Black Box Limited Completes Preferential Issue, Receives ₹386 Crore from Warrant Conversion
Mumbai, March 30, 2026 – Black Box Limited (BSE: 500463 | NSE: BBOX), a leading global digital infrastructure solutions provider, announced today the successful receipt of ₹386.36 crore from the conversion of warrants issued on September 27, 2024.The company converted 92,65,215 warrants into equity shares at an issue price of ₹417 per share. All warrant holders exercised their rights in full. The completion of the conversion, despite a volatile equity market environment, reflects strong investor and promoter confidence in Black Box’s business fundamentals, growth strategy, and execution capabilities.
Promoters participated significantly in the issue, contributing ₹200 crore, representing 51.76% of the total infusion. Following the conversion, promoter shareholding stands at 69.99%.
Sanjeev Verma, Chief Executive Officer of Black Box Limited, stated, "We are pleased to announce the successful completion of this capital raise, with full participation from both promoters and investors. The infusion of ₹386 crore strengthens our balance sheet and provides additional flexibility to accelerate our growth agenda."
Deepak Bansal, Chief Financial Officer of Black Box Limited, added, "We thank our investors for their continued trust and support. This capital enhances our ability to invest in priority growth areas while maintaining a disciplined approach to capital allocation, operational efficiency, and returns. We are well positioned to capitalize on emerging opportunities across our markets.”
Black Box Limited is a global digital infrastructure integrator delivering network and system integration services and solutions, support services and technology products to businesses in the United States, Europe, India, Asia Pacific, Middle East, and Latin America, with approximately 4,000 professionals globally. Its service offerings include network integration, digital connectivity infrastructure, data centre build out, modern workplace, and cybersecurity for businesses across various sectors.
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