Black Box Limited — Others, 15-05-2025: Monitoring Agency Report

Black Box Limited has announced a Monitoring Agency Report for its preferential issue, which was reduced to Rs. 386.36 Cr due to undersubscription. Funds raised are being used primarily for investments in subsidiaries (Rs. 241.36 Cr), general corporate purposes (Rs. 45 Cr), and working capital (Rs. 100 Cr). During the quarter, the company utilized Rs. 71.70 Cr, Rs. 40.18 Cr, and Rs. 8.91 Cr for these purposes respectively, with Rs. 15.58 Cr kept in fixed deposits as idle funds. The undersubscription has not affected the company’s planned objectives or expenditure alignment, and share price volatility is not expected to impact the issue’s outcome.