Black Box Limited’s Board approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. The Board also allotted 8,179 Equity Shares following the conversion of warrants, receiving a total consideration of ₹34,10,643. Furthermore, the board approved a revised organizational structure, appointing key officials as Senior Management Personnel (SMPs) across various global leadership roles.
Board Meeting Outcome: Financial Results and Capital Infusion
The Board of Directors of Black Box Limited, in its meeting held on February 11, 2026, inter-alia, approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025. These results were accompanied by the Limited Review Report.
Allotment of Equity Shares Post-Warrant Conversion
The Board considered and approved the allotment of 8,179 Equity Shares of face value Rs. 2/- each at an issue price of Rs. 417/- per share (including a premium of Rs. 415/-). This allotment followed the conversion of an equal number of convertible warrants against the receipt of the balance subscription amount. The total consideration received for this allotment amounted to ₹34,10,643. This conversion brings the total outstanding warrants to 70,04,533 as of the date.
Impact on Share Capital
The allotment resulted in an increase in the issued, subscribed, and paid-up capital. The total number of Equity Shares increased from 17,04,82,543 to 17,04,90,722, increasing the aggregate paid-up capital to Rs. 34,09,81,444/-.
Revision of Organizational Hierarchy and SMP Appointment
The Board also approved the revised organizational hierarchy, officially designating the following individuals as Senior Management Personnel (SMPs):
- Kannan Ramaiah: Chief Human Resources Officer
- Bikram Sahoo: Chief Technology Officer
- Mike Carney: Chief of Strategies & Transformation
- Rick Gannon: Chief Operating Officer
- Jai Venkat: Head of Sales – GSI Americas
- Sean Maguire: Head of Sales – Data Center Business
- Suman Roy: Head of Business – GSI Europe
- Sameer Batra: Head of Business – GSI India, APAC, ANZ and Middle East
Key Financial Highlights (Consolidated, Nine Months Ended Dec 31, 2025)
The consolidated results showed strong revenue generation, though impacted by exceptional items:
- Total Income: Rs. 4,634.75 Crores (compared to Rs. 4,425.84 Crores in the previous year period).
- Net Profit for the Period: Rs. 152.76 Crores (compared to Rs. 144.31 Crores in the previous year period).
- Exceptional Items (Expense): Total exceptional expenses were Rs. 48.66 Crores, primarily driven by severance costs and the impact of the New Labour Codes (estimated at Rs. 5.55 Crores for the quarter).
Key Financial Highlights (Standalone, Nine Months Ended Dec 31, 2025)
The standalone performance reflected a positive trajectory:
- Total Income: Rs. 299.53 Crores (compared to Rs. 255.87 Crores in the previous year period).
- Net Profit Before Tax: Rs. 8.42 Crores (compared to a net loss of Rs. 3.47 Crores in the previous year period).
Notes on Financial Compliance and Operations
Management highlighted several operational matters:
- FEMA Compliance: Delays in remittance of import payments (aggregating Rs. 30.52 Crores) and export proceeds (aggregating Rs. 6.35 Crores) beyond stipulated timelines have occurred, with applications filed for condonation.
- Associate Sale: The Group completed the sale of its 39.53% stake in Black Box DMCC on December 30, 2025, causing the entity to cease being an associate from December 31, 2025. This resulted in a profit on sale of Rs. 0.15 Crores recognized as an exceptional item.
- Dividend: A final dividend of Rs. 1 per equity share for the financial year ended March 31, 2025, was approved and paid on September 23, 2025.
The Board Meeting commenced at 7:45 P.M. and concluded at 10:25 P.M.
Source: BSE
