Black Box Limited has announced the outcome of its board meeting held on February 11, 2026, approving Q3FY26 unaudited financial results and key corporate decisions including equity share allotment and senior management appointments. The company has also made available the earnings call recording for stakeholder access.

Financial Performance Overview

The company delivered strong Q3FY26 performance with consolidated revenue reaching ₹1,659.58 crores compared to ₹1,501.72 crores in Q3FY25, representing 11% year-on-year growth. Net profit for the quarter stood at ₹49.68 crores against ₹56.08 crores in the corresponding period last year.

Nine Months Performance

For the nine months ended December 31, 2025, consolidated revenue reached ₹4,630.91 crores compared to ₹4,422.33 crores in the corresponding period last year, representing 5% growth. Net profit for 9MFY26 stood at ₹152.76 crores against ₹144.31 crores in the previous year, showing 6% improvement.

Equity Share Allotment

The board approved allotment of 8,179 equity shares of ₹2 each at a premium of ₹415 per share to Manish Agarwal (Non-Promoter) pursuant to conversion of equal number of convertible warrants. The total consideration received was ₹34,10,643.

Following this allotment, the company's paid-up capital increased from 17,04,82,543 equity shares aggregating to ₹34,09,65,086 to 17,04,90,722 equity shares aggregating to ₹34,09,81,444. After the current allotment, 70,04,533 warrants remain outstanding for conversion.

Senior Management Appointments

The board approved eight officials as Senior Management Personnel based on revised organizational hierarchy:

Earnings Call Recording Available

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Black Box Limited has made available the audio recording of the earnings call hosted on February 12, 2026, for Q3 & 9M FY26 unaudited financial results. The recording link has been shared with stock exchanges for dissemination to all stakeholders. Company Secretary & Compliance Officer Aditya Goswami communicated this information to BSE and NSE through official correspondence.

Exceptional Items Impact

The company reported exceptional expenses of ₹21.92 crores in Q3FY26, including ₹13.96 crores for severance expenses, ₹2.56 crores for lease foreclosure, and ₹5.55 crores impact from New Labour Codes implementation effective November 21, 2025.

Regulatory Compliance

The board meeting commenced at 7:45 PM and concluded at 10:25 PM on February 11, 2026. The financial results were prepared in accordance with Indian Accounting Standard 34 and reviewed by statutory auditors MSKA & Associates LLP.

Black Box Limited has announced a significant acquisition in the Brazilian market through its step-down subsidiary. The company disclosed that Black Box Do Brasil Indústria e Comércio Ltda. has entered into a definitive agreement to acquire 2S Inovações Tecnológicas, a leading Brazilian solutions integrator specializing in IT infrastructure, technologies, and managed services.

Acquisition Details

The transaction involves a comprehensive acquisition structure with multiple payment components:

The acquisition does not fall under related party transactions, and no promoter or group companies have any interest in the target entity. The transaction is subject to customary closing conditions, certain consents and approvals.

About 2S Inovações Tecnológicas

2S Inovações Tecnológicas is a well-established Brazilian technology solutions provider with a strong market presence spanning over 35 years. Founded in 1992 and based in São Paulo, Brazil, the company has evolved into a comprehensive end-to-end technology partner serving primarily private-sector customers across Global Enterprise, Enterprise, Mid-market, and Small and Medium Business segments.

Service Portfolio and Capabilities

2S offers a comprehensive range of technology solutions and services across multiple domains:

Core Service Offerings:

• Enterprise Networks including LAN, WAN, SD-WAN, Wi-Fi 6/6E/7, IoT, and Industrial Solutions
• Datacenter and Cloud Solutions encompassing Servers, ACI, Hyperconverged Infrastructure, Multi-Cloud, and AI Solutions
• Cybersecurity and Network Protection covering IT & OT Security, Zero Trust, SASE, Firewalls, Endpoint and Data Protection
• Digital Workplace & Collaboration solutions including Webex, Teams, Zoom, Contact Center and Calling Solutions
• Observability and Performance Management
• Implementation, Integration, and Project Management Services
• Managed Services, Maintenance, Monitoring & NOC with 24x7 support
• IaaS and OPEX-based cloud offerings

Financial Performance Track Record

2S has demonstrated consistent growth in recent years, with revenue figures based on Brazil GAAP:

Strategic Rationale

The acquisition aligns with Black Box Limited's long-term strategic objectives to expand its presence in Latin America and strengthen its end-to-end service portfolio. The transaction is expected to accelerate growth in high-value managed and recurring services, leveraging 2S's established customer base and comprehensive service capabilities in the Brazilian market. This move positions Black Box to better serve enterprise customers across the region while enhancing its technology solutions and managed services offerings.