AGS Transact Technologies Limited — Important, 06-12-2024: Updates

The Board of Directors has approved the allotment of 5,00,000 equity shares to the AGSTTL Employees Welfare Trust under the Employee Stock Option Scheme 2015. Following this allotment, the paid-up capital of the company will increase from ₹1,22,28,30,760 to ₹1,22,78,30,760, now consisting of 12,27,83,076 equity shares. This issuance represents a strategic move to incentivize employees and enhance alignment with the company’s long-term performance. The potential for increased employee motivation could lead to improved operational efficiency and, in turn, a positive outlook for shareholders as the talent is encouraged to contribute to the company's growth. Watch closely for subsequent developments regarding the allocation of these shares to eligible grantees.