Please find enclosed herewith Notice of the Extra Ordinary General Meeting to be held on June 19, 2026
BBOX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Black Box Limited has called an EGM on June 19, 2026 at 11:00 AM via video conferencing. Three special resolutions are on the agenda: (1) seeking shareholder approval to raise funds up to Rs. 2,500 Crores through equity shares, NCDs, warrants, GDRs, QIP, or other securities via public or private placement; (2) enhancing the company's borrowing limit to Rs. 2,500 Crores under Section 180(1)(c) of the Companies Act; and (3) authorizing the Board to create security interests (mortgages/charges) over company assets to secure those borrowings. The QIP, if used, must be completed within 365 days of the resolution, with a maximum 5% discount on the floor price. Remote e-voting runs from June 16 to June 18, 2026, with a cutoff date of June 12, 2026.
The Rs. 2,500 Crores capital raise authorization is highly dilutive and could significantly impact existing shareholders' equity value. The combined borrowing and security resolutions give the Board substantial financial flexibility, which may increase leverage and debt obligations.