Black Box Limited Incorporates New Subsidiary in Saudi Arabia and Divests Associate Stake
Black Box Limited has announced corporate changes including the incorporation of a new overseas subsidiary in Saudi Arabia and the disposal of stakes in associate companies, alongside the cessation of an associate status for two foreign entities.The company confirmed that Black Box Products FZE, UAE, a step-down subsidiary of Black Box Limited, has incorporated a new overseas subsidiary named Black Box Technologies Company, Saudi Arabia. The newly incorporated entity has a paid-up share capital of 1000 Saudi Riyals and operates in the Information and Communication sector, specializing in computer consulting, computer facility management activities, data processing, website hosting on the network, and related activities. The entire 100% shareholding of the new subsidiary is held by Black Box Products FZE, UAE.
In terms of associated entities, Black Box Limited reported that Black Box DMCC, an associate company, will cease to be an associate company, effective December 31, 2025, following a divestment by Black Box Holdings Ltd., a step-down subsidiary. Additionally, AGC Networks L.L.C., based in Abu Dhabi, UAE, has ceased to be a step-down subsidiary of the company, and approval for the cancellation of its licenses has been received.
Associate Company Stake Sale and Disposal
The company detailed significant financial transactions involving associate companies. The sale of a stake in an associate company, with the buyer identified as KH World Trade Limited, Hong Kong, was reported. This transaction is expected to realize a consideration of USD 40,00,000, payable in tranches. The transaction was confirmed to not be a related party transaction.A review of the financial contribution from the associate company for the last financial year showed the following figures for both periods:
| Metric | Period: 01.04.2025 to 31.12.2025 | Period: 01.04.2024 to 31.03.2025 |
|---|---|---|
| Amount of Profit/(Loss) (Rs. in Cr) | (0.04) | 0.73 |
| % of Profit/(Loss) | (0.026) | 0.356 |
| Networth (Rs. in Cr) | (0.04) | 0.73 |
| % of Networth | (0.004) | 0.096 |
The company also reported on the disposal of a whole step-down subsidiary. The trade license cancellation for this unit was approved on March 17, 2026. The transaction was noted to not be a related party transaction.
BBOX Stock Price Movement
Shares of Black Box Limited are gaining 1.36% in live trading, trading at ₹965 as of 1:13 PM today. The stock is showing strong momentum, notably rebounding from its 52-week high of ₹981 on a total volume of 651,850 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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