BLACK BOX LIMITED — Major Shareholding Notification 2021

Mar 4, 2021

ONIR METALLICS LIMITED

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

CIN: U27310GJ2015FLC082653

Corporate office address: Essar House, 11 K. K. Marg, Mahalaxmi, Mumbai 400 034

Email id: holdingcosec@essar.com

Contact No: 022 66601100

March 03, 2021

To.

Corporate Relationship Department Bombay Stock Exchange Limited	Corporate Relationship Department The National Stock Exchange of India
P.J. Tower, Dalal Street, Fort,	Limited
Mumbai - 400001	Exchange Plaza, Bandra Kurla Complex,
	Bandra East, Mumbai 400051

Sub: Intimation to Stock Exchanges in respect of acquisition of equity shares under Regulation 29 (2) of SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011

Dear Sir/Madam,

In terms of Regulation 29 (2) of SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011, please find attached the disclosure by Onir Metallics Limited for acquisition of 3,34,370 Equity Shares of AGC NETWORKS LIMITED in the prescribed format.

This is for your information, records and necessary dissemination.

$D = 11$

Thanking You. Yours Faithfully,

For Onir Metallics Limited

Director/Authorized Signator

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

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	Onior Metallics Limited ("Acquirer")
Concert (PAC) with the acquirer	Essar Telecom Limited (the "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	BSE Limited; and
shares of TC are Listed	National Stock Exchange of India Limited
Details of the acquisition / disposal as follows ٠	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:
Shares carrying voting rights a)
Onior Metallics Limited	64,72,897	21.63	19.46
Essar Telecom Limited	1,40,82,055	47.05	42.34
b) Shares in the nature of encumbrance (pledge / lien / non-disposal undertaking / others)	Nil	Nil	Nil
c) Voting rights (VR) otherwise than by equity	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
Onior Metallics Limited	8,33,334	NA	2.51
Essar Telecom Limited	25,00,000	NA	7.52
$e)$ Total (a+b+c+d)	2,38,88,286	68.68	71.83

Perm (E)

Meta

bs

Details of acquisition / sale
Shares carrying voting rights acquired $\neq$ sold a)
Onior Metallics Limited	3,34,370	1.06	1.01
Essar Telecom Limited	13,00,458	4.12	3.91
b) VRs acquired / sold otherwise than by shares Warrants / convertible securities / any other C)	Nil Nil	Nil	Nil
		Nil	Nil
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) after acquisition.
d) Shares encumbered / invoked / released by the	Nil	Nil	Nil
acquirer.			۰
e) Total $(a+b+c+/-d)$	16,34,828	5.18	4.92
After the acquisition / sale , holding of:
Shares carrying voting rights a)
Onior Metallics Limited	68,07,267	21.57	20.46
Essar Telecom Limited	1,53,82,513	48.73	46.24
	NIL	NIL	NIL
b) Shares encumbered with the acquirer
c) VRs otherwise than by equity 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) after acquisition
Warrants
Onior Metallics Limited Essar Telecom Limited	4,98,964	NA	1.50
	11,99,542	NA	3.61
$e)$ Total (a+b+c+d)	2,38,88,286	70.30	71.81
Mode of acquisition / sale (e.g. open market / off- market / public issue / rights issue / preferential allotment / inter-	preferential allotment (conversion of warrants into equity shares)
se transfer etc.)
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 (*)

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.

For Onir Metallics Limited

etal Director/Authorized Signatory

Place: Mumb Gi

Date: $3|3|2|$