Shadowfax Technologies Limited has informed the Exchange regarding Allotment of 6,22,743 Shares of Rs. 10/- each to eligible employees/ESOP holders.
SHADOWFAX · price
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Shadowfax Technologies Limited has allotted 622,743 equity shares of Rs. 10 each to employees/ESOP holders who exercised their stock options under the Shadowfax Technologies Limited - Employee Stock Option Plan 2016. The allotment was approved via a circular resolution of the Board of Directors on May 5, 2026. Following this, the company's paid-up equity share capital increased from Rs. 582.99 crore (58.30 crore shares) to Rs. 583.62 crore (58.36 crore shares). This represents a dilution of approximately 0.107% from new share issuance. The company has informed both NSE and BSE of this regulatory compliance filing under SEBI Listing Regulations.
Existing shareholders will experience minor dilution as new shares are issued to employees exercising their ESOPs. The impact on stock price is likely negligible given the small size of the allotment relative to total shares outstanding.