Description

Black Box Limited (Scrip Code: 500463) lists 47,962 equity shares of Rs. 2/- each issued at Rs. 417/- to Non Promoter on preferential basis pursuant to warrant conversion, effective December 18, 2025.

Summary

BSE announces the listing and permission to trade 47,962 new equity shares of Black Box Limited (Scrip Code: 500463) effective December 18, 2025. These shares were issued to a Non Promoter on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 417/- per share (face value Rs. 2/- plus premium of Rs. 415/-). The shares rank pari-passu with existing equity shares and are subject to lock-in until June 30, 2026.

Key Points

  • 47,962 equity shares of Rs. 2/- each listed
  • Issued at premium of Rs. 415/- per share (total issue price: Rs. 417/-)
  • Issued to Non Promoter on preferential basis
  • Shares issued pursuant to conversion of warrants
  • Date of allotment: November 12, 2025
  • Trading commences: December 18, 2025
  • ISIN: INE676A01027
  • Distinguished numbers: 170105238 to 170153199
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following SEBI guidelines for preferential allotment and warrant conversion.

Compliance Requirements

  • Trading members must take note of the new securities available for trading from December 18, 2025
  • Lock-in restrictions must be observed: all 47,962 shares (Dist. Nos. 170105238 to 170153199) are locked-in until June 30, 2026
  • Shares to be treated as ranking pari-passu with existing equity shares for all corporate actions

Important Dates

  • Date of Allotment: November 12, 2025
  • Trading Commencement Date: December 18, 2025
  • Lock-in Period Expiry: June 30, 2026
  • Notice Date: December 17, 2025

Impact Assessment

Market Impact: Minimal. The addition of 47,962 equity shares represents a relatively small increase to Black Box Limited’s equity base. The preferential allotment to a Non Promoter through warrant conversion is a routine corporate action.

Liquidity Impact: Negligible immediate impact as all newly listed shares are subject to lock-in until June 30, 2026, preventing their trading in the market during this period.

Investor Impact: Existing shareholders should note the dilution effect, though the quantum is small. The issue price of Rs. 417/- per share (Rs. 2/- face value + Rs. 415/- premium) indicates the valuation at which the warrants were converted.

Impact Justification

Routine listing of small number of equity shares (47,962) from warrant conversion with minimal market impact for Black Box Limited.