AGS Transact Technologies Limited — Important, 19-12-2024: Updates

The Board of Directors of AGS Transact Technologies Limited has approved the allotment of 5,50,000 fully paid-up equity shares at an issue price of Rs. 79.25 each, following the conversion of warrants by the Ravi Goyal Family Trust. This allotment was contingent upon the payment of Rs. 3,26,90,625 for 75% of the issue price, as per a resolution passed earlier. Following this issuance, the company’s paid-up capital has increased to Rs. 123.33 crore, comprising 12,33,33,076 equity shares. This development enhances the financial strength of AGS Transact Technologies, thereby offering a positive outlook for potential growth and investor interests.