Shadowfax Technologies Limited has submitted the Exchange a copy of Srutinizer's report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SHADOWFAX · price
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Shadowfax Technologies Limited has disclosed the results of a postal ballot conducted through remote e-voting, where shareholders approved two special resolutions related to the company's employee stock option plan. Resolution 1 sought approval to amend and ratify the Shadowfax Technologies Limited Employee Stock Option Plan 2016 (SFX ESOP 2016), while Resolution 2 sought to extend the benefits of this ESOP plan to employees of subsidiary companies. Both resolutions were passed with 88.48% votes in favour and 11.52% against. The voting took place from April 8, 2026 to May 7, 2026, with approximately 69.70% of total shares (about 405 million out of 581 million outstanding shares) participating in the vote.
The approval of ESOP amendments and their extension to subsidiary employees indicates the company is expanding its employee retention and incentive programmes across the group. This may lead to dilution of existing shareholders' stake but signals management's focus on talent retention and alignment of employee interests with shareholders.