ESOP/ESOS/ESPS

~ SHADOWFAX Think ahead! July 06, 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: Allotment of Equity Shares 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 Board of Directors (the "Board") of the Company vide circular resolution passed on July 06, 2026, allotted 1,00,200 equity shares of face value of Rs. 10/- each to eligible employees/ESOP holders who have exercised their stock options under SFX ESOP 2016. Consequent to the above allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs. 5,85,08,46,200 /- (comprising 58,50,84,620 equity shares of Rs. 10/- each) to Rs. 5,85,18,48,200 /- (comprising 58,51,84,820 equity shares of Rs. 10/- each). 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/ 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 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. 100,200 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 100,200 h. Money realized by exercise of options 10,02,000/- i. The total number of shares arising as a 1,00,200 equity shares of face value of Rs. result of exercise of option 10/- 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 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, options on consolidated basis: Basic EPS - Rs. 2.22/- Diluted EPS - Rs. 2.18/- 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