AGS Transact Technologies Limited (AGSTRA) has announced a delay in the submission of its audited standalone and consolidated financial statements for the quarter and financial year ended March 31, 2025. The company was required to submit these results by May 30, 2025. The reasons cited for the delay include:
- Personnel shortages across various departments, including the finance department, as previously intimated on April 1, 2025.
- Vacancies in the company's Board of Directors and its Audit Committee.
- The combined effect of these personnel shortages and board/audit committee vacancies has rendered the management unable to compile the financial data for the reporting period, thus preventing the initiation of the audit process.
The company is actively exploring various options to remediate these personnel shortages and fill the vacancies, and is working to expedite the declaration of the Financial Statements at the earliest.