Black Box logo

Black Box MD, chairman, board of directors and AGM

NSE: BBOXBSE: 500463IT - ServicesSmall Cap

Formerly AGC Networks
Last close ₹805.10down ₹79.90 (9.03%)BSE ₹806.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹885.00.

52-week range of traded prices to 23 Oct 2026
₹444.30Low, 30 Mar 2026₹1,103.00High, 5 Jun 2026
Market cap
₹14,299 Cr515th largest listed
P/E
63.3
P/E without one-offs
48.4
P/B
11.1
Dividend yield
0.12%
ROE
22.1%
ROE without one-offs
28.9%
ROCE
23.1%
Debt to equity
0.64
Volume, NSE
16,20,36630.8% delivered

Black Box board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonDilip Thakkar
  • Company Secretary and Compliance OfficerAditya Goswami

7 directors3 independent3 executive1 non-executive

  • Dilip Thakkar · ChairpersonIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Neha NagpalIndependent · joined Sep 2020 · reappointed Sep 2025 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Munesh KhannaIndependent · joined Aug 2024 · reappointed Aug 2024 · 23 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 4 as chair
  • Naresh KothariNon-executive · joined Jan 2019 · 1 listed board
  • Anshuman RuiaExecutive · joined Sep 2020 · 1 listed board
  • Sanjeev VermaExecutive · joined Feb 2014 · 1 listed board · 1 committee seat
  • Deepak Kumar BansalExecutive · joined Aug 2019 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 26 May 20266 of 7 present2 independent · 66 days in between
    • 20 Mar 20266 of 7 present3 independent · 36 days in between
    • 11 Feb 20266 of 7 present2 independent

  • Audit Committee

    Chair Munesh Khanna

    Dilip Thakkar, Neha Nagpal

    • 26 May 20262 of 3 present2 independent · 66 days in between
    • 20 Mar 20263 of 3 present3 independent · 36 days in between
    • 11 Feb 20262 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Munesh Khanna

    Naresh Kothari, Dilip Thakkar

    • 26 May 20263 of 3 present2 independent · 105 days in between
    • 9 Feb 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Munesh Khanna

    Sanjeev Verma, Dilip Thakkar

    • 26 May 20263 of 3 present2 independent · 105 days in between
    • 9 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Munesh Khanna

    Sanjeev Verma, Neha Nagpal

    • 9 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Neha Nagpal

    Munesh Khanna, Sanjeev Verma

    • 26 May 20262 of 3 present1 independent · 105 days in between

  • Finance Committee

    Deepak Kumar Bansal, Sanjeev Verma, Anshuman Ruia, Naresh Kothari, Munesh Khanna

    • 27 Feb 20263 of 5 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M S K A & Associates LLPPeer-review certificate valid to Jul 2027
1 earlier auditor
  • M S K A & AssociatesNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Black Box AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Black Box dividend history

Annual general meeting, 16 Sep 2026

82,403 shareholders on the register on 9 Jun 2026; present: 1 promoter and 32 others; votes counted by Shubh Karan Jain / S.K.Jain& Co.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statement (Standalone and Consolidated) of the Company for the Financial year ended March 31 2026, the report of the Board of Directors and AuditorsMoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 1.60% · other public 0.00%

    Turnout: all 76.42% · promoters 100.00% · institutions 53.76% · other public 11.14%

  2. To appoint director in place of Anshuman Ruia (DIN: 00008501), Executive Director of the Company who retires by rotation and being eligible, offers hmself for re-appointment
    OrdinaryPromoters have an interest in it
    94.37% for5.63% against

    Against: promoters 0.00% · institutions 9.10% · other public 0.19%

    Turnout: all 6.51% · promoters 0.00% · institutions 54.36% · other public 11.14%

  3. To declare Final dividend on quity Shares of face valueof Rs. 2/- each of the company, for the financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 76.46% · promoters 100.00% · institutions 54.36% · other public 11.14%

  4. Reclassification of existing Auhtorised Share Capital and consequent alteration toth Capital Clause of the Memorandum of Association.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 2.58% · other public 0.19%

    Turnout: all 76.46% · promoters 100.00% · institutions 54.36% · other public 11.14%

  5. Altertion of Articles of Association of the Company consequent to alteration of capital of the Company.
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 2.58% · other public 0.19%

    Turnout: all 76.46% · promoters 100.00% · institutions 54.36% · other public 11.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 19 Jun 2026, 3 resolutions

72,289 shareholders on the register on 12 Jun 2026; present: 1 promoter and 33 others; votes counted by Shubh Karan Jain / S.K.Jain & Co..The company's voting result (opens in a new tab)

  1. General approval for raising of funds by issuance of securities upto Rs. 2,500 Crores
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.86% · other public 0.07%

