Black Box Limited has submitted newspaper advertisement clippings to the stock exchanges confirming the circulation of the Notice for its Extra Ordinary General Meeting (EGM) scheduled on June 19, 2026. The meeting, to be held via video conferencing at 11:00 AM IST, seeks shareholder approval to raise funds up to ₹2,500 crore through the issuance of various securities.

The Board of Directors aims to utilize the proposed capital to support organic and inorganic growth initiatives, including capacity expansion and investments in AI-led technologies and digital infrastructure. The funds may be used for augmenting long-term capital resources, funding expansion plans, strengthening market position, and for general corporate purposes. The company expects these initiatives to align with its strategic vision of scaling operations to achieve revenues of approximately US$2 billion in the coming years.

Agenda for the EGM

The EGM will transact the following special business:

Fund Raising Approval

Shareholders will consider a special resolution to approve the raising of funds up to ₹2,500 crore. This authorization encompasses the issuance of equity shares, fully or partly convertible debentures, preference shares, Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), and other financial instruments. The securities may be issued through public offers, private placements, Qualified Institutions Placement (QIP), or preferential allotment in one or more tranches.

Borrowing Limits Enhancement

The company seeks approval to enhance its borrowing limits from the existing ₹1,000 crore to ₹2,500 crore. This increase is intended to meet present and future financial requirements for business operations, capital expenditure, strategic initiatives, acquisitions, and working capital needs.

Authorization for Security Interests

Shareholders will vote on a resolution to authorize the Board to create security interests over the company's undertaking or substantially the whole of its undertaking. This authorization is required to secure borrowings availed or to be availed by the company from banks, financial institutions, or other lending agencies.

Key Meeting Details

The facility for remote e-voting will be provided by National Securities Depository Limited (NSDL). Members whose names appear in the Register of Members as on the cut-off date of June 12, 2026, are eligible to cast their votes. The scrutinizer for the e-voting process is M/s. S. K. Jain & Co, Practising Company Secretary.

Black Box Limited reported a consolidated net profit of ₹218 crore for the financial year ended March 31, 2026, a 6% increase from ₹205 crore in FY25. Revenue from operations for the year rose 6% to ₹6,322 crore, driven by strong momentum in data center and digital infrastructure solutions. The Board of Directors has recommended a final dividend of 50%, or ₹1 per equity share of face value ₹2 each, subject to shareholder approval.

Consolidated Performance Highlights

The company delivered steady growth across key financial metrics in Q4 FY26, with revenue rising 9% year-on-year to ₹1,691 crore and EBITDA increasing 12% to ₹164 crore. Profit after tax for the quarter stood at ₹65 crore, compared to ₹60 crore in the corresponding period of the previous year. EBITDA margins improved to 9.7% in Q4 FY26 from 9.5% in Q4 FY25.

The following table summarises the key financial metrics for the quarter and year:

Business Highlights and Order Book

Black Box closed FY26 with an order backlog of approximately $792 million (₹7,000 crore), up 57% year-on-year, providing strong revenue visibility for FY27. During Q4 FY26, the company secured new orders worth $377 million (₹3,331 crore). Key wins included a $75 million data center services engagement from a leading US-based global hyperscaler and a multi-year strategic engagement worth over $90 million with a major U.S. international airport.

The company also secured multiple orders totalling ~$19 million from marquee US healthcare and pharmaceutical clients, a $7 million engagement from a major retail chain, and a $3.3 million order from a travel company. In India, Black Box secured engagements totalling ~$2.4 million from a leading telecom operator and ~$1.8 million from a prominent PSU bank.

Strategic and Financial Updates

Strengthening its global footprint, Black Box completed the acquisition of Brazil-based 2S Inovações Tecnológicas S.A. effective May 1, 2026. The acquisition is expected to contribute approximately ₹500 crore in annualized revenue and enhances capabilities in data center networking and managed infrastructure services.

The company successfully raised ₹386.36 crore through the conversion of warrants issued on September 27, 2024. A total of 92,65,215 warrants were converted into equity shares at an issue price of ₹417 per share. Promoters contributed ₹200 crore, representing 51.76% of the total capital infusion, increasing their shareholding to 69.99%.

Regulatory Disclosures

M/s. M S K A & Associates LLP, Statutory Auditors of the Company, issued an unmodified opinion on the audited standalone and consolidated financial statements for the year ended March 31, 2026. The auditors drew attention to delays in remittance of import payments and repatriation of export proceeds aggregating to ₹29.37 crore and ₹6.73 crore respectively, outstanding as of March 31, 2026. The management has filed applications with the appropriate authority for extension of time limits and condonation of delays.