AGS Transact Technologies Limited — Important, 31-12-2024: Updates

The Board of Directors of AGS Transact Technologies Limited has approved the allotment of 6,00,000 fully paid-up equity shares to the Anupama Goyal Family Trust at an issue price of Rs. 79.25 per share, which includes a premium of Rs. 69.25. This issuance results from the conversion of warrants, following the request from the Trust and upon receipt of Rs. 3,56,62,500 for the outstanding 75% of the issue price. Post-allotment, the company's paid-up capital now stands at Rs. 128.03 crore, consisting of 12,80,33,076 equity shares. This move strengthens the promoter group's stake and presents a positive outlook for future capital expansion and shareholder value.