BLACK BOX LIMITED — Capital/Financing Update 2021

Aug 2, 2021

==> picture [81 x 40] intentionally omitted <==

AGC Networks Limited

Essar House, 11 Keshavrao Khadye Marg, Opp. Race Course, Mahalaxmi, Mumbai 400 034 T - +91 22 6661 7272 www.agcnetworks.com

AGC/SD/SE/2021/ 98

August 2, 2021

BSE Limited Listing Compliance Department National First Floor, New Trading Ring Rotunda Stock Exchange of India Ltd. Building, P J Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Bandra Mumbai 400 001 (E), Mumbai 400 051 Kind Attn: Mr Khushro A. Bulsara Kind Attn: Mr Lokesh Bhandari General Manager & Head Senior Manager Listinq Compliance & Leqal Regulatory Listinq & Compliance

Sub: Nil Statement on Deviation or Variation of funds raised through Preferential Issue

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

Dear Sir/Madam,

As per the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, issued by the SEBI titled "Format on Statement of Deviation or Variation for proceeds of public issue, rights issue, preferential issue, Qualified Institutions Placement (QIP) etc." and pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith is a Nil statement issued by the Company on the captioned subject.

This is for the information of the exchange and the members.

Yours Faithfully,

For AGC Networks Limited Digitally signed by Aditya Goswami Aditya DN: cn=Aditya Goswami, c=IN, Goswami o=AGC NetworksLimited Date: 2021.08.03 00:35:55 +05'30' Aditya Goswami Company Secretary & Compliance Officer

Encl.: A./a.

Registered Office: Essar House, 11, Keshavrao Khadye Marg, Opp. Race Course, Mahalaxmi, Mumbai - 400 034, Maharashtra, India CIN: L32200MH1986PLC040652

T +91 22 6661 7272 F +91 22 66617405

==> picture [80 x 40] intentionally omitted <==

AGC Networks Limited

Essar House, 11 Keshavrao Khadye Marg, Opp. Race Course, Mahalaxmi, Mumbai 400 034 T - +91 22 6661 7272 www.agcnetworks.com

Statement of Deviation/ Variation in Utilisation of funds raised	Statement of Deviation/ Variation in Utilisation of funds raised	Statement of Deviation/ Variation in Utilisation of funds raised	Statement of Deviation/ Variation in Utilisation of funds raised	Statement of Deviation/ Variation in Utilisation of funds raised
Name of listed entity					AGC Networks Limited
Mode of Fund Raising					Preferential Issue
Date of Raising Funds					Amount Raised
January 08, 2021					Rs. 73.38 Crores
March02,2021					Rs. 65.63 Crores
March 20, 2021					Rs. 48.79 Crores
Report filed forQuarter ended					March 31,2021
Monitoring Agency					Not Applicable
Monitoring Agency Name, if applicable -					Not Applicable
IsthereaDeviatlon/Variationin useoffundsraised					No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders					Not Applicable
IfYes,Dateofshareholder Approval					Not Applicable
Explanation for the Deviation / Variation					Not Applicable
Comment of the Audit Committee after review					Noted and approved
Comments of the auditors, if any					None
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	Modified Object, if any	Original	Modified	Funds		Amount of	Remarks, if any
		Allocation	allocatio	Utilised till 31st March,		Deviation/Variation for
			n,	2021		the quarter according
			if any			to applicable object
The proceeds of the issue will be utilized for meeting the long-term funding requirements of the Company	Not Applicab le	Rs.187.81 Crores	Not Applica ble	187.81 Crores		Not Applicable	No Deviation

Original Object	Modified Object, if	Original Allocation	Modified allocatio	Funds Utilised till 31st March,	Amount of Deviation/Variation for	Remarks, if any
	any		n,	2021	the quarter according
			if any		to applicable object
The proceeds of the issue will be utilized for meeting the	Not Applicab le	Rs.187.81 Crores	Not Applica ble	187.81 Crores	Not Applicable	No Deviation
long-term funding
requirements of the Company

Registered Office: Essar House, 11, Keshavrao Khadye Marg, Opp. Race Course, Mahalaxmi, Mumbai - 400 034, Maharashtra, India CIN: L32200MH1986PLC040652

T +91 22 6661 7272 F +91 22 66617405

==> picture [80 x 40] intentionally omitted <==

inter-alia for meeting the Company’s capital expenditure, inorganic growth opportunities and for other general corporate purposes permitted by applicable laws. Deviation or variation could mean: a Deviation in the objects or purposes for which the funds have been raised or b Deviationintheamount offunds actually utilizedasagainstwhatwas originally disclosedor c Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

For AGC Networks Limited Deepak Kumar Bansal Executive Director & CFO DIN: 07495199