    Turnout: all 80.57% · promoters 100.00% · institutions 49.84% · other public 29.80%

  2. Approving the enhancement in the borrowing limits of the Company
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 2.34% · other public 0.10%

    Turnout: all 80.57% · promoters 100.00% · institutions 49.84% · other public 29.80%

  3. To authorise the Board of Directors to create securities interests over the undertaking or substantially the whole of the undertaking of the Company under the section 180(1)(a) of the Companies Act, 2013MoreLess
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 1.80% · other public 0.10%

    Turnout: all 80.57% · promoters 100.00% · institutions 49.84% · other public 29.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Sep 2025, 6 resolutions

83,167 shareholders on the register on 9 Sep 2025; present: 1 promoter and 40 others; votes counted by SHUBH KARAN JAIN / S.K.Jain & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statement (Standalone and Consolidated) of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 76.80% · promoters 100.00% · institutions 13.55% · other public 23.30%

  2. To appoint a director in place of Mr. Naresh Kothari (DIN:00012523), Non-Executive Director of the Company who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 24.71% · other public 0.02%

    Turnout: all 76.80% · promoters 100.00% · institutions 13.55% · other public 23.30%

  3. To declare final dividend on equity, share of face value of Rs. 2/- each of the Company, for the Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 76.80% · promoters 100.00% · institutions 13.55% · other public 23.30%

  4. To appoint M/s. Makarand M. Joshi & Co., Practising Company Secretaries as Secretarial Auditor of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 76.80% · promoters 100.00% · institutions 13.55% · other public 23.30%

  5. To re-appoint Mr. Deepak Kumar Bansal (DIN: 07495199) as an Executive Director of the Company
    Special
    99.29% for0.71% against

    Against: promoters 0.00% · institutions 94.22% · other public 0.02%

    Turnout: all 76.78% · promoters 100.00% · institutions 13.55% · other public 23.22%

  6. To re-appoint Ms. Neha Nagpal (DIN: 08842400) as an Independent Director of the Company
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 48.01% · other public 0.02%

    Turnout: all 76.74% · promoters 100.00% · institutions 12.15% · other public 23.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2025, 2 resolutions

63,703 shareholders on the register on 14 Feb 2025; votes counted by Shubh Karan Jain / S.K. Jain & Co.The company's voting result (opens in a new tab)

  1. Re‐appointment of Mr. Sanjeev Verma (DIN: 06871685), as Whole‐time Director of the Company
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 88.73% · other public 0.02%

    Turnout: all 75.49% · promoters 100.00% · institutions 3.21% · other public 19.20%

  2. Approval for Change in Utilisation of Proceeds received under Preferential Issue.
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 4.89% · promoters 0.00% · institutions 3.21% · other public 19.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2024, 6 resolutions

Present: 1 promoter and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2024 along with the Reports of Board Directors and Auditors thereon. (Ordinary Resolution)MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.07% · promoters 100.00% · institutions 84.10% · other public 35.45%

  2. To appoint a Director in place of Mr. Deepak Kumar Bansal (DIN: 07495199), Executive Director and Chief Financial Officer of the Company who retires by rotation and being eligible, offers himself for re-appointment. (Ordinary Resolution)MoreLess
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 2.95% · other public 0.00%

    Turnout: all 82.83% · promoters 100.00% · institutions 84.10% · other public 34.53%

  3. Re-appointment of M/s. M S K A & Associates, Chartered Accountants, as the Statutory Auditors of the Company. (Ordinary Resolution)
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.07% · promoters 100.00% · institutions 84.10% · other public 35.45%

  4. Re-appointment of Mr. Anshuman Ruia (DIN: 00008501) as an Executive Dirctor of the Company
    OrdinaryPromoters have an interest in it
    99.26% for0.74% against

    Against: promoters 0.00% · institutions 2.95% · other public 0.00%

    Turnout: all 12.00% · promoters 0.00% · institutions 84.10% · other public 35.44%

  5. Appointment of Mr. Munesh Khana (DIN: 00202521) as an Independent Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.07% · promoters 100.00% · institutions 84.10% · other public 35.44%

  6. General approval for raising of funds by issuance of securities upto Rs 1,500 Crores
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.07% · promoters 100.00% · institutions 84.10% · other public 35.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 29 Aug 2024, 1 resolution

Present: 1 promoter and 35 others.The company's voting result (opens in a new tab)

  1. To consider Issuance of Convertible warrants on Preferential Basis
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 8.07% · promoters 0.00% · institutions 2.44% · other public 31.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2023, 5 resolutions

Present: 2 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2023 along with the Reports of Board Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.98% · promoters 100.00% · institutions 62.42% · other public 40.67%

  2. To appoint a Director in place of Mr. Anshuman Ruia (DIN: 00008501), Executive Director of the Company who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.00%

