Shadowfax Technologies Limited has informed the Exchange regarding Notice of Postal Ballot
SHADOWFAX · price
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Shadowfax Technologies Limited is seeking shareholder approval via postal ballot for two special resolutions. First, to amend and ratify the existing Employee Stock Option Plan 2016 (SFX ESOP 2016) to comply with current SEBI regulations following the company's IPO in January 2026. Second, to extend ESOP benefits to employees of subsidiary companies. The total approved options under the scheme are 5,30,38,365, of which 3,59,98,353 have been exercised as of March 31, 2026, leaving 1,70,40,012 options available. The e-voting period runs from April 8, 2026 to May 7, 2026. The resolutions are being put to shareholders as required by SEBI regulations for pre-listing ESOP plans.
Shareholders are being asked to approve ESOP amendments that will dilute equity but are aimed at retaining and motivating employees. The extension to subsidiaries may broaden the employee benefit program. No direct impact on dividend or stock price is expected from this announcement.