Black Box Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 19, 2026
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Black Box Limited has called an EGM on June 19, 2026, seeking shareholder approval for three key proposals. First, the company wants authorization to raise funds up to Rs. 2,500 crores through issuance of various securities including equity shares, non-convertible debentures, warrants, and GDRs. Second, approval to enhance borrowing limits to Rs. 2,500 crores from banks, institutions, and other lenders. Third, authorization to create mortgage/charge on company assets to secure these borrowings. All three items require special resolution approval (75% shareholder vote). The EGM will be conducted via video conferencing with remote e-voting from June 16-18, 2026.
Shareholders face potential equity dilution if the capital raise is executed, while increased debt levels raise financial risk. However, the funds could support business growth. Voting participation is critical as these are significant governance matters.