Results of Postal Ballot through remote e-voting process
SHADOWFAX · price
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Shadowfax Technologies Ltd has announced the results of its postal ballot conducted via remote e-voting. Two special resolutions were passed on May 7, 2026. The first resolution approved amendments and ratification of the company's Employee Stock Option Plan 2016 (SFX ESOP 2016), while the second extended ESOP benefits to employees of subsidiary companies. Both resolutions received approximately 88.48% shareholder approval with over 405 million votes polled out of 581 million outstanding shares (69.7% voter turnout). The scrutinizer from BMP and Co. LLP confirmed the validity of the voting process.
Shareholders have approved key changes to Shadowfax's employee stock option plan, including extending ESOP eligibility to subsidiary employees. This signals management confidence and provides retention incentives across the group, though dilution from expanded ESOP usage could marginally impact per-share metrics.