AGS Transact Technologies Limited — Important, 23-12-2024: Updates

The Board of Directors of AGS Transact Technologies Limited has approved the allotment of 9,00,000 fully paid-up Equity Shares with a face value of Rs. 10 each to the Promoter Group upon the conversion of warrants. This conversion occurred at a price of Rs. 79.25 per share, including a premium of Rs. 69.25, following a Special Resolution passed in July 2024. The total amount received for this transaction is Rs. 5.34 crore.

Post allotment, the company's issued and paid-up capital increases to Rs. 127.43 crore, comprising 12.74 crore equity shares. The shares rank equally with existing shares, enhancing the promoter’s stake from 2.96% to 3.65% after the conversion. This share issuance could improve the company's capital structure, offering potential for increased investor confidence and positive market sentiment.