Black Box Limited has announced the incorporation of a new overseas subsidiary, Black Box Technologies Company, in Saudi Arabia. This step-down subsidiary was established by Black Box Products FZE, UAE, and has a paid-up share capital of 1,000 Saudi Riyals. The new entity will operate in the information and communication sector, focusing on computer consulting, facility management, data processing, and related activities.
In addition to the incorporation, Black Box Limited has also disclosed the cessation of Black Box DMCC as an associate company, effective from December 31, 2025, following a divestment by Black Box Holdings Ltd. The company has also received approval for the cancellation of licenses for AGC Networks L.L.C., Abu Dhabi, UAE, which ceased to be a step-down subsidiary.
The incorporation of Black Box Technologies Company in Saudi Arabia marks a strategic expansion in the Middle East, aiming to enhance the company’s presence in the region’s technology sector. Meanwhile, the divestment of Black Box DMCC and AGC Networks L.L.C. reflects a strategic realignment of the company’s portfolio.
The company has noted a delay in the disclosure of these developments due to pending regulatory and procedural formalities. Upon identification, Black Box Limited promptly made the requisite disclosure to comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).