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AGS Transact Technologies Reports Financial Results, Announces Restructuring and Key Resignations

Story Highlights
  • AGS Transact Technologies released financial results for the quarter and nine months ending December 31, 2024.
  • The company plans to restructure its loans and announced several key management resignations.
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AGS Transact Technologies Reports Financial Results, Announces Restructuring and Key Resignations

AGS Transact Technologies Ltd. ( (IN:AGSTRA) ) has shared an announcement.

AGS Transact Technologies Limited, a player in the financial technology industry, announced its financial results for the quarter and nine months ended December 31, 2024. The company’s auditors issued an adverse opinion on its standalone and consolidated financial statements. The company plans to restructure its loans to manage repayment obligations and has seen resignations from several key management personnel, including two independent directors and the company secretary. Additionally, the company plans to invest Rs. 23 Crores into India Transact Services Limited by converting a loan into equity shares.

More about AGS Transact Technologies Ltd.

YTD Price Performance: -50.97%

Average Trading Volume: 76,410

Current Market Cap: 4.11B INR

For detailed information about AGSTRA stock, go to TipRanks’ Stock Analysis page.

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