Options to purchase securities

~ SHADOWFAX Think ahead! July 02, 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: Grant of Stock Options under “Shadowfax Technologies Limited - Employee Stock Option Plan 2016 (“SFX ESOP 2016”) Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”), we hereby inform you that the Nomination and Remuneration Committee of the Board of Directors of Shadowfax Technologies Limited (the “Company”) has granted 7,80,424 Stock Options to eligible employee(s) under the Company’s SFX ESOP 2016 at an exercise price of Rs. 10/- per option, with effect from July 01, 2026. 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) are provided in Annexure A. 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 Name: Krishnakanth Venkata Gangavarapu Designation: Company Secretary & Compliance Officer ICSI Membership No. A17291 Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN - U72300KA201SPLC150324 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! Annexure A 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 7,80,424 Employee Stock Options (“Options”) have been granted by the Nomination and Remuneration Committee (“NRC”) in terms of the SFX ESOP 2016 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. 7,80,424 equity shares of face value of Rs. 10/- each are covered by stock options granted 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 All Vested Options while in employment can exercised be exercised within a period of five years from the date of Vesting or such other period as may be determined by the Committee. g. Options exercised Not applicable, as the present disclosure is h. Money realized by exercise of options related to grant of stock options. i. The total number of shares arising as a result of exercise of option j. Options lapsed k. Variation of terms of options Not applicable l. Brief details of significant terms Options will vest after a minimum period of 12 months from the Grant Date. The details of Vesting will be as per the Letter of Grant, based on time and/or performance criteria, and subject to continued employment. All other terms are governed by the SFX ESOP 2016 of the Company. m. Subsequent changes or cancellation or Not Applicable, as the present disclosure is exercise of such options related to grant of stock options. n. Diluted earnings per share pursuant to Not Applicable, as the present disclosure is issue of equity shares on exercise of related to grant of stock options. options Shadowfax Technologies Limited (formerly known as Shadowfax Technologies Private Limited) CIN - U72300KA201SPLC150324 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