Description

Black Box Limited lists 60,752 new equity shares issued at Rs. 417/- on preferential basis pursuant to warrant conversion, with trading effective from November 28, 2025.

Summary

BSE has approved the listing of 60,752 new equity shares of Black Box Limited (Scrip Code: 500463) issued on preferential basis to non-promoters pursuant to conversion of warrants. The shares will commence trading from Friday, November 28, 2025, and are subject to lock-in until June 10, 2026.

Key Points

  • 60,752 equity shares of Rs. 2/- face value issued at premium of Rs. 415/-
  • Issue price: Rs. 417/- per share
  • Allotment date: October 18, 2025
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • New shares rank pari-passu with existing equity shares
  • Distinctive Numbers: 170044486 to 170105237
  • ISIN: INE676A01027
  • Scrip Code: 500463

Regulatory Changes

No regulatory changes. This is a standard listing procedure for new securities issued through warrant conversion.

Compliance Requirements

  • Trading members are informed to update their systems for the new securities
  • Lock-in restrictions must be observed until the specified date
  • All 60,752 shares are subject to lock-in provisions

Important Dates

  • Allotment Date: October 18, 2025
  • Trading Commencement Date: November 28, 2025
  • Lock-in Expiry Date: June 10, 2026
  • Notice Date: November 27, 2025

Impact Assessment

Market Impact: Minimal. The number of shares being listed (60,752) represents a relatively small addition to the existing equity base.

Liquidity Impact: Negligible immediate impact as all shares are under lock-in until June 10, 2026, preventing trading by allottees.

Shareholder Impact: Dilution effect is minimal given the small quantity of shares. Non-promoter holding will increase marginally.

Trading Impact: No expected impact on trading volumes or price discovery as locked-in shares cannot be traded for approximately 6.5 months from trading commencement date.

Impact Justification

Routine listing of small number of equity shares from warrant conversion with minimal market impact