Black Box Limited has successfully completed the conversion of 12,48,247 convertible warrants into equity shares, marking the conclusion of its preferential issue program initiated in September 2024. The company announced the allotment of equity shares following the receipt of balance consideration from warrant holders who opted to exercise their conversion rights.

Warrant Conversion Details

The conversion process involved five allottees who paid the remaining 75% of the issue price to convert their warrants into equity shares. The warrants were originally allotted on September 27, 2024, at Rs. 417 per warrant with an 18-month conversion window.

Equity Share Allotment

The Board of Directors approved the allotment of 12,48,247 equity shares of face value Rs. 2 each at a premium of Rs. 415 per share through a circular resolution dated March 25, 2026. The total consideration received from all allottees amounted to Rs. 52,05,18,999, which includes the initial 25% payment made during warrant allotment.

Impact on Share Capital

The warrant conversion has resulted in an increase in the company's issued, subscribed, and paid-up capital. The shareholding structure shows varying levels of increase for different allottees, with some being new shareholders.

Shareholding Changes

The conversion has altered the shareholding pattern for the allottees. Sanjeev Verma's holding increased from 1.25% to 1.27%, while Ushma Mehta's stake rose from 0.42% to 0.78%. Black Hawk Properties Pvt Ltd and Rajesh Rautela became new shareholders with 0.22% and 0.03% stakes respectively.

Preferential Issue Completion

With this conversion, Black Box Limited has successfully concluded its preferential issue program. All 92,65,215 convertible warrants originally allotted have been fully converted into equity shares in accordance with applicable provisions and terms of issue. The newly allotted shares rank pari passu with existing equity shares of the company.

Black Box Limited has announced its participation in a virtual investor conference scheduled for March 24, 2026. The company has informed both the Bombay Stock Exchange and National Stock Exchange about this upcoming engagement as part of its regulatory disclosure obligations.

Conference Details

The investor meeting has been organized by PhillipCapital PCG and will be conducted in virtual mode. The conference details are structured as follows:

Regulatory Compliance

The company has made this disclosure pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Black Box Limited has emphasized that all discussions during the investor conference will be based exclusively on publicly available information.

Information Sharing Guidelines

The company has clearly stated that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions with analysts and institutional investors. This approach ensures compliance with regulatory requirements and maintains transparency in investor communications.

Operational Flexibility

Black Box Limited has noted that changes to the schedule may occur due to exigencies on the part of participants or the company. The disclosure was signed by Aditya Goswami, Company Secretary & Compliance Officer, on March 19, 2026.

This investor conference represents part of the company's ongoing engagement with the investment community and analysts to maintain transparent communication channels while adhering to regulatory frameworks.