AGC Networks Limited, Board Meeting, Mar 15, 2013. Agenda: To approve the acquisition of the business of technology integration focused on unified communications, data center infrastructure and managed services from Transcend United Technologies.

Mr. Kunjal Mehta has been appointed as "Head- Finance" of AGC Networks Limited with immediate effect. Mr. Kunjal Mehta is a Chartered Accountant with over 14 years of experience in corporate finance, financial planning and control, treasury and fund management.

AGC Networks Limited reported unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter on standalone basis, the company reported loss from operations before other income, finance costs and exceptional items of INR 126.747 million compared to profit of INR 50.843 million reported a year ago. Net sales were INR 1,337.766 million compared to INR 1,272.013 million reported a year ago. Net profit was INR 76.778 million or INR 2.70 per share compared to INR 22.647 million or INR 0.80 per share reported a year ago. Profit from ordinary activities before tax was INR 78.248 million compared to INR 33.694 million reported a year ago. For the nine months on standalone basis, the company reported loss from operations before other income, finance costs and exceptional items of INR 23.705 million compared to profit of INR 172.98 million reported a year ago. Net sales were INR 4,180.314 million compared to INR 4,401.087 million reported a year ago. Net profit was INR 158.11 million or INR 5.55 per share compared to INR 98.049 million or INR 3.44 per share reported a year ago. Profit from ordinary activities before tax was INR 129.649 million compared to INR 144.263 million reported a year ago. For the quarter on consolidated basis, the company reported loss from operations before other income, finance costs and exceptional items of INR 28.767 million compared to profit of INR 252.25 million reported a year ago. Net sales were INR 2,486.380 million compared to INR 2,406.430 million reported a year ago. Net profit was INR 138.767 million or INR 4.87 per share compared to INR 182.105 million or INR 6.40 per share reported a year ago. Profit from ordinary activities before tax was INR 167.908 million compared to INR 227.26 million reported a year ago. For the nine months on consolidated basis, the company reported loss from operations before other income, finance costs and exceptional items of INR 372.993 million compared to profit of INR 562.044 million reported a year ago. Net sales were INR 7,753.257 million compared to INR 6,921.882 million reported a year ago. Net profit was INR 454.868 million or INR 15.98 per share compared to INR 395.682 million or INR 13.90 per share reported a year ago. Profit from ordinary activities before tax was INR 501.468 million compared to INR 507.677 million reported a year ago.