Shadowfax Technologies Grants 3,333 Stock Options Under SFX ESOP 2016
Shadowfax Technologies Limited granted 3,333 stock options under its SFX ESOP 2016 plan. The exercise price is ₹10 per option. Options vest after 12 months and are exercisable within five years of vesting. The grant is effective July 31, 2026.
The grant of a small number of stock options is a routine event and is unlikely to have a significant impact on the company's overall financial performance or market valuation.
The announcement details the routine grant of stock options to employees, which is a standard practice and does not inherently indicate positive or negative performance for the company.
Shadowfax Technologies Limited announced the grant of 3,333 Employee Stock Options (ESOPs) under the "Shadowfax Technologies Limited - Employee Stock Option Plan 2016" (SFX ESOP 2016). The Nomination and Remuneration Committee of the Board of Directors approved the grant, with each option exercisable at ₹10 per option.
The options are convertible into one fully paid-up equity share of face value ₹10 each. The options will vest after a minimum period of 12 months from the grant date, with vesting details determined by the Letter of Grant based on time and/or performance criteria, subject to continued employment. All vested options can be exercised within five years from the date of vesting or as determined by the Committee, provided the employee remains in employment.
This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations. Further details are available on the company's website at https://www.shadowfax.in/investor-relations/stock-exchange-announcement. The grant is effective from July 31, 2026.
What to do with a filing like this
Shadowfax Technologies Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Shadowfax Technologies Limited. Read the original for the full detail.