AGS Transact Technologies Ltd. ( (IN:AGSTRA) ) has issued an announcement.
AGS Transact Technologies Ltd. announced several significant changes including the resignation of multiple key personnel, such as independent directors and the company secretary. The board also approved financial results showing an adverse opinion by auditors, signaling potential financial challenges. Additionally, the company plans to approach lenders for loan restructuring to manage repayment obligations and is investing in its subsidiary, India Transact Services Ltd., by converting a loan into equity shares.
More about AGS Transact Technologies Ltd.
AGS Transact Technologies Ltd. operates in the financial technology sector, primarily providing payment solutions which include cash and digital payments, automated teller machines (ATMs), and other banking and retail technology solutions. The company focuses on enhancing transaction processes for consumers and businesses across India.
YTD Price Performance: -50.97%
Average Trading Volume: 76,410
Current Market Cap: 4.11B INR
See more insights into AGSTRA stock on TipRanks’ Stock Analysis page.