AGS Transact Technologies Limited — Board Meeting, 16-12-2024: Outcome of Board Meeting

The Board of Directors of AGS Transact Technologies Limited has authorized management to explore a stake sale of up to 20% in Securevalue India Limited and up to 26% in India Transact Services Limited, both wholly-owned subsidiaries. Additionally, negotiations with prospective investors regarding fundraising for Novus Technologies Pte. Ltd. are in progress, with plans to use proceeds to enhance the company's balance sheet through loan prepayments. The trading window for the company's securities will remain closed for 48 hours following this announcement.