Black Box Limited has released its Monitoring Agency Report for the quarter ended September 30, 2025. The report, issued by CARE Ratings Limited, pertains to the preferential issue of shares and confirms that the proceeds are utilized as per the disclosures in the offer document. The initial issue size was Rs. 410.00 crore, which was revised to Rs. 386.36 crore due to undersubscription.
Monitoring Agency Overview
Black Box Limited confirms the release of the Monitoring Agency Report for the period ending September 30, 2025. CARE Ratings Limited prepared the report in compliance with regulatory requirements. The report indicates that the utilization of funds is aligned with the objects stated in the offer document.
Key Financial Details
The preferential issue of Black Box Limited had an initial issue size of Rs. 410.00 crore, which was later revised to Rs. 386.36 crore due to undersubscription. The company offered 92,65,215 fully convertible warrants at an issue price of Rs 417/- each.
Utilization of Funds
The report confirms that the proceeds from the warrant issue have been utilized as per the objects outlined in the offer document. The company has been allocating funds towards various activities, including investments in subsidiaries and general corporate purposes.
Revised Project Costs
There have been revisions in the allocation of funds to different objects. Investments in subsidiaries are now set at Rs. 241.36 crore, while general corporate purposes are allocated Rs. 45.00 crore. Additionally, working capital requirements have been allocated Rs. 100.00 crore.
Deployment of Funds
As of September 30, 2025, the company has unutilized funds of Rs. 12.12 crore. These funds are deployed in fixed deposits with various banks, including IDBI Bank and Bank of Maharashtra, and in a HDFC preferential issue monitoring account. The total market value of these investments is Rs. 12.30 crore.
Funds Utilization Details
The utilization of funds towards working capital requirements includes vendor payments, employee salary payments, and statutory payments. As of the end of the quarter, Rs. 29.34 crore has been utilized for these purposes.
Source: BSE
