Pursuant to Regulation 30 of SEBI Listing Regulation, please find enclosed herewith disclosure for incorporation and cessation of step down subsidiaries.
BBOX · price
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Black Box Limited has announced two key corporate actions under SEBI regulations. First, its step-down subsidiary Black Box Products FZE (UAE) has incorporated a new overseas subsidiary named Black Box Technologies Company in Saudi Arabia, fully owned by the step-down subsidiary. Second, the company has divested its associate Black Box DMCC through its step-down subsidiary Black Box Holdings Ltd for USD 4 million (approximately Rs 3.4 crore), effective December 31, 2025, subject to regulatory approvals. Additionally, AGC Networks L.L.C. in Abu Dhabi has ceased to be a step-down subsidiary following cancellation of its trade license approved on March 17, 2026. The divested associate had minimal contribution to the company's financials.
The divestments of Black Box DMCC and AGC Networks represent routine restructuring of the overseas subsidiary structure with minimal financial impact. The new Saudi Arabia subsidiary expands the company's geographic footprint in the Middle East. Overall, this is a low-impact housekeeping filing with no material effect on the company's core financials or shareholder value.