BLACK BOX LIMITED — Capital/Financing Update 2020

Oct 19, 2020

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AGC/SD/SE/2020/93

October 19, 2020

AGC Networks Limited Equinox Business Park Tower 1, Off BKC LBS Marg, Kurla (West) Mumbai 400 070 T - +91 22 6661 7272 www.agcnetworks.com

To,

Corporate Relationship Department Bombay Stock Exchange Limited P.J. Tower, Dalal Street, Fort, Mumbai 400001	Corporate Relationship Department The National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai 400051

Sub: Intimation under Regulation 30(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") on grant of ESOP options

Ref: AGC Networks Limited—Script Code: 5000463 NSE Symbol: AGCNET

Dear Sir/Madam,

In accordance with the provisions of Regulation 30(3) read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations"), we wish to inform you that the Nomination and Remuneration Committee (“the Committee”) of the Company at its meeting held on October 19, 2020, has inter-alias, approved the grant of 63,000 Stock Options to the eligible employee of the Company at the exercise price of Rs. 425/- (Rupees Four Hundred and Twenty Five Only) pursuant to the “AGC Networks Employees Stock Option Scheme 2015” (“the Scheme”).

Further, in terms of SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 the requisite details of aforesaid grant of options is enclosed as “ Annexure A ”.

This is for your information, record and necessary action.

Thanking you.

Yours Faithfully,

For AGC Networks Limited

Digitally signed by Aditya Goswami Aditya DN: cn=Aditya Goswami, c=IN, o=AGC Networks Goswami Limited Date: 2020.10.19 19:46:23 +05'30'

Aditya Goswami Company Secretary & Compliance Officer

Encl.: A./a.

Registered Office: Equinox Business Park, Tower 1, Off BKC, LBS Marg, Kurla (West), Mumbai - 400 070, Maharashtra, India CIN: L32200MH1986PLC040652

T +91 22 6661 7272 F +91 22 66617405

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Annexure A

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Sr. Particulars Remarks
No.
1. Brief Details of Nomination and Remuneration Committee (“the Committee”)
options granted granted 63,000 Stock Options to the eligible employee of the
Company at the exercise price of Rs. 425/- (Rupees Four Hundred
and Twenty Five Only) pursuant to the “AGC Networks Employees
Stock Option Scheme 2015” (“the Scheme”).
2. Whether Scheme is in Yes
terms of SEBI (SBEB)
Regulations 2014 ?
3. Pricing Formula/ Rs. 425/- as determined by the Committee in accordance with the
Exercise Price Scheme
4. Total number of 63,000 Shares (each option confers upon the option holder the
Shares covered by right to subscribe for 1 (one) fully paid equity share of the
these options Company)
5. Vesting Schedule of % of securities which Timeframe
the options granted shall be vested
33% of total granted Upon the expiry of 36 months from the
securities date of the grant.
33% of total granted Upon the expiry of 48 months from the
securities date of the grant.
34% of total granted Upon the expiry of 60 months from the
securities date of the grant.
6. Exercise Period Vested options must be exercised within 24 months from the date
of vesting
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