BLACK BOX LIMITED — Major Shareholding Notification 2020

Jan 18, 2020

ONIR INFORMATION TECHNOLOGY LIMITED

(Formerly known as Essar Information Technology Limited)

CIN: U72200MH1992PLC064816

Registered office: Essar House, 11 K K Marg, Mahalaxmi, Mumbai - 400034.

Email ID: holdingcosec@essar.com

PH No: 6660 1100

January 17, 2020

Το

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 sale by way of inter-se transfer under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir/Madam,

In compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Requlations, 2011, we would like to inform you that Onir Information Technology Limited (formerly known as Essar Information Technology Limited) has sold 9,32,203 Equity Shares of the face value Rs.10/- (Rupees Ten Only) each of AGC Networks Limited to Onir Metallics Limited by way of offmarket sale at previous day closing price pursuant to inter se transfer amongst promoter group.

The disclosure as prescribed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. 2011 setting out details of the sale 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 Information Technology Limited

on Tec ġ $Kapil$ Pirolit Director/Authorised Signatory

Place: Mumbai Date: January 17, 2020

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

Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011

Name of the Target Company (TC)	AGC Networks Limited (The "Company")
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Onir Information Technology Limited (the "Seller") (Formerly known as Essar Information Technology Limited) Essar Telecom Limited (the "PAC") Onir Metallics Limited (the "PAC") (Formerly known as Bhagwat Metallics Limited and Essar Metallics Limited)
Whether the acquirer belongs to Promoter / Promoter group	Yes, the Seller belongs to Promoter category.
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	BSE Limited; and National Stock Exchange of India Limited
Details of the acquisition / disposal as follows	Number	% w.r.t. total Share / voting capital wherever applicable (*)	% w.r.t. total diluted share / voting capital of the TC $(**)$
Before the acquisition disposal under consideration, holding of:
a) Shares carrying voting rights
Onir Information Technology Limited Onir Metallics Limited Essar Telecom Limited	9,32,203 55,40,694 1,40,82,055	3.1348 % 18.6319 % 47.3543 %	3.1348 % 18.6319 % 47.3543 %
b) Shares in the nature of encumbrance (pledge / lien / non-disposal undertaking / others)	Nil	Nil	Nil
Voting rights (VR) otherwise than by equity C) shares	Nil	Nil	Nil
Warrants / convertible securities / any other d) instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category)	Nil	Nil	Nil
$e)$ Total (a+b+c+d)	2,05,54,952	69.1210%	69.1210%
Details of acquisition / sale
a) Shares carrying voting rights acquired / sold Onir Information Technology Limited	9,32,203	3.1348 %	3.1348 %
b) VRs acquired / sold otherwise than by shares	Nil	Nil	Nil
Warrants / convertible securities / any other C) instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition.	Nil	Nil	Nil
d) Shares encumbered / invoked / released by the acquirer.	Nil	Nil	Nil
e) Total $(a+b+c+/-d)$	9,32,203	3.1348 %	3.1348 %

After the acquisition / sale, holding of:
a) Shares carrying voting rights
Onir Information Technology Limited Onir Metallics Limited Essar Telecom Limited	Nil 64,72,897 1,40,82,055	Nil 21.7667% 47.3543 %	Nil 21.7667 % 47.3543 %
b) Shares encumbered with the acquirer	Nil	Nil	Nil
VRs otherwise than by equity shares C)	Nil	Nil	Nil
d) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition	Nil	Nil	Nil
$e)$ Total (a+b+c+d)	2,05,54,952	69.1210%	69.1210%
Mode of acquisition / sale (e.g. open market / off- market / public issue / rights issue /preferential allotment / inter-se transfer etc.)	Inter-se transfer amongst promoter group
Date of acquisition / sale of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable	January 15, 2020
Equity share capital / total voting capital of the TC before the said acquisition / sale (*)	Rs. 29,73,76,490/- (2,97,37,649 equity shares of Rs. 10/- each)
Equity share capital / total voting capital of the TC after the said acquisition / sale	Rs. 29,73,76,490/- (2,97,37,649 equity shares of Rs. 10/- each)
Total diluted share / voting capital of the TC after the said acquisition / sale	Rs. 29,73,76,490/- $(2,97,37,649$ equity shares of Rs. 10/- each)

Note:

(*) Total share capital / voting capital to be taken as per the latest filing done by the Company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share / voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

For Onir Information Technology Limited

Place: Mumbai Date: January 17, 2020