Black Box EGM approves fundraising plan of up to Rs 2,500 Crores
BBOX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Black Box held its EGM on June 19, 2026 via video conferencing with 34 members present out of 72,289 shareholders. Three special resolutions were considered: approval to raise funds up to Rs 2,500 Crores through securities issuance, enhancement of borrowing limits, and authorising the Board to create security interests over the company's undertaking under Section 180(1)(a). Management explained the funds will support growth strategy and revenue opportunities. Resolutions are deemed passed subject to the scrutinizer's report, with voting results to be announced within 48 hours.
Major capital raise of up to Rs 2,500 Crores may lead to equity dilution; higher debt limit could increase leverage. Await voting results for confirmation.