Black Box EGM: Shareholders approve raising up to Rs 2,500 Cr via securities
BBOX · price
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Black Box Limited held an EGM on June 19, 2026. Shareholders approved three special resolutions with strong majority: (1) raising funds up to Rs 2,500 Crores via securities (99.90 percent in favor), (2) enhancing borrowing limits (99.87 percent in favor), and (3) authorising the Board to create security interests on company assets (99.90 percent in favor). Promoters voted 100 percent in favor on all three. About 80.57 percent of outstanding shares participated in voting.
Shareholders cleared a potential capital raise of up to Rs 2,500 Crores and higher borrowing limits. Possible dilution risk if equity securities are issued.