Black Box Limited has approved the allotment of 1,29,499 Equity Shares of face value ₹2 each at a premium of ₹415 per share, totaling ₹5,40,01,083. This allotment is pursuant to the exercise and conversion of an equal number of convertible warrants by Ushma Mehta, a non-promoter.

The company had initially allotted 92,65,215 convertible warrants on September 27, 2024, at a price of ₹417 per warrant. The warrant holders had the right to convert each warrant into one equity share within 18 months.

Ushma Mehta has paid the balance 75% consideration for 1,29,499 warrants, totaling ₹4,05,00,812.25, and exercised her option to convert them into equity shares. Following this allotment, the company's issued, subscribed, and paid-up capital has increased to 17,04,82,543 Equity Shares aggregating to ₹34,09,65,086. As of January 9, 2026, 70,12,712 warrants remain outstanding for conversion.

The newly allotted shares will rank pari passu with the existing equity shares of the company.