce, food marketplace, and on-demand mobility companies, through a range of services that include express forward parcel, reverse pickups and hand-in-hand exchange, quick commerce and on-demand hyperlocal deliveries. Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN -U72300KA2015PLC150324 Regd. Off: 3rd Floor, Shilpitha Tech Park, Sy No. S5/3 & 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