SHADOWFAX TECHNOLOGIES LIMITED — Capital/Financing Update 2026

Apr 21, 2026

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April 21, 2026

To

National Stock Exchange of India Ltd Exchange Plaza, C/1, Block G, Bandra Kurla Complex, Bandra (East) Mumbai – 400 051 NSE Symbol: SHADOWFAX

BSE Limited P J Towers, Dalal Street, Mumbai – 400 001 BSE Scrip Code: 544685

Dear Sir/ Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Launch of Shadowfax 360

We are pleased to inform the exchanges that Shadowfax Technologies Limited ("the Company") will be launching Shadowfax 360 , a proprietary unified digital shipping portal designed to enable Small and Medium Enterprises (SME) and Direct to Consumer (D2C) brands to register and commence shipping in minutes.

We are enclosing herewith a press release issued by the Company on the captioned subject as Annexure A.

The details as per requirement of Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026, are given in Annexure B.

The above information is also available on the website of the Company at https://www.shadowfax.in/investor-relations/stock-exchange-announcement

Kindly take the above information on record.

For Shadowfax Technologies Limited

KRISHNAKANTH Digitally signed by VENKATA KRISHNAKANTH VENKATA GANGAVARAPU GANGAVARAPU Date: 2026.04.21 10:19:40 +05'30'

_________________________________ Name: Krishnakanth Venkata Gangavarapu Designation: Company Secretary & Compliance Officer Membership No. A17291

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Annexure A

Shadowfax Launches ‘Shadowfax 360’ Digital Shipping Platform for SMEs and D2C Brands

National | April 21, 2026 – Shadowfax Technologies Limited, India’s fastest-growing third-party logistics company, today announced the launch of Shadowfax 360 , a unified digital shipping platform built to empower India’s SME and D2C ecosystem.

Shadowfax 360 provides small sellers and emerging brands with immediate access to an enterprisegrade network covering 15,000+ pincodes across 2,500 cities. Designed to solve core merchant pain points, the platform features a first-of-its-kind transparent flat-rate billing model that eliminates weight-based disputes, one-click integrations with major sales channels like Shopify and WooCommerce, and an AI-driven RTO Predictor to minimize return risks. To support SME liquidity, the platform also offers the industry’s fastest Cash on Delivery (COD) remittance cycles. The selfserve portal enables businesses to bypass traditional logistics onboarding hurdles, allowing them to register and start nationwide shipping in minutes. Unlike traditional logistics partnerships that demand volume commitments, Shadowfax 360 imposes no minimum order requirements - making enterprise-grade logistics accessible to every SME, regardless of size or stage.

The launch marks an important step in the Company’s efforts to scale its seller ecosystem and diversify its merchant base beyond enterprise and marketplace relationships - expanding to a broader base of online-first SMEs, early-stage D2C brands and marketplace-first sellers transitioning to owned-channel commerce. The Company expects Shadowfax 360 to be a meaningful driver of new customer acquisition in the years ahead, contributing to volume growth and revenue diversification.

“Shadowfax 360 is how we bring thousands of new customers into our network and make Shadowfax the default logistics partner for SME and D2C commerce in India. We see this as a significant lever to help us scale our business and diversify our merchant base over time.” — Praharsh Chandra, Whole-time Director and CBO, Shadowfax Technologies Limited

Availability

Shadowfax 360 is available effective immediately. SMEs and D2C brands may register at www.shadowfax360.in and begin shipping within minutes of sign-up.

About Shadowfax Technologies Limited

About Shadowfax: Shadowfax is India’s leading on-demand tech-enabled logistics platform in India, providing a comprehensive suite of last-mile, mid-mile, and cross-border delivery solutions for brands and marketplaces across 2500 cities and more than 15100 PIN codes.

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Annexure B

Additional Details as required under Regulation 30 and other relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Sl. No	Particulars	Details
1	Name of the Product	Shadowfax 360
2	Date of Launch	April 21, 2026
3	Category of the Product	Tech enabled
4	Whether it caters to Domestic /international Market	Domestic only
5	Name of the country in which theproduct is launched	India only
6	Key Features	Self-serve web platform with no integration ortechnical setup required.Accessible to all seller types: early-stage D2C brands,Shopify/WooCommerce sellers, marketplace-to-D2Ctransitions, and mid-market brands.Flat billing — no per-gram disputes.Fastest COD remittance in the industry.RTO Predictor — pre-shipment return likelihoodassessment for informed dispatch decisions.Secure, enterprise-grade platform infrastructure.
7	Rationale	To accelerate new seller acquisition, diversify theCompany’s merchant base beyond enterprise andmarketplace accounts, and establish Shadowfax as thedefault logistics partner for India’s D2C and SMEecosystem. The portal is expected to be a meaningfuldriver of volume growth and revenue diversificationin the years ahead.

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