    Turnout: all 12.84% · promoters 0.00% · institutions 62.42% · other public 40.67%

  3. Re-appointment of Mr. Dilip Thakkar (DIN:00007339) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 83.98% · promoters 100.00% · institutions 62.42% · other public 40.67%

  4. Continuation of appointment of Mr. Anshuman Ruia (DIN: 00008501), Executive Director of the Company on “office or place of profit” in Black Box Technologies LLC, Dubai
    SpecialPromoters have an interest in it
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.01%

    Turnout: all 12.84% · promoters 0.00% · institutions 62.42% · other public 40.67%

  5. Approval of raising of funds by issuance of securities upto ` 1,500 Crores
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 1.47% · other public 0.00%

    Turnout: all 83.98% · promoters 100.00% · institutions 62.42% · other public 40.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 25 Jul 2023, 1 resolution

Present: 2 promoters and 35 others.The company's voting result (opens in a new tab)

  1. Approval for Scheme of Reduction of Share Capital Between the Company and it’s Shareholders.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 80.42% · promoters 100.00% · institutions 0.93% · other public 39.69%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 16 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the audited financial statement (Standalone and Consolidated) of the Company for the Financial year ended March 31 2026, the report of the Board of Directors and AuditorsMoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundNon-disclosure of financial statements of Subsidiaries for FY 2025-26 on website.
    0 for1 against
  • To appoint director in place of Anshuman Ruia (DIN: 00008501), Executive Director of the Company who retires by rotation and being eligible, offers hmself for re-appointment
    1 for0 against
  • To declare Final dividend on quity Shares of face valueof Rs. 2/- each of the company, for the financial year 2025-26
    1 for0 against
  • Reclassification of existing Auhtorised Share Capital and consequent alteration toth Capital Clause of the Memorandum of Association.
    1 for0 against
  • Altertion of Articles of Association of the Company consequent to alteration of capital of the Company.
    1 for0 against

Mutual fund votes, meeting of 19 Jun 2026, 8 fund houses

  • General approval for raising of funds by issuance of securities upto Rs. 2,500 Crores
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Significant dilution and no clarity regarding not opting for Rights Issue.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Significant dilution and no clarity regarding not opting for Rights Issue.
    • Motilal Oswal Mutual Fund"Compliant with law. Governance Concern: Significant dilution and no clarity regarding not opting for Rights Issue. "
    4 for4 against
  • Approving the enhancement in the borrowing limits of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/justification provided for the proposed significant increase.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/justification provided for the proposed significant increase.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    3 for5 against
  • To authorise the Board of Directors to create securities interests over the undertaking or substantially the whole of the undertaking of the Company under the section 180(1)(a) of the Companies Act, 2013MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: Majority of the Existing Borrowing Limit is unutilized, and no specific reason/justification provided for the proposed significant increase.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance & Transparency Concern: Interlinked with resolution #2.
    • Motilal Oswal Mutual Fund"Compliant with law. Governance & Transparency Concern: Interlinked with resolution #2. "
    4 for4 against
4 earlier meetings

Mutual fund votes, meeting of 16 Sep 2025, 1 fund house

  • To receive, consider and adopt the audited financial statement (Standalone and Consolidated) of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against
  • To appoint a director in place of Mr. Naresh Kothari (DIN:00012523), Non-Executive Director of the Company who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To declare final dividend on equity, share of face value of Rs. 2/- each of the Company, for the Financial Year 2024-25.
    1 for0 against
  • To appoint M/s. Makarand M. Joshi & Co., Practising Company Secretaries as Secretarial Auditor of the Company and to fix their remuneration.
    1 for0 against
  • To re-appoint Mr. Deepak Kumar Bansal (DIN: 07495199) as an Executive Director of the Company
    1 for0 against
  • To re-appoint Ms. Neha Nagpal (DIN: 08842400) as an Independent Director of the Company
    1 for0 against

Mutual fund votes, meeting of 19 Mar 2025, 1 fund house

  • Re‐appointment of Mr. Sanjeev Verma (DIN: 06871685), as Whole‐time Director of the Company
    1 for0 against
  • Approval for Change in Utilisation of Proceeds received under Preferential Issue.
    1 for0 against

Mutual fund votes, meeting of 25 Sep 2024, 1 fund house

  • To receive, consider and adopt the Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the financial year ended March 31, 2024 along with the Reports of Board Directors and Auditors thereon. (Ordinary Resolution)MoreLess
    1 for0 against
  • To appoint a Director in place of Mr. Deepak Kumar Bansal (DIN: 07495199), Executive Director and Chief Financial Officer of the Company who retires by rotation and being eligible, offers himself for re-appointment. (Ordinary Resolution)MoreLess
    1 for0 against
  • Re-appointment of M/s. M S K A & Associates, Chartered Accountants, as the Statutory Auditors of the Company. (Ordinary Resolution)
    1 for0 against
  • Re-appointment of Mr. Anshuman Ruia (DIN: 00008501) as an Executive Dirctor of the Company
    1 for0 against
  • Appointment of Mr. Munesh Khana (DIN: 00202521) as an Independent Director of the Company.
    1 for0 against
  • General approval for raising of funds by issuance of securities upto Rs 1,500 Crores
    1 for0 against

