Black Box Limited has informed the Exchange regarding allotment of 227626 Equity shares pursuant to conversion of warrants through circular resolution dated Jun 16, 2025
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Awaiting price reaction for this filing.
Black Box Limited has allotted 2,27,626 equity shares to four non-promoter allottees who converted their warrants into shares. The shares were issued at Rs. 417 each (face value Rs. 2 + premium of Rs. 415), bringing in a total of about Rs. 9.49 crore. These warrants were originally issued in September 2024 at the same price, and the allottees have now paid the remaining 75% balance to convert them. The company's paid-up share capital has increased from Rs. 33.91 crore to Rs. 33.96 crore (16.95 crore to 16.97 crore shares). After this conversion, about 75.98 lakh warrants are still pending conversion. Allottees include Ushma Mehta, Aptrans Portfolio Pvt Ltd, Manoj Mittal, and Manish Agarwal — all non-promoters.
Mildly dilutive for existing shareholders due to a small increase in share count, but the Rs. 9.49 crore inflow strengthens the company's capital base. Since these were warrants already disclosed and priced at Rs. 417, there is no surprise element — the market reaction is likely to be neutral.