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• AGS Transact Technologies Limited's promoters Ravi B. Goyal and Vineha Enterprises Private Limited submitted annual declarations under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2025.
• The promoters declared that they have not created any new encumbrances on the company's shares beyond what has already been disclosed.
• As of March 31, 2025, Ravi B. Goyal holds 1,82,83,945 pledged/encumbered equity shares.
• Vineha Enterprises Private Limited holds 55,00,000 pledged/encumbered equity shares as of the same date.

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.

• AGS Transact Technologies Limited (AGSTRA) has announced the resignation of M/s. Bhandari & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company.
• M/s. Bhandari & Associates submitted their resignation letter on May 16, 2025.
• The stated reason for their resignation is "pre-occupation and inability to devote sufficient time," which prevents them from dedicating adequate time to the Company's secretarial audit for the financial year 2024-25.
• Their resignation is effective immediately, meaning M/s. Bhandari & Associates are no longer the Secretarial Auditor of AGS Transact Technologies Limited.

AGS Transact Technologies Limited has submitted the Monitoring Agency Report for the quarter ended March 31, 2025, related to the utilization of proceeds from its preferential issue of convertible warrants.

Key details from the report by CRISIL Ratings Limited, the Monitoring Agency:

• The original issue size of warrants was approximately ₹199.99 crore, which was revised to ₹159.36 crore due to undersubscription.
• As of the quarter ended March 31, 2025, the total proceeds received from warrants subscription and conversion amounts to ₹73.42 crore.
• A significant amount of ₹85.94 crore from remaining warrant conversions is yet to be received by the company within 18 months from the allotment date.

Utilization of proceeds during the quarter ended March 31, 2025:

• Working Capital: ₹3.43 crore utilized (Total utilized till quarter end: ₹57.26 crore). Unutilized amount from received proceeds: ₹42.33 crore.
• Repayment of Secured/Unsecured Loans/Creditors: ₹2.51 crore utilized (Total utilized till quarter end: ₹16.12 crore). Unutilized amount from received proceeds: ₹3.79 crore.
• General Corporate Purposes: ₹0.00 utilized (Total utilized till quarter end: ₹0.00). Unutilized amount from received proceeds: ₹39.84 crore.

Total proceeds utilized till the end of the quarter were ₹73.38 crore, leaving ₹3.41 lakh of the received proceeds unutilized, which is held in bank accounts.

The Monitoring Agency noted unfavorable events:

• Revision of Credit Rating to ‘Default’ by Credit Rating Agencies in February 2025 due to delayed debt servicing.
• The current share price is significantly below the warrant price, which may discourage investors from converting warrants and investing the remaining amount.

The agency highlighted that these events may severely impact the company’s ability to achieve the objects of the preferential issue. The company also experienced delays in submitting required documents to the Monitoring Agency for the report.