Mutual fund votes, meeting of 29 Aug 2024, 1 fund house

  • To consider Issuance of Convertible warrants on Preferential Basis
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyCompanies Registration Office (Ireland)Since 23 Apr 2026

    Paid EUR 268 penalty on 23 April 2026

    Late filing of annual return (including the accounts for the year ended 31 March 2025) (Black Box Network Services (Dublin) Limited, step-down subsidiary of the Company)
  • Fine or penaltyCompanies Registration Office (Ireland)Since 23 Apr 2026

    Paid EUR 268 penalty on 23 April 2026

    Late filing of annual return (including the accounts for the year ended 31 March 2025) (Black Box Software Development Services Limited, step-down subsidiary of the Company)
  • Fine or penaltyAccounting and Corporate Regulatory Authority (Singapore)Since 26 May 2026

    Paid SGD 600 penalty on 26 May 2026

    Late filing of the FY23 accounts (Black Box Network Services Singapore Pte Ltd, step-down subsidiary of the Company)
  • Fine or penaltyFederal Office of Justice (Germany)Since 12 Jun 2026

    Paid EUR 103.50 penalty on 26 June 2026

    Late filing of the FY25 accounts (Black Box Deutschland GmbH, step-down subsidiary of the Company)
  • Tax disputeCommissioner of Income Tax (A), MumbaiSince 22 Nov 2010
    No change in status
    At the filing before: Disputes are as under pertaining to AY 2002-03: • Whether transfer of Tata Fone Division by the Company to ITEL Industries Private Limited was not a slump sale. • Whether no capital gain was taxable from the above transfer. • Whether lease income is taxable as business income. • Whether onus to prove that write off of obsolete stock was not bonafide was on the revenue without appreciating that assessee had failed to discharge primary onus to prove genuineness of its claim. Income Tax Department has filed appeal in High Court against order passed in favour of the Company. Next hearing date before High Court is awaited.MoreLess
  • Tax disputeCommissioner of Income Tax (A), MumbaiSince 22 Nov 2010
    No change in status
    At the filing before: Issues are as under pertaining to AY 2003-04: • Whether lease income is taxable as business income. • Whether onus to prove that write off of obsolete stock was not bonafide was on the revenue without appreciating that assessee had failed to discharge primary onus to prove genuineness. Income Tax Department has filed appeal in High Court against order passed in favour of the Company. Next hearing date before High Court is awaited.MoreLess
  • Tax disputeCommissioner of Income Tax (A), MumbaiSince 15 Apr 2014
    No change in status
    At the filing before: Income Tax department has disallowed certain expense which are in nature of for AY 2010-11: 1. Provision of Expense , 2. Renovation Expense Capitalised and 3. Change in Revenue Recognition Policy (Unearned Revenue) 4. Bad debts Written off The Company has received notice from the Commissioner of Appeals. Since we had received favourable order in the past for AY 2005-06 to AY 2009-10 in relation to unearned revenue, we expect the a similiar order for AY 2010-11. We have submitted additional evidence before CIT (A). The CIT(A) has forwarded the submission to the Asseeeing Officer for passing the remand report. We have been following up with the Assessing Officer regarding the same. We received the remand report from the Assessing Officer regarding the unearned revenue issue, which is in favour of the Company. The Company has also received the CIT(A) order dated 27/01/2026 from NFAC but it has made the decision on only 1 ground i.e change in revenue recognition and the same is in favour of the Company. The Company has filed for the rectification of the CIT(A) order as the remaining grounds has not been pressed by the CIT(A)MoreLess
  • Tax disputeCommissioner of Income Tax (A), MumbaiSince 5 Sep 2021
    No change in status
    At the filing before: Assessing Officer has disallowed certain expense for AY 2017-18 as under: 1. Provision of Expense. 2. Capitalisation of Renovation Expense. Further, Assesssing Officer has restricted the allowance of change in revenue recognition to the extent of returned loss. Hearing date before CIT(A) is awaited.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesSep 2024, checked by CARE Ratings Ltd386.36Investment in subsidiaries241.3671.70No
Preferential IssuesSep 2024, checked by CARE Ratings Ltd386.36General Corporate Purpose45.0040.18No
Preferential IssuesSep 2024, checked by CARE Ratings Ltd386.36Working Capital100.0051.11No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.