BLACK BOX LIMITED — Major Shareholding Notification 2021

Mar 22, 2021

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

	Name of the Target Company (TC)	Name of the Target Company (TC)	AGC Networks Limited (The “Company”)	AGC Networks Limited (The “Company”)	AGC Networks Limited (The “Company”)
	Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		Essar Telecom Limited (the “Acquirer”) Onir Metallics Limited (“PAC”)
	Whether the acquirer belongs to Promoter / Promoter group		Yes, the Acquirer 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 Essar Telecom Limited Onir Metallics Limited	1,53,82,513 68,07,267	48.73 21.57	46.24 20.46
	b)	Shares in the nature of encumbrance (pledge / ~~lien / non-disposal undertaking / others)~~	Nil	Nil	Nil
	c) Voting rights (VR) otherwise than by shares		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) Warrants Essar Telecom Limited Onir Metallics Limited	11,99,542 4,98,964	NA NA	3.61 1.50
	e) Total (a+b+c+d)		2,38,88,286	70.30	71.81

	Details of acquisition	Details of acquisition	~~/ sale~~	~~/ sale~~
	a) Shares carrying voting rights acquired Essar Telecom Limited Onir Metallics Limited				~~/ sold~~	9,63,823 Nil	2.96 Nil	2.90 Nil
	b)VRs acquired/sold otherwise than by				shares	Nil	Nil	Nil
	c) Warrants / convertible securities / any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold.					Nil	Nil	Nil
	d)	Shares encumbered / ~~acquirer.~~		~~invoked / released by the~~		Nil	Nil	Nil
	e)	Total (a+b+c+/-d)				9,63,823	2.96	2.90
	After the acquisition		~~/ sale,~~holding of:
	a) Shares carrying voting rights Essar Telecom Limited Onir Metallics Limited					1,63,46,336 68,07,267	50.25 20.93	49.14 20.46
	b) Shares encumbered with the acquirer					NIL	NIL	NIL
	c) VRs otherwise than by equity shares					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 Warrants Essar Telecom Limited Onir Metallics Limited					2,35,719 4,98,964	NA NA	0.71 1.50
	e)Total (a+b+c+d)					2,38,88,286	71.18	71.18
	Mode of acquisition /~~sale~~(e.g. open market / off- market / public issue / rights issue /preferential allotment / inter- se transfer etc.)					preferential allotment (conversion of warrants into equity shares)
	Date of~~acquisition / sale of shares / VR~~or date of receipt of intimation of allotment of shares, whichever is applicable					March 21, 2021
	Equity share capital / total voting capital of the TC before the said acquisition / sale (*)					3,15,65,007

Equity share capital / total voting capital of the TC after the said acquisition / sale	3,25,28,830
Total diluted share / voting capital of the TC after the said acquisition / sale	3,32,63,513

(*) 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 Essar Telecom Limited _____ Authorized Signatory Place: Port Louis

Date: 22 March 2021