BLACK BOX LIMITED — Capital/Financing Update 2022

May 28, 2022

Telephone: +91 22 6661 7272 | Email: marketing.india@blackbox.com

BBOX/SD/SE/2022/69

May 27, 2022

Corporate Relationship Department Bombay Stock Exchange Limited P.J. Towers, Dalal Street, Fort, Mumbai – 400001	Corporate Relationship Department National Stock Exchange Limited Exchange Plaza, Bandra Kurla Complex, Bandra(East),Mumbai – 400051

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

Ref: Black Box Limited (Formerly known as AGC Networks Limited)—Script Code: 5000463 NSE Symbol: BBOX

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 for the quarter ended March 31, 2022.

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

Yours Faithfully,

For Black Box Limited

(Formerly known as AGC Networks Limited)

Digitally signed by Aditya Goswami DN: cn=Aditya Goswami, o=Black Box Limited, ou, email=aditya.goswami@agcnetwor ks.com, c=IN

Aditya Goswami Company Secretary & Compliance Officer

Encl.: A./a.

BLACK BOX LIMITED (Formerly AGC Networks Limited)

~~Registered Office: 501, 5th Floor, Building No. 9, Airoli Knowledge Park, MIDC Industrial Area, Airoli, Navi Mumbai 400 708, India~~ BLACKBOX.COM | CIN: L32200MH1986PLC040652 | Tel: +91 22 6661 7272

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					Black Box Limited (Formerly known as AGC Networks Limited)
Mode of Fund Raising					Preferential Issue
Date of Raising Funds					Amount Raised
January 08, 2021					Rs. 73.38 Crores
March 02, 2021					Rs. 65.63 Crores
March 20, 2021					Rs. 48.79 Crores
Report filed forQuarter ended					March 31,2022
Monitoring Agency					Not Applicable
Monitoring Agency Name, if applicable -					Not Applicable
Is there a Deviation / Variation in use of funds raised					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
If Yes, Date of shareholder 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 Deviation/Variation	Remarks, if any
		Allocation	allocation,	Utilised till 30th		for the quarter according
			if any	September, 2021		to applicable object
The proceeds of the issue will be utilized for meeting the long- term funding requirements of the Company.	Not Applicable	Rs.187.81 Crores	Not Applicable	Rs.187.81 Crores		Not Applicable	No Deviation
Deviation or variation could mean:

BLACK BOX LIMITED (Formerly AGC Networks Limited)

~~Registered Office: 501, 5th Floor, Building No. 9, Airoli Knowledge Park, MIDC Industrial Area, Airoli, Navi Mumbai 4~~ 00 708, India

BLACKBOX.COM | CIN: L32200MH1986PLC040652 | Tel: +91 22 6661 7272

a Deviation in the objects or purposes for which the funds have been raised or b Deviation in the amount of funds actually utilized as against what was originally disclosed or c Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc For Black Box Limited (Formerly known as AGC Networks Limited)

Deepak Kumar Bansal CFO & Executive Director DIN: 07495199

BLACK BOX LIMITED (Formerly AGC Networks Limited)

~~Registered Office: 501, 5th Floor, Building No. 9, Airoli Knowledge Park, MIDC Industrial Area, Airoli, Navi Mumbai 4~~ 00 708, India

BLACKBOX.COM | CIN: L32200MH1986PLC040652 | Tel: +91 22 6661 7272