Subsidiary22 May 2026, 06:21 pm
Black Box Ltd: New Saudi Subsidiary, DMCC Divestment
AI Summary
Black Box Ltd announced the incorporation of Black Box Technologies Company in Saudi Arabia as a step-down subsidiary. Additionally, Black Box DMCC ceased to be an associate company following divestment by Black Box Holdings Ltd, and AGC Networks L.L.C., Abu Dhabi, UAE ceased to be a step-down subsidiary after receiving approval for license cancellation. The disclosure was made pursuant to Regulation 30 of SEBI LODR Regulations.
Key Highlights
- Black Box Products FZE, UAE incorporates Black Box Technologies Company in Saudi Arabia.
- Black Box DMCC ceased to be an associate company effective December 31, 2025.
- AGC Networks L.L.C., Abu Dhabi, UAE ceased to be a step-down subsidiary.
- 100% shareholding of Black Box Technologies Company held by Black Box Products FZE, UAE.
- Delay in disclosure due to pending regulatory formalities and inadvertent oversight.
Price Impact
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