Black Box Limited has successfully completed its preferential issue program, raising ₹386.36 crore through the conversion of 92,65,215 warrants into equity shares. The company announced the completion on March 30, 2026, marking the successful conclusion of the warrant conversion process initiated in September 2024.

Warrant Conversion Overview

The conversion involved all warrant holders exercising their rights in full, with no forfeiture or withdrawal. The warrants were converted at an issue price of ₹417 per share, demonstrating strong investor confidence despite volatile market conditions.

Promoter Participation and Shareholding

Promoters demonstrated strong commitment by participating meaningfully in the issue, contributing ₹200 crore, which represents 51.76% of the total capital infusion. Following the conversion, promoter shareholding stands at 69.99%, underscoring their long-term commitment and alignment with shareholders.

Management Commentary

Sanjeev Verma, Chief Executive Officer, expressed satisfaction with the successful completion, stating that the ₹386 crore infusion strengthens the balance sheet and provides flexibility to accelerate growth initiatives. The company remains focused on scaling digital infrastructure capabilities and expanding market presence.

Deepak Bansal, Chief Financial Officer, highlighted that the capital enhances the company's ability to invest in priority growth areas while maintaining disciplined capital allocation and operational efficiency.

Strategic Impact

The timely and complete conversion reflects strong confidence in Black Box's business fundamentals, growth strategy, and execution capabilities. The capital raise positions the company to capitalize on emerging opportunities across its global markets while delivering consistent value to customers and shareholders.

Black Box Limited operates as a global digital infrastructure integrator, delivering network and system integration services across the United States, Europe, India, Asia Pacific, Middle East, and Latin America, with approximately 4,000 professionals globally.

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.