Black Box Limited has allotted 1,27,901 equity shares pursuant to the conversion of warrants. These shares, with a face value of Rs. 2/- each, were issued at a premium of Rs. 415/- per share. The allotment follows the exercise of warrants by a warrant holder who has paid the balance consideration of 75% of the issue price.
Equity Share Allotment Details
Black Box Limited announced the allotment of 1,27,901 equity shares following the conversion of warrants. This decision was made based on a circular resolution dated November 27, 2025.
Warrant Conversion Specifics
The equity shares have a face value of Rs. 2/- each, and were issued at a premium of Rs. 415/- per share. This conversion is linked to the prior allotment of convertible warrants, where holders had the option to convert each warrant into one equity share. The warrant holder paid the balance consideration, equivalent to 75% of the issue price, to exercise this conversion.
Details of Allotment
Ushma Mehta (Non-Promoter) had 10,58,080 convertible warrants held (prior to conversion). 1,27,901 warrants applied for conversion, and the balance amount received was Rs. 4,00,01,037.75.
Total Consideration and Shares Allotted
The total consideration received for the 1,27,901 equity shares allotted to Ushma Mehta (Non-Promoter) amounts to Rs. 5,33,34,717.
Impact on Equity Capital
Post allotment, the equity share capital has increased. It went from 17,01,53,199 Equity Shares of Rs. 2/- each aggregating to Rs. 34,03,06,398/- to 17,02,81,100 Equity Shares of Rs. 2/- each aggregating to Rs. 34,05,62,200/-. These newly allotted shares rank equally with the existing equity shares of the company.
Outstanding Warrants
After this allotment, 72,14,155 warrants remain outstanding for conversion.
Source: BSE