AGS Transact Technologies Limited — Important, 20-12-2024: Updates

AGS Transact Technologies Limited has successfully allotted 32,00,000 fully paid-up equity shares with a face value of Rs. 10 each to the Ravi Goyal Family Trust, following the conversion of warrants at a price of Rs. 79.25 per share (inclusive of a premium of Rs. 69.25). This allotment was part of the Special Resolution passed in July, and the company received Rs. 19.02 crore from the warrant holder toward the outstanding share issue price. Post-allotment, the company’s paid-up capital has increased to Rs. 126.53 crore, consisting of 12.65 crore equity shares. This development strengthens the capital structure and could enhance the company’s financial stability and market position. Investors should monitor this growth, as it could lead to potential opportunities moving forward.