Black Box Limited issued a formal clarification refuting widespread social media reports claiming the company’s promoters intend to sell a significant portion of their shareholding. The company stated these claims are entirely baseless and untrue. Furthermore, the disclosure reiterated that promoters actively participated in the 2024 Preferential Issue of Compulsorily Convertible Warrants, subscribing to 51.76% of the Rs. 386.36 Crores issue.
Clarification Issued on Market Rumor
Black Box Limited has addressed circulating messages on social media channels that suggested the company’s promoters were planning to divest a large part of their stake. The management unequivocally clarified that this information is absolutely untrue, asserting there is no truth whatsoever to any claim involving a change in promoter holding of any kind. This statement was issued to ensure that shareholders and stock exchanges receive accurate information.
Reiteration of 2024 Financing Event
As previously communicated to the stock exchanges, the company executed a Preferential Issue of Compulsorily Convertible Warrants in 2024, raising an aggregate amount of Rs. 386.36 Crores. It was confirmed that the promoters demonstrated confidence by participating in this issuance, subscribing to 51.76% of the total issue volume.
Commitment to Governance and Disclosure
The Company affirmed its continuous compliance with all relevant disclosure norms stipulated by market regulations. Black Box Limited remains dedicated to maintaining the highest standards of corporate governance and promises to inform the exchanges promptly regarding any future material events as required by law. All related information is also available on the company’s official website, www.blackbox.com.
Source: BSE
