BLACK BOX LIMITED — Interim / Quarterly Report 2021

Aug 10, 2021

==> picture [129 x 42] intentionally omitted <==

AGC Networks Limited Essar House, 11 Keshavrao Khadye Marg, Opp. Race Course, Mahalaxmi, Mumbai 400 034 T - +91 22 6660 1100 F -+91 22 2354 4331 www.agcnetworks.com

AGC/SD/SE/2021/101

August 10, 2021

To,

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

Sub: Disclosure of Half-Yearly Related Party Transactions (“RPT”) on consolidated basis pursuant to Reg 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations

Ref: BSE Script Code: 500463 NSE Symbol: AGCNET

Dear Sir/Madam,

Pursuant to the provisions of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations (“LODR Regulations”), as amended, we hereby submit the enclosed disclosure of Related Part Transactions (“RPT”) of AGC Networks Limited (“the Company”), on consolidated basis, for the half-year ended March 31, 2021.

The said disclosure shall also be published on the website of the Company at www.agcnetworks.com simultaneously.

This is for your information, records and necessary dissemination.

Thanking You.

Yours Faithfully, For AGC Networks Limited

Digitally signed by Aditya Goswami Aditya DN: cn=Aditya Goswami, c=IN, o=AGC Goswami Networks Limited Date: 2021.08.10 01:13:54 +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 6660 1100 F +91 22 2354 4331

AGC Networks Limited Related party disclosure of AGC Networks Limited on a consolidated basis - half year ended 31 March 2021

37 Related Party Disclosure:

(I) List of related parties and relationship.

(i) Ultimate Holding Company:

Essar Global Fund Limited

(ii) Holding Company:

Essar Telecom Limited (up to 4 January 2019)

Related party with whom transactions have taken place

(iii) Entities under common control:

Essar Bulk Terminal (Salaya) Limited Essar Bulk Terminal Limited Essar Bulk Terminal Paradip Limited Essar Oil UK Limited Essar Shipping Limited Essar Steel Algoma Inc. Essar Projects Limited Essar Power Gujarat Ltd. Essar Power (Orissa) Ltd Essar Power M P Limited Essar Power Hazira Limited Ibrox Aviation and Trading Private Limited The Mobilestore Limited Essar Electric Power Development Corporation Limited Essar Oil and Gas Exploration and Production Limited Arkay Logistics Limited Mesabi Metallics LLC EPC Constructions India Ltd Essar Constructions India Ltd Essar Power Transmission Co. Ltd Essar Projects (PNG) Limited PT Manoor Bultan Lestari Indonesia Essar Projects Middle East FZE

(iv) Key Managerial Personnel:

Mr. Sanjeev Verma, Whole-time Director

Mr. Sujay R Sheth, Independent Director

Mr. Dilip Thakkar, Independent Director

Mrs. Mahua Mukherjee, Executive Director

• Mr. Aditya Goswami, Company Secretary

• Mr. Naresh Kothari, Non-executive Director

• Mr. Deepak Kumar Bansal, Chief Financial Officer and Executive Director

AGC Networks Limited

RPT for the half year ended on 31 March 2021

			Rs. in Crores	Rs. in Crores
(II)	Transactions during theyear with relatedparties :		s. n ror
	Nature of transaction**Sale of products ***Essar Oil UK LimitedEssar Power Gujarat Ltd.Essar Power (Orissa) LtdEssar Power Hazira LimitedEssar Bulk Terminal (Salaya) LimitedEssar Bulk Terminal LimitedEssar Bulk Terminal Paradip LimitedEssar Power Transmission Co. LtdMesabi Metallics Co. LLCEPC Constructions India LtdArkay Logistics Ltd**Sale of services ***Essar Oil UK LimitedEssar Power M P LimitedEssar Shipping LimitedEssar Power (Orissa) LtdEssar Projects LimitedEssar Power Transmission Co. LtdEssar Projects (PNG) LimitedEssar Electric Power Development Corporation LimitedEssar Oil and Gas Exploration and Production LimitedEssar Constructions India LtdLoan repaymentEssar Telecom Limited		Entities undercommon contro
		ature of transaction**ale of products ***ssar Oil UK Limitedssar Power Gujarat Ltd.ssar Power (Orissa) Ltdssar Power Hazira Limitedssar Bulk Terminal (Salaya) Limitedssar Bulk Terminal Limitedssar Bulk Terminal Paradip Limitedssar Power Transmission Co Ltd
			31 March 20	21
			-0.30.00.10.00.80.000	5161128989
			.2.51.10.0
			5.3	0
			1.50.00.50.30.90.70.20.11.30.9	5135710209
			6.7	4
			188.8	4
			188.8	4

*Sale of products and services amounts represent invoices raised during the year and it includes invoices where revenue recognition has been deferred.

Notes:

1. Transactions up to the date of cessation / from the date of establishment of related party relationship have been considered for disclosure.

2. Foreign currency transactions are reported in INR using exchange rate of the transaction date.

AGC Networks Limited

Amount due to / from related parties as at half year ended on 31 March 2021

==> picture [421 x 138] intentionally omitted <==

----- Start of picture text ----- (III) Amount due to / from related parties (as at year-end) Rs. In CroresNature of balances 31 March 2021Trade receivablesEssar Shipping Limited 1.15Essar Bulk Terminal Limited 0.04Essar Projects Limited 0.64Essar Power M P Limited 0.00Essar Oil UK Limited 0.58Essar Power Hazira Ltd 0.10Essar Constructions India Ltd 0.99Essar Oil and Gas Exploration 0.75Essar Power Transmission Co. Ltd 0.79Essar Projects (PNG) Limited 0.07Mesabi Metallics Co. LLC 2.597.70----- End of picture text -----

Foreign currency balance are restated in INR using year end exchange rate.

** These amounts includes trade payables, other liabilities and advance from customers.

(IV) Key Management Personnel (KMP) compensation:

The following table provides the total amount of transactions that have been entered into with KMP for the relevant financial year:

During the year, Nil (31 March 2020 : Nil) ESOPs are granted to KMP and Nil (31 March 2020 : Nil) ESOPs lapsed.

==> picture [409 x 43] intentionally omitted <==

----- Start of picture text -----

Particulars	31 March 2021
Remuneration
Salary and contribution to provident fund	14.77
Directors' sitting fees	0.27
Payable as at year end	5.87

----- End of picture text -----

Note: The remuneration to the KMP does not include the provisions made for gratuity and compensated absences, as they are determined on an actuarial basis for the Company as a whole.