Black Box Limited Allots 12,48,247 Equity Shares Following Warrants Conversion
Black Box Limited announced the allotment of 12,48,247 equity shares on March 25, 2026, following the conversion of warrants. The allotment stems from the company's earlier intimation on September 27, 2024, concerning the issuance of 92,65,215 convertible warrants at a price of Rs. 417 per warrant to 25 allottees.The warrants, entitling holders to acquire equity shares, were offered with a right to apply for and be allotted one equity share with a face value of Rs. 2 each at a premium of Rs. 415 per share. Warrant holders subsequently paid the remaining 75% of the issue price to exercise their conversion option.
The following table details the warrant conversion by allottee:
| Sr. No. | Name of the allottee(s) | Category | No. of convertible warrants held (prior to conversion) | No. of warrants applied for conversion | Balance amount received (Rs.) |
|---|---|---|---|---|---|
| 1 | Sanjeev Verma | Non-Promoter (KMP) | 47,962 | 47,962 | 1,50,00,115.50* |
| 2 | Ushma Mehta | Non-Promoter | 6,66,713 | 6,66,713 | 20,85,14,490.75 |
| 3 | Eminence Global Fund PCC - Eubilia Capital Partners Fund I | Non-Promoter (QIB) | 99,520 | 99,520 | 3,11,24,880.00 |
| 4 | Black Hawk Properties Pvt Ltd | Non-Promoter | 3,83,693 | 3,83,693 | 11,99,99,985.75 |
| 5 | Rajesh Rautela | Non-Promoter | 50,359 | 50,359 | 1,57,49,777.25** |
| Total | Total | Total | 12,48,247 | 12,48,247 | 39,03,89,249.25 |
The company’s board approved the allotment of 12,48,247 equity shares at a premium of Rs. 415 per share. The total consideration received was Rs. 52,05,18,999.
The issued, subscribed, and paid-up capital of the company has increased as follows:
| From | To |
|---|---|
| 17,62,47,008 Equity Shares of Rs. 2/- each aggregating to Rs. 35,24,94,016/- | 17,74,95,255 Equity Shares of Rs. 2/- each aggregating to Rs. 35,49,90,510/- |
The newly issued shares rank pari passu with existing equity shares. With this allotment, the preferential issue has concluded, and all warrants have been converted into equity shares.
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