Black Box Limited has notified the stock exchanges regarding a structural change in its statutory auditor firm. The company informed the Bombay Stock Exchange and National Stock Exchange of India through a formal communication dated January 16, 2026.

Auditor Firm Conversion Details

The company's statutory auditors, M S K A & Associates, Chartered Accountants, have converted their firm structure into a Limited Liability Partnership (LLP). The conversion was completed under the provisions of the Limited Liability Partnership Act, 2008.

Continuity of Audit Services

The firm will continue to function and discharge their obligations as statutory auditors of Black Box Limited for the remaining period of their appointment tenure. The conversion to LLP structure does not affect the ongoing audit engagement or the firm's responsibilities toward the company.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Aditya Goswami signed the notification, ensuring proper disclosure to all stakeholders.

Company Background

Black Box Limited operates from its registered office at Airoli Knowledge Park in Navi Mumbai. The company maintains its listing on both major Indian stock exchanges with scrip codes BSE: 500463 and NSE: BBOX.

Black box Limited has completed the allotment of 1,29,499 equity shares following the conversion of convertible warrants by non-promoter investor Ushma Mehta on January 9, 2026. The conversion represents a significant capital infusion for the technology solutions company, generating total consideration of ₹5.40 crores.

Warrant Conversion Details

The warrant conversion was executed at the predetermined price of ₹417 per share, consisting of a face value of ₹2 and premium of ₹415 per equity share. Ushma Mehta, classified as a non-promoter investor, exercised her option to convert 1,29,499 warrants from her total holding of 8,58,235 convertible warrants.

Impact on Share Capital

The allotment resulted in an increase in Black Box Limited's issued, subscribed and paid-up capital. The company's equity base expanded from 17,03,53,044 equity shares to 17,04,82,543 equity shares, representing an increase in paid-up capital from ₹34,07,06,088 to ₹34,09,65,086.

Shareholding Pattern Changes

Following the warrant conversion, Ushma Mehta's shareholding in Black Box Limited increased from 5,84,163 shares (0.34% holding) to 7,13,662 shares (0.42% holding). The newly allotted shares rank pari passu with existing equity shares of the company, carrying equal rights and privileges.

Outstanding Warrants Position

After the current allotment, Black Box Limited has 70,12,712 warrants outstanding for conversion. These warrants were part of the original issuance of 92,65,215 convertible warrants allotted on September 27, 2024, to 25 allottees across promoter and non-promoter categories. The warrant holders have an 18-month period from the original allotment date to exercise their conversion rights.

Regulatory Compliance

The Board of Directors approved the allotment through a circular resolution dated January 9, 2026. The allotment was conducted as a preferential issue in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations and relevant SEBI circulars for preferential allotments.