Black Box allots shares after warrant conversions

Black Box Limited has allotted 60,752 equity shares, each with a face value of INR 2 and a premium of INR 415, after the conversion of an equal number of convertible warrants. This allotment, approved on October 18, 2025, resulted from the payment of the balance 75% consideration by warrant holder Ushma Mehta, a non-promoter, bringing the total consideration received to INR 2,53,33,584. The initial warrants were allotted on September 27, 2024, at an issue price of INR 417 per warrant, with 25% of the issue price received upfront.

This conversion boosts the company's total issued, subscribed, and paid-up equity shares from 17,00,44,485 to 17,01,05,237, increasing the total aggregating value from INR 34,00,88,970 to INR 34,02,10,474. The newly allotted shares will rank pari passu with existing equity shares.

Following this allotment, 73,90,018 warrants remain outstanding for future conversion. The company noted that the warrant holder, Ushma Mehta, now holds 3,36,356 shares, representing 0.20% of the post-issue shareholding, up from 2,75,604 shares or 0.16% pre-issue.