Black Box shareholders and shareholding pattern

NSE: BBOXBSE: 500463IT - ServicesSmall Cap

Black Box Limited · Formerly AGC Networks · Face value ₹2 · Listed Jul 1988 on BSE, Jul 2003 on NSE

₹809.15₹13.15 (1.65%)BSE ₹809.85

Share price at the NSE close on 27 Oct 2026. Previous close ₹796.00.

27 Oct: open ₹807.00, high ₹828.00, low ₹795.70

52-week range of traded prices to 27 Oct 2026

₹444.30Low, 30 Mar 2026₹1,103.00High, 5 Jun 2026

Market cap: ₹14,370 Cr515th largest listed
P/E: 63.58
P/E without one-offs: 48.69
P/B: 11.17
Dividend yield: 0.12%
ROE: 22.1%
ROE without one-offs: 28.9%
ROCE: 23.1%
Debt to equity: 0.64
Volume, NSE: 4,92,64433.7% delivered

Black Box's shareholding pattern for Sep 2026, filed on 13 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Black Box, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters69.95%
Foreign institutions3.78%
Indian institutions3.33%
Governments0.12%
Individuals and others22.81%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	75.00%	75.00%	74.79%	74.79%	74.90%	74.90%	74.90%	67.65%	67.65%	64.28%	64.28%	64.28%	69.12%	69.10%	69.02%	68.94%	68.93%	71.18%	71.18%	70.57%	70.56%	70.56%	71.21%	71.14%	71.14%	71.14%	71.14%	71.14%	71.14%	71.09%	71.06%	71.06%	70.60%	70.53%	70.35%	70.24%	70.11%	69.99%	69.95%	69.95%
Indian promoters	–	–	–	–	–	–	–	3.13%	3.13%	17.59%	17.59%	17.59%	21.77%	21.76%	21.74%	21.71%	21.71%	20.93%	20.93%	20.75%	20.75%	20.75%	21.78%	21.76%	21.76%	21.76%	21.76%	21.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	0.00%
Foreign promoters	75.00%	75.00%	74.79%	74.79%	74.90%	74.90%	74.90%	64.51%	64.51%	46.69%	46.69%	46.69%	47.35%	47.34%	47.29%	47.23%	47.22%	50.25%	50.25%	49.82%	49.82%	49.82%	49.43%	49.38%	49.38%	49.38%	49.38%	49.38%	71.14%	71.09%	71.06%	71.06%	70.60%	70.53%	70.35%	70.24%	70.11%	69.99%	69.95%	69.95%
	25.00%	25.00%	25.21%	25.21%	25.10%	25.10%	25.10%	32.35%	32.35%	35.72%	35.72%	35.72%	30.88%	30.90%	30.98%	31.06%	31.07%	28.82%	28.82%	29.43%	29.44%	29.44%	28.79%	28.86%	28.86%	28.86%	28.86%	28.86%	28.86%	28.91%	28.94%	28.94%	29.40%	29.47%	29.65%	29.76%	29.89%	30.01%	30.05%	30.05%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.50%	5.58%	5.58%	5.54%	4.92%	4.83%	4.81%	4.71%	3.38%	4.34%	4.70%	4.09%	4.22%	3.43%	3.26%	4.69%	3.78%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.50%	5.58%	5.58%	5.54%	4.92%	4.83%	4.81%	4.71%	3.38%	3.85%	4.39%	4.01%	4.13%	3.33%	3.17%	3.65%	3.62%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.48%	0.31%	0.08%	0.09%	0.10%	0.09%	1.04%	0.16%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.03%	0.03%	0.04%	0.04%	2.46%	2.99%	3.41%	3.33%
Mutual funds	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.03%	0.01%	0.01%	2.42%	2.95%	3.40%	3.32%
Insurance companies	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.02%	0.03%	0.04%	0.04%	0.01%	Under 0.01%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	–	–	–	Under 0.01%	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.12%	0.12%	0.12%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.13%	0.13%	0.13%	0.12%	0.12%	0.12%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.13%	0.13%	0.13%	0.00%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23.22%	23.14%	23.15%	23.18%	23.80%	23.90%	23.97%	24.08%	25.41%	24.91%	24.61%	25.40%	25.37%	23.86%	23.63%	21.83%	22.81%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.80%	6.99%	6.72%	6.67%	6.97%	6.70%	6.68%	7.19%	8.64%	8.97%	8.78%	9.58%	9.89%	9.37%	8.61%	7.37%	8.27%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.69%	5.68%	5.60%	5.46%	6.08%	6.75%	6.66%	6.74%	6.83%	6.91%	7.07%	6.99%	6.54%	5.66%	6.04%	6.22%	6.11%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.44%	3.30%	3.25%	3.54%	3.30%	3.29%	3.42%	2.98%	3.18%	3.15%	3.36%	3.31%	3.34%	4.33%	4.57%	4.14%	5.31%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.41%	0.43%	0.43%	0.45%	0.39%	0.37%	0.36%	0.42%	0.48%	0.19%	0.16%	0.21%	0.24%	0.24%	0.22%	0.17%	0.21%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.43%	0.42%	0.42%	0.40%	0.39%	0.39%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.43%	1.43%	1.43%	1.43%	1.43%	1.43%	1.50%	1.50%	1.50%	1.49%	1.49%	1.49%	1.55%	1.54%	1.62%	1.67%	1.67%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	4.89%	5.29%	5.20%	5.20%	4.93%	4.92%	4.83%	4.35%	3.77%	3.32%	3.41%	3.38%	2.29%	2.16%	1.86%	0.84%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.89%	4.88%	4.83%	4.81%	4.59%	4.56%	4.51%	3.95%	3.12%	2.55%	2.55%	2.53%	1.48%	1.39%	1.39%	0.37%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.40%	0.37%	0.39%	0.34%	0.35%	0.32%	0.37%	0.65%	0.74%	0.83%	0.83%	0.80%	0.76%	0.47%	0.47%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Promoter shares pledgedShare of the promoters' own shares	100.00%	100.00%	100.00%	100.00%	0.00%	10.02%	20.02%	10.60%	10.60%	33.65%	33.65%	33.65%	31.29%	10.37%	10.37%	10.37%	10.37%	9.21%	9.21%	9.21%	9.21%	9.21%	8.93%	8.93%	8.93%	8.93%	8.93%	8.93%	8.93%	8.93%	8.93%	8.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	2,84,66,464	2,84,66,464	2,84,66,464	2,84,66,464	2,84,66,464	2,84,66,464	2,84,66,464	2,97,37,649	2,97,37,649	2,97,37,649	2,97,37,649	2,97,37,649	2,97,37,649	2,97,44,649	2,97,79,876	2,98,15,103	2,98,20,103	3,25,28,830	3,25,28,830	3,28,08,176	3,28,12,854	3,28,12,854	16,77,37,685	16,79,04,610	16,79,04,610	16,79,04,610	16,79,04,610	16,79,04,610	16,79,04,610	16,80,25,590	16,80,75,090	16,80,75,090	16,91,81,895	16,93,46,882	16,97,93,376	17,00,44,485	17,03,53,044	17,74,95,255	17,75,99,205	17,75,99,205
Shares locked in	–	–	–	–	–	–	–	12,71,185	12,71,185	12,71,185	12,71,185	12,71,185	12,71,185	9,32,203	9,32,203	9,32,203	1,84,22,917	2,10,21,568	2,10,21,568	35,30,854	35,30,854	25,98,651	1,29,93,255	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	11,14,54,770	12,32,22,750	49,45,207	53,40,701	5,42,653	8,51,212	1,19,64,350	73,90,018	70,04,533
Promoters' shares locked in	–	–	–	–	–	–	–	9,32,203	9,32,203	9,32,203	9,32,203	9,32,203	9,32,203	9,32,203	9,32,203	9,32,203	1,84,22,917	2,10,21,568	2,10,21,568	35,30,854	35,30,854	25,98,651	1,29,93,255	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	1,66,66,670	10,87,81,255	11,94,41,430	36,73,415	36,73,415	–	–	47,96,163	47,96,163	47,96,163

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Black Box shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	9,991	9,791	9,224	9,049	9,342	9,106	9,014	8,991	8,666	8,402	8,207	7,964	7,754	7,637	7,570	7,647	7,523	7,488	8,251	8,743	8,891	10,593	12,619	13,696	14,153	14,283	14,058	16,847	16,394	16,647	26,206	55,997	60,198	64,210	78,709	88,065	81,639	73,638	72,559	83,578
	1	1	1	1	1	1	1	2	2	3	3	3	3	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1	1
Indian promoters	–	–	–	–	–	–	–	1	1	2	2	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	–	–	–	–	–	0
Foreign promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1
	9,990	9,790	9,223	9,048	9,341	9,105	9,013	8,989	8,664	8,399	8,204	7,961	7,751	7,635	7,568	7,645	7,521	7,486	8,249	8,741	8,889	10,591	12,617	13,694	14,151	14,281	14,056	16,845	16,392	16,646	26,205	55,996	60,197	64,209	78,708	88,064	81,638	73,637	72,558	83,577
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	18	17	18	18	20	22	21	36	38	65	66	69	75	71	77	79
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	18	17	18	18	20	22	21	35	36	58	59	60	67	63	69	69
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	2	7	7	9	8	8	8	10
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	9	9	11	11	11	11	11	12	12	14	16	16	16	21	24	33
Mutual funds	11	11	11	11	11	11	11	11	7	7	7	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	7	7	7	7	7	9	13	15	25
Insurance companies	2	2	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	2	2	2	2	2	2	2	2	2	2	2	2	2	3
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	4	4	2	2	4	2
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	1	–	–	–	1	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	1	0	0	0	0	0	0	0	–	–	–	–	–	–
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	0	1	1	1	1	1	1	1	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13,669	14,121	14,252	14,026	16,815	16,360	16,612	26,172	55,947	60,146	64,129	78,625	87,978	81,546	73,544	72,456	83,464
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13,230	13,680	13,526	13,301	15,969	15,488	15,797	25,102	53,723	58,388	62,356	76,465	85,534	79,189	71,313	70,254	80,948
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17	17	16	14	19	20	20	21	24	25	28	30	29	21	22	25	23
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	172	157	159	173	194	199	182	199	305	340	317	323	364	338	331	325	387
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	226	242	238	239	261	268	261	397	1,083	546	533	733	851	836	801	805	878
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	4	4	4	4	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	19	307	293	366	379	346	447	806	841	889	1,068	1,193	1,155	1,070	1,040	1,221
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	3	4	2	1	1	1
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	6	15	1	1	1	1	3	2	1	2	2	1	1	1	2	1
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	13	13	13	15	14	22	43	44	40	48	48	38	41	49	62
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	279	279	352	363	331	421	760	795	845	1,014	1,139	1,113	1,026	987	1,156
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1

Black Box promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Essar Telecom Limited, 69.95%. The filing names 7 more members with no shares.Promoter buying and selling

Holder
Essar Telecom LimitedForeign companies and others	69.95%	12,42,37,593	3.86%

No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.

Largest public holders of Black Box, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Black Box

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
SUBODH MASKARAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	2.13%	3.36%	3.35%	3.35%	3.35%	3.07%	3.07%	3.04%	3.04%	3.04%	–	2.97%	2.97%	2.97%	2.97%	2.97%	2.97%	2.79%	2.79%	2.76%	2.69%	2.68%	2.68%	2.67%	2.67%	2.59%	2.47%	2.56%
INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGYForeign portfolio investors, category I	4.98%	4.98%	4.98%	4.98%	4.98%	4.98%	4.98%	4.77%	3.09%	3.25%	3.53%	3.60%	3.60%	3.57%	3.57%	3.56%	3.60%	3.30%	3.30%	3.27%	3.27%	3.26%	3.21%	3.18%	3.17%	3.17%	3.17%	3.13%	3.13%	3.11%	3.11%	2.87%	2.81%	2.89%	2.86%	2.85%	1.82%	1.80%	1.79%	1.81%
SANJEEV S VERMADirectors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.30%	1.30%	–	1.27%	1.27%	–	1.27%	1.27%	1.27%	1.27%	1.27%	1.27%	–	1.26%	1.26%	1.26%	1.26%	1.25%	1.27%	1.27%	1.27%
CITOC INVESTMENT SERVICES LLPOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.08%	1.72%	2.92%	2.69%	2.80%	2.77%	2.77%	2.77%	2.71%	2.70%	2.70%	2.70%	2.70%	2.70%	2.70%	2.70%	2.64%	2.63%	2.10%	1.77%	1.76%	1.76%	1.05%	1.01%	–	–
Sanjeev VermaDirectors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.30%	–	–	1.27%	–	–	–	–	–	–	1.27%	–	–	–	–	–	–	–	–
ELARA INDIA OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I	–	–	–	–	1.01%	1.01%	2.14%	2.05%	2.05%	2.05%	2.05%	2.05%	2.05%	2.05%	2.04%	2.08%	2.02%	1.86%	1.81%	1.80%	1.88%	1.88%	1.85%	1.85%	1.85%	1.85%	1.85%	1.43%	1.43%	1.43%	1.37%	–	–	–	–	–	–	–	–	–
NCUBE VENTURES LLPOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	1.02%	1.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
QUICK TRADING AND INVESTMENT ADVISORS LLPOther non-institutions	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	1.01%	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Silverleaf Oak Advisors LLPOther non-institutions	–	–	–	–	–	–	–	–	1.68%	5.04%	5.04%	5.04%	5.04%	0.84%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Ebony Advisors LLPOther non-institutions	–	–	–	–	–	–	–	–	–	1.01%	1.01%	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EXPORT IMPORT BANK OF INDIAFinancial Institution Or Banks	–	–	–	–	–	–	–	7.02%	6.59%	6.59%	6.59%	6.59%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Quick Trading & Investment Advisors LLPOther non-institutions	–	–	–	–	–	–	–	–	–	1.02%	1.02%	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
QUICK REALTORS LLPOther non-institutions	–	–	–	–	–	–	–	1.02%	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NARESH LAKSHMANSINGH KOTHARIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EMERGING INDIA FOCUS FUNDSInstitutions Foreign Portfolio Investor	1.11%	1.11%	1.11%	1.11%	1.11%	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY 1.81%, +0.02 pts
Individuals and others: SUBODH MASKARA 2.56%, +0.09 pts