BLACK BOX LIMITED — Major Shareholding Notification 2021

Mar 4, 2021

Format for 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	Essar Telecom Limited (the "Acquirer")
Concert (PAC) with the acquirer	Onior 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 Onior Metallics Limited	1,40,82,055 64,72,897	47.05 21.63	42.34 19.46
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	25,00,000	NA	7.52
Onior Metallics Limited	8,33,334	NA	2.51
Total (a+b+c+d) e)	2,38,88,286	68.68	71.83

Details of acquisition /sale
a) Shares carrying voting rights acquired / sold
Essar Telecom Limited	13,00,458	4.12
Onior Metallics Limited	3,34,370	1.06
VRs acquired / sold otherwise than by shares b)	Nil	Nil
Warrants / convertible securities / any other c)	Nil	Nil
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) acquired/sold.
Shares encumbered / invoked / released by the d)
acquirer.	Nil	Nil
e) Total $(a+ b+c+/ -d)$	16,34,828
After the acquisition / sale, holding of:		5.18
Shares carrying voting rights a)
Essar Telecom Limited	1,53,82,513	48.73
Onior Metallics Limited	68,07,267	21.57
b) Shares encumbered with the acquirer	NIL	NIL
c) VRs otherwise than by equity shares	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) after acquisition
Warrants
Essar Telecom Limited	11,99,542	NA
Onior Metallics Limited	4,98,964	NA
$e)$ Total (a+b+c+d)	2,38,88,286	70.30
Mode of acquisition / sale (e.g. open market / off- market	preferential allotment (conversion of warrants into
/ public issue / rights issue /preferential allotment / inter- se transfer etc.)	equity shares)
Date of acquisition / sale of shares / VR or date of receipt	March 03, 2021
of intimation of allotment of shares, whichever is applicable
Equity share capital / total voting capital of the TC	2,99,30,179
before the said acquisition / sale $(*)$		Telecom
	$\boldsymbol{\delta}$ n $\mathcal{L}$	$\frac{d\mathbf{y}{c}}{d\mathbf{z}{c}}$ Common

Equity share capital / total voting capital of the TC	3,15,65,007
after the said acquisition / sale
Total diluted share / voting capital of the TC after the said 3,32,63,513 acquisition / sale

(*) 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.

Telen

$\overline{3}$

Canadan $2\sqrt{2}$

$p_{31}$

For Essar Telecom Limited 45587 Authorized Signatory 惠 Place: $P_{\text{or}}$ Jauritius ig, N Date: 04 Match 2021