Shadowfax Grants 3,333 Stock Options Under ESOP 2016

Shadowfax Technologies Limited announced the grant of 3,333 Employee Stock Options (ESOPs) under its SFX ESOP 2016 plan. The options are granted at an exercise price of ₹10 per option and become effective from July 31, 2026. Each option is convertible into one fully paid-up equity share of face value ₹10. The options will vest after a minimum of 12 months from the grant date, with vesting criteria based on time and/or performance, subject to continued employment. All vested options can be exercised within five years from the vesting date. This move is part of the company's long-term incentive strategy for its employees.