Black Box Limited has informed the Exchange regarding allotment of 84189 securities pursuant to Convertible Securities at its meeting held on August 13, 2025
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Black Box Limited's board, at its meeting on August 13, 2025, allotted 1,03,950 equity shares of Rs. 2 each to ESOP holders at Rs. 85 per share under the AGC Networks ESOP 2015 scheme. Separately, 84,189 equity shares were allotted at Rs. 417 each (including Rs. 415 premium) upon conversion of warrants to two non-promoter allottees — Ushma Mehta (55,202 shares) and Eva Vaidya (28,987 shares) — bringing in a total of Rs. 3.51 crore as the balance 75% consideration. The warrants had been originally issued on September 27, 2024 on a preferential basis. As a result, the company's total issued and paid-up equity capital increased from 16,97,99,371 to 16,99,87,510 shares of Rs. 2 each.
Minor equity dilution for existing shareholders due to fresh share issuance, though the impact is small given the scale. The warrant conversion converts pre-committed capital into equity from non-promoter investors, strengthening the equity base without any new fundraising from the market.