AGS Transact Technologies Ltd. ( (IN:AGSTRA) ) has provided an update.
AGS Transact Technologies Limited announced the resignation of several key personnel, including independent directors, the company secretary, and a managing director of a subsidiary, effective February 14, 2025. The board also approved unaudited financial results for the quarter and nine months ending December 31, 2024, noting an adverse opinion from auditors on these results. Additionally, the company plans to approach lenders for a voluntary loan restructuring and convert a loan into equity shares in a wholly-owned subsidiary, indicating efforts to manage its financial obligations and strengthen its subsidiary’s capital base.
More about AGS Transact Technologies Ltd.
AGS Transact Technologies Limited operates in the technology and financial services industry, focusing on providing products and services related to electronic payment processing solutions, automated teller machines (ATMs), and other banking and retail technology solutions. The company targets markets that require secure and efficient transaction processing capabilities.
YTD Price Performance: -50.97%
Average Trading Volume: 76,410
Current Market Cap: 4.11B INR
Learn more about AGSTRA stock on TipRanks’ Stock Analysis page.