Black Box Limited has informed the Exchange regarding allotment of 103950 securities pursuant to ESOP/ESPS 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 (face value Rs. 2) to eligible employees under the AGC Networks ESOP 2015 scheme at an exercise price of Rs. 85 per share. In a separate action, 84,189 equity shares were issued at Rs. 417 each (including a Rs. 415 premium) to two non-promoter allottees — Ushma Mehta (55,202 shares) and Eva Vaidya (28,987 shares) — upon conversion of warrants originally issued on September 27, 2024, with the balance 75% subscription amount of Rs. 3.51 crore received. The allotments raised the total issued and paid-up capital from 16,97,99,371 to 16,99,87,510 equity shares. No lock-in applies to the newly issued ESOP shares.
The combined allotment increases the share count by about 0.12%, resulting in very minor dilution for existing shareholders. The ESOP allotment signals employee retention activity, while the warrant conversion brings in approximately Rs. 3.51 crore of equity capital from non-promoter investors at a significant premium to face value, slightly strengthening the balance sheet.