Shadowfax Technologies Ltd shares jump 5.79% as SEBI Reg 29 disclosure filed for NewQuest Asia Fund IV
Why did Shadowfax Technologies Ltd shares jump today?
Shares of Shadowfax Technologies Ltd surged 5.79% on Monday, closing the day at ₹288.9 as of 04:59 PM, driven by significant disclosure activity involving one of the company's major investors. The company's stock price movement came after the exchanges were formally notified about a series of share transactions by NewQuest Asia Fund IV (Singapore) Pte. Ltd., a key institutional investor in the company. The stock's strong uptick suggests that the market interpreted this regulatory disclosure as a positive signal about Shadowfax's long-term value and investor confidence.
According to a letter dated 2 October 2026, addressed to both the BSE Limited and the National Stock Exchange of India Limited, Shadowfax Technologies Ltd disclosed that NewQuest Asia Fund IV (Singapore) Pte. Ltd. sold a cumulative block of equity shares in multiple tranches. Specifically, the Singapore-based fund sold 20,00,000 equity shares on 1 September 2026, followed by 10,00,000 shares on 4 September 2026, 396 shares on 7 September 2026, 80,00,000 shares on 8 September 2026, and finally 40,00,000 shares on 30 September 2026. The company noted that the trade executed on 30 September 2026, when combined with all the preceding trades, cumulatively crossed the 2% threshold prescribed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, hence the mandatory disclosure requirement was triggered.
This disclosure is significant because it comes under the SEBI Takeover Regulations framework, which governs how large investors report substantial transactions in listed companies. While the fund has been offloading its stake over several weeks, the market's positive reaction — sending the shares up nearly 6% — likely reflects the fact that these transactions are now fully disclosed and transparent to all market participants. Institutional activity of this nature is closely watched by investors, as it can signal shifting sentiment among major holders. For Shadowfax Technologies Ltd, a Bengaluru-based technology logistics company, the market appears to be pricing in renewed interest in the stock, with the current price of ₹288.9 reflecting strong buying momentum on the day.
What does Shadowfax Technologies Ltd do?
Shadowfax Technologies Limited is a publicly listed company whose equity shares are traded on two major Indian stock exchanges — the BSE Limited on Dalal Street in Fort Mumbai and the National Stock Exchange of India Limited at Exchange Plaza in Bandra-Kurla-Complex, Mumbai. The company is incorporated with its corporate office located on the 3rd Floor of Shilpitha Tech Park at Sy No. 55/3 & 55/4, Outer Ring Road, Devarabisanahalli Village, Bellandur, Varthur Hobli, Bengaluru, Karnataka 560103. As a listed entity, Shadowfax Technologies Limited is subject to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, and it maintains dedicated corporate communications and investor relations functions, with contact channels including corp.relations@bseindia.com, cs@shadowfax.in, and investors@shadowfax.in for dealings with the exchanges and shareholders alike.
The company's shares form part of a substantial institutional investor base, with equity holdings held by international investment vehicles such as NewQuest Asia Fund IV (Singapore) Pte. Ltd. That investor stake was actively traded in September 2026 through a series of sales across five separate dates — 1 September, 4 September, 7 September, 8 September, and a final transaction later in the month — involving transactions in the range of 396 equity shares up to eighty lakh equity shares at a time. Such share movements by significant shareholders trigger formal disclosure obligations to both stock exchanges, and Shadowfax Technologies Limited files these notifications by e-mail directly to the BSE and the NSE, reflecting the structured regulatory reporting framework that governs its listed status and the transparency expected of a company whose equity is publicly traded in India.
Shadowfax Technologies Ltd Financials
In CroresShadowfax Technologies Ltd reported revenue of ₹1,237.09 crores for the quarter ending March 2026, which increased to ₹1,358.12 crores in the quarter ending June 2026, reflecting a sequential growth of approximately 9.8% in top-line performance. On the profitability front, the company earned a profit of ₹55.83 crores in the March 2026 quarter, rising to ₹65.4 crores in the June 2026 quarter, marking a growth of around 17.2%. Both revenue and profit figures indicate a positive quarter-over-quarter uptrend, with profit growing at a faster pace than revenue, suggesting an improvement in margins between the two periods. Overall, the data points to an expansionary phase for the company across both its top and bottom lines during the observed window.
Shadowfax Technologies Ltd Shareholding Pattern
Promoter holding stands at 16.51% of the total share capital. Foreign Institutional Investors (FIIs) hold 8.78% stake in the company, while Domestic Institutional Investors (DIIs) hold 19.1%. Public shareholders hold the remaining 55.62% stake in Shadowfax Technologies Ltd.
Shadowfax Technologies Ltd FAQs
Q: Why did Shadowfax shares jump 5.79% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NewQuest Asia Fund IV (Singapore) Pte Ltd. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Shadowfax Technologies Ltd?
As per the latest data, promoters hold 16.51% stake in Shadowfax Technologies Ltd, while FII holding stands at 8.78%. Domestic institutional investors hold 19.1%, and public shareholders account for 55.62% of the equity.
Q: What is the current stock price of Shadowfax Technologies Ltd?
Shadowfax Technologies Ltd shares are currently trading at ₹288.9, recording a gain of 5.79% from the previous close.
Q: What is the market capitalization of Shadowfax Technologies Ltd?
The company currently has a market capitalization of ₹16956.78 crore, reflecting its valuation in the Indian equity market.