Black Box has announced the allotment of 60,752 equity shares following the conversion of warrants. This was done at a premium of ₹415 per share. The warrant holder, Ushma Mehta, exercised the option to convert warrants into equity shares, contributing to a total consideration received of ₹2,53,33,584. This allotment increases the company’s issued share capital.
Warrant Conversion and Equity Allotment
Black Box has successfully completed the allotment of 60,752 equity shares, resulting from the conversion of warrants. The decision was formalized through a circular resolution dated October 18, 2025.
Details of Allotment
The allotment pertains to the conversion of warrants by Ushma Mehta. The shares were allotted at a face value of ₹2 each, with a premium of ₹415 per share. The total consideration received from this conversion amounts to ₹2,53,33,584.
Impact on Share Capital
Following this allotment, the issued, subscribed, and paid-up capital of Black Box has increased. The number of equity shares has risen from 17,00,44,485 to 17,01,05,237. The total aggregated value is now ₹34,02,10,474, up from ₹34,00,88,970.
Outstanding Warrants
After this allotment, the remaining number of warrants outstanding for conversion is 73,90,018 as of the date of this announcement.
Source: BSE
