Board approves new wholly owned subsidiary; allots 49,098 ESOP shares
Board approved incorporating a new wholly owned subsidiary in India for logistics & other services; Shadowfax will hold 100% and subscribe to its entire initial paid-up capital in cash.
By ScoutQuest · · 2 min read
- New Subsidiary
- incorporating a new wholly owned subsidiary in India for logistics & other services
- Subsidiary Shareholding
- Shadowfax will hold 100% and subscribe to its entire initial paid-up capital in cash
- ESOP Allotment
- allotted 49,098 ESOP shares of Rs. 10/- each
Two decisions from the board on October 16, 2026
A new wholly owned subsidiary
- The new entity is to be incorporated in India, with a name carrying the suffix "SHADOWFAX".
- Business: Logistics & other services.
- Shadowfax Technologies Limited will be the holding company, with 100% shareholding and control, including beneficial ownership.
- The Company shall subscribe to the entire initial paid-up share capital of the subsidiary, issued at par value, in cash.
- The entity is yet to be incorporated, and the incorporation is subject to the approval of the concerned office of the Ministry of Corporate Affairs.
Allotment under SFX ESOP 2016
- 49,098 equity shares of face value Rs. 10/- each were allotted to eligible employees/ESOP holders who exercised their stock options under the Shadowfax Technologies Limited - Employee Stock Option Plan 2016.
- Each option is convertible into 1 fully paid-up equity share of face value Rs. 10/- each.
- Exercise price: Rs. 10/- per Option. Money realized by exercise of options: 4,90,980/- (including adjustment made to the number of ESOPs granted pursuant to issue of bonus equity shares).
- The shares allotted rank pari passu in all respects with, and carry the same rights as, the existing fully paid-up equity shares.
Where the share capital stands now
- Before this allotment: ~Rs. 586.94 crore, comprising ~58.69 crore equity shares of Rs. 10/- each.
- After this allotment: ~Rs. 586.99 crore, comprising ~58.7 crore equity shares of Rs. 10/- each.
Earnings per share
- Diluted earnings per share given for the audited consolidated financial results for the year ended March 31, 2026: Basic EPS Rs. 2.22/- and Diluted EPS Rs. 2.18/-.
How to read this
One decision adds a new company to the group - a step that depends on Ministry of Corporate Affairs approval, with the business line stated as logistics & other services. The other decision issues equity shares that employees were already entitled to under the ESOP 2016 scheme, against an exercise price of Rs. 10/- per option, which brings in Rs. 4,90,980/- and adds 49,098 shares to the existing ~58.69 crore shares.
Also from Shadowfax Technologies
Shadowfax schedules Q2 FY27 earnings call for October 29, 2026 at 5:00 p.m. IST after board approval of results
23 Oct 2026
Board meeting on October 29, 2026 to approve Q2 and H1 FY27 unaudited results
23 Oct 2026
CIN changes; MCA status moves from 'Unlisted' to 'Listed'
14 Oct 2026
More numbers
- Equity shares allotted under SFX ESOP 201649,098
- Paid-up equity share capital before allotmentRs. 5,86,94,29,900/-
- Paid-up equity share capital after allotmentRs. 5,86,99,20,880/-
- Total equity shares before allotment58,69,42,990
- Total equity shares after allotment58,69,92,088
- Money realized by exercise of options4,90,980/-
- Exercise price per optionRs. 10/-
- Basic EPS, audited consolidated, year ended March 31, 2026Rs. 2.22/-
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