AGS Transact promoters confirm no share encumbrance in FY26

1 min read     Updated on 04 Jun 2026, 02:24 AM
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AGS Transact Technologies Limited's promoters, Ravi B. Goyal and Vineha Enterprises Private Limited, confirmed in filings dated April 7, 2026, that they hold no encumbered shares as of March 31, 2026. The declarations, made under SEBI regulations, confirm no new pledging activity occurred during FY26.

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AGS Transact Technologies Limited disclosed that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. The company, currently under the Corporate Insolvency Resolution Process (CIRP) per an NCLT order dated August 25, 2025, received annual declarations from its promoter entities confirming zero pledging of equity shares.

The declarations were submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to annually disclose the status of encumbrances on their holdings to ensure transparency for shareholders.

Ravi B. Goyal, a promoter of the company, confirmed that neither he nor any persons acting in concert (PACs) with him created any direct or indirect encumbrance over the company's shares during FY26. He further verified that as of March 31, 2026, none of the equity shares held by him were pledged or encumbered.

Similarly, Vineha Enterprises Private Limited, another promoter entity, declared that it and its PACs did not create any encumbrances during the financial year. The entity confirmed that its entire equity holding in AGS Transact Technologies Limited remained free of pledges as of the fiscal year-end.

The disclosures were formally communicated to the company's registered office in