BLACK BOX LIMITED — Major Shareholding Notification 2020

Jan 20, 2020

ONIR METALLICS LIMITED (formerly known as Bhagwat Metallics Limited and Essar Metallics Limited) CIN: U27310GJ2015FLC082653 Corporate off: Essar House, 11 K K Marg, Mahalaxmi, Mumbai - 400 034 Email id: holdingcosec@essar.com Contact No: 022 66601100

January 18, 2020

To. The Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Security Code: 500463

National Stock Exchange of India Limited Exchange Plaza, Block G, C1, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 Symbol: AGCNET

Sub: Intimation to Stock Exchanges in respect of acquisition under Requlation 10(1)(a) 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 Onir Metallics Limited (formerly known as Bhagwat Metallics Limited and Essar Metallics Limited) has acquired 9.32.203 Equity Shares of the face value Rs.10/- (Rupees Ten Only) each of AGC Networks Limited from Onir Information Technology Limited by way of off-market purchase at previous day closing price pursuant to inter se transfer amongst qualifying persons as specified in Regulation 10(1)(a).

The disclosure as prescribed under Regulation 10(6) of SEBT (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 setting out details of the proposed acquisition of shares of AGC Networks Limited by way of inter se transfer amongst promoter group entities is attached herewith.

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

Thanking you,

For Onir Metallics Limited

Ginsh sathe Director/Authorised Signatory

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) Regulations, 2011

		Name of the Target Company (TC)	AGC Networks Limited
2.		Name of the acquirer(s)	Onir Metallics Limited(formerly known as Bhagwat Metallics Limited andEssar Metallics Limited)
3.1	Name ofthe stock exchange whereshares of the TC are listed		Bombay Stock Exchange Limited and NationalStock Exchange of India Limited
4.1	Detailsrationale,	of the transactionincludingif any,forthetransfer/acquisition of shares.	Inter-se transfer amongst promoter group
5.	offer.	Relevant regulation under which the acquirer isexempted from making open	10(1)(a)(iii)
6.	so,	Whether disclosure of proposed acquisition wasrequired to be made under regulation 10 (5) and if- whether disclosure was made and whether itwas made within the timeline specified under Yesthe regulations.- date of filing with the stock exchange.	January 8, 2020
7.		Details of acquisition	Disclosuresrequired to bemade underregulation $10(5)$	Whether thedisclosures underregulation $10(5)$are actually made
	a.	Name of the transferor / seller	Onir InformationTechnology Limited	Yes
	b.	Date of acquisition	January 15, 2020	Yes
	c.	Number of shares/voting rights in respect 9,32,203of the acquisitions from eachperson mentioned in $7(a)$ above		Yes
	d.	Total shares proposed to be acquired /actually acquired as a % of dilutedshare capital of TC	3.1348%	Yes
	e.	Price at which shares are proposed tobe acquired / actually acquired	$Rs. 174.75/-$ per equityshare	Yes

$\Box$

8.	Shareholding details		Pre-Transaction		Post-Transaction
			ofNo.	$%$ w.r.t	ofNo.	$%$ w.r.t
			shares	total share	shares	total
			held	capital of	held	share
				TC		capital of
						TC
	a	Each Acquirer / Transferee(*)
		Onir Metallics Limited	55,40,694	18.6319%	64,72,897	21.7667%
	b	Each Seller / Transferor
		Onir Information Technology Limited	9,32,203	3.1348%	Nil	Nil

For Onir Metallics Limited

(formerly known as Bhagwat Metallics Limited and Essar Metallics Limited)

Ginsh Sathe Director/Authorised Signatory

Place: Mumbai Date: January 18, 2020

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.