BLACK BOX LIMITED — Major Shareholding Notification 2019

Jan 9, 2019

January 9, 2019

The Bombay Stock Exchange Limited	Mational Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, Block G,
Dalal Street	C1, Bandra Kurla Complex,
Mumbai - 400 001	Bandra (East), Mumbai - 400051
Security Code: 500463	Symbol: AGCNET

Sub: Intimation to Stock Exchanges in respect of acquisition under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir/Madam.

In compliance with Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, we would like to inform you that Bhagwat Metallics Limited (formerly known as Essar Metallics Limited), the Acquirer, being a part of Promoter Group of AGC Networks Limited (hereinafter referred to as "ANL") has acquired 53,00,000 Equity Shares of the face value Rs.10/- each of ANL from Essar Telecom Limited, Mauritius, Promoter of ANL, by way of inter se transfer within promoter group, on the terms and conditions as mutually agreed.

Kindly take the same on your records and acknowledge the receipt of the same.

Thanking you,

For Bhagwat Metallics Limited

Girish-Sathe Director

DIN: 00022998

$CC:$ AGC Networks Limited Equinox Business Park (Peninsula Techno Park), Off Bandra-Kurla Complex, LBS Marg, Kurla (West), Mumbai - 400070

Disclosures under Regulation 10(6) – Report to Stock Exchanges in respect of any
acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulatio

AGC Networks Limited Name of the Target Company (TC) 1. Name of the acquirer(s) Bhagwat Metallics Limited ("Acquirer") 2. (formerly known as Essar Metallics Limited) Bombay Stock Exchange Limited and National Name of 3.1 the stock exchange where Stock Exchange of India Limited shares of the TC are listed
4. Details of the transaction including Inter-se transfer amongst promoter group if any, rationale, for the transfer/ acquisition of shares.
Relevant regulation under which the acquirer is 10(1)(a)(iii) 5. exempted from making open offer.
Whether disclosure of proposed acquisition was 6.1 required to be made under regulation 10 (5) and if so, - whether disclosure was made and whether it was made within the timeline specified under [Yes] the regulations. December 28, 2018 - date of filing with the stock exchange.
Disclosures 7. Details of acquisition required to be made under regulation $10(5)$	Whether the disclosures under regulation $10(5)$ are actually made
Name of the transferor / seller Essar Telecom Limited, a. Mauritius	Yes
$b$ . Date of acquisition January 4, 2019	Yes
Number of shares/voting rights in respect 53,00,000 c. of the acquisitions from each person mentioned in 7(a) above	Yes
Total shares proposed to be acquired / 17.82% d. actually acquired as a % of diluted share capital of TC	Yes
Rs. 70/- per equity share Price at which shares are proposed to e. be acquired / actually acquired	Yes

8.	Shareholding details		Pre-Transaction		Post-Transaction
			No. of shares held	% w.r.t total share capital of TC	of No. shares held	% w.r.t total share capital of TC
	$\mathbf a$	Each Acquirer / Transferee(*)
		Bhagwat Metallics Limited (Acquirer)	NIL	NIL	53,00,000	17.82%
	b	Each Seller / Transferor
		Essar Telecom Limited	1,91,84,143		64.51 1,38,84,143	46.69

For Bhagwat Metallics Limited

Girish Sathe Director DIN: 00022998

Place: Mumbai Date: January 9, 2019

Note:

• (*) Shareholding of each entity shall be shown separately and then collectively in a group. $\bullet$
• The above disclosure shall be signed by the acquirer mentioning date $\&$ place. In case, there is more than $\bullet$ one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.