Date: May 22, 2026

Incorporation of Overseas Subsidiary

Black Box Products FZE, UAE, a step-down subsidiary of Black Box Limited, incorporated a new overseas subsidiary named Black Box Technologies Company, Saudi Arabia.

  • Date of Incorporation: February 17, 2026
  • Paid-up Share Capital: 1000 Saudi Riyals
  • Business Activity: Information and Communication (Computer consulting, computer facility management activities, Data processing, website hosting on the network, and related activities)
  • Shareholding: 100% of the shareholding is held by Black Box Products FZE, UAE
  • Geographic Presence: Saudi Arabia
  • The disclosure was filed late due to pending regulatory/procedural formalities and being inadvertently missed initially.

Sale and Disposal Activities

1. Sale of Stake in Associate Company (Black Box DMCC)

Black Box DMCC, an associate of the Company, ceased to be an associate company effective from December 31, 2025, following divestment by Black Box Holdings Ltd. (step-down subsidiary of the Company).

  • Financial Contribution:
  • For period 01.04.2025 to 31.12.2025: Loss of ₹0.04 Cr (0.026% of profit/loss), Networth ₹0.04 Cr (0.004% of networth)
  • For period 01.04.2024 to 31.03.2025: Profit of ₹0.73 Cr (0.356% of profit/loss), Networth ₹0.73 Cr (0.096% of networth)
  • Agreement Date: December 30, 2025 (subject to regulatory approval)
  • Expected Completion Date: December 31, 2025 (subject to regulatory approval)
  • Consideration: USD 40,00,000 payable in tranches
  • Buyer: KH World Trade Limited, Hong Kong (not belonging to promoter/promoter group/group companies)
  • Not a related party transaction
  • Transaction conducted at arm's length
  • The disclosure was filed late due to pending regulatory/procedural formalities and being inadvertently missed initially.

2. Disposal of Step-down Subsidiary (AGC Networks L.L.C., Abu Dhabi)

AGC Networks L.L.C., Abu Dhabi, UAE ceased to be a step-down subsidiary of the Company.

  • Approval Date: Trade license cancellation was approved on March 17, 2026
  • Completion Date: Trade license cancellation was approved on March 17, 2026
  • No financial contribution during the last financial year
  • No consideration received from the disposal
  • Not a related party transaction
  • The disclosure was filed late due to pending regulatory/procedural formalities and being inadvertently missed initially.