Black Box Limited has informed the Exchange regarding allotment of 5995 securities pursuant to Preferential Issue at its meeting held on July 14, 2025
BBOX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Black Box Limited has allotted 5,995 equity shares to a non-promoter allottee, Priyamvada Mallavarpu, upon conversion of equal number of convertible warrants. The warrants were originally issued on September 27, 2024 at Rs. 417 per warrant (face value Rs. 2 + premium Rs. 415). The allottee paid the balance 75% consideration of Rs. 18.75 lakh, bringing total consideration received to Rs. 24,99,915. The company's paid-up equity capital has increased from 16,97,93,376 shares to 16,97,99,371 shares. After this conversion, 75,91,934 warrants remain outstanding for future conversion.
This is a routine warrant-to-equity conversion with minimal dilution (5,995 shares is negligible compared to the ~16.98 crore share base). The conversion price of Rs. 417 was fixed in September 2024, so the allotment price is at a premium to face value. No material impact on share price or shareholder value is expected.