Black Box Limited has announced the incorporation of a new overseas subsidiary, Black Box Technologies Company, in Saudi Arabia. This new entity is a step-down subsidiary of Black Box Products FZE, UAE, and has a paid-up share capital of 1000 Saudi Riyals. The company will focus on information and communication technology, including computer consulting, facility management, data processing, and website hosting services. The incorporation took place on 17 February 2026.
In addition to the new incorporation, Black Box Limited has also divested its stake in Black Box DMCC, an associate company in the UAE. The divestment, effective from 31 December 2025, was subject to necessary regulatory approvals. Furthermore, AGC Networks L.L.C., another step-down subsidiary based in Abu Dhabi, UAE, has ceased to be part of Black Box Limited following the cancellation of its trade licenses, approved on 17 March 2026.
The sale of the stake in Black Box DMCC involved a transaction with KH World Trade Limited, Hong Kong, with a consideration of USD 4,000,000 payable in tranches. This transaction does not fall within related party transactions and is conducted at arm’s length.
These strategic moves are part of Black Box Limited’s ongoing efforts to streamline its operations and focus on key growth areas within the information and communication technology sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).