Black Box Limited has informed the Exchange regarding allotment of 1,67,868 securities pursuant to conversion of warrants under preferential issue at its meeting held on May 27, 2025
BBOX · price
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Awaiting price reaction for this filing.
Black Box Limited allotted a total of 2,18,868 equity shares on May 27, 2025 in two tranches. First, 51,000 shares were issued to eligible employees at Rs. 21.4 per share under the ESOP 2015 scheme. Second, 1,67,868 equity shares were allotted to Ushma Mehta (a non-promoter) at Rs. 417 per share (face value Rs. 2 plus premium of Rs. 415) upon conversion of warrants originally issued on September 27, 2024, with total consideration of about Rs. 7 crore received. After these allotments, the company's paid-up equity capital rose from Rs. 33.87 crore to Rs. 33.91 crore, with total issued shares increasing from about 16.93 crore to 16.96 crore. Ushma Mehta's post-issue shareholding stands at just 0.10% of the company.
Minor dilution for existing shareholders due to the small number of shares issued; the warrant conversion signals continued investor interest from the non-promoter allottee. No major impact on stock price expected given the negligible change in capital structure.