Black Box Limited has informed the Exchange regarding allotment of 51000 securities pursuant to ESOP/ESPS at its meeting held on May 27, 2025
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Black Box Limited has allotted 51,000 equity shares to its employees pursuant to the Employee Stock Option Plan (ESOP) / Employee Stock Purchase Scheme (ESPS). The allotment was approved at the company's board meeting held on May 27, 2025. This is a routine issuance under the company's existing employee stock benefit scheme. The shares will increase the total paid-up equity capital of the company by 51,000 shares.
This is a minor, routine employee stock allotment that causes a small dilution to existing shareholders. It is unlikely to materially affect the stock price as the quantum of shares is very small relative to the company's overall capital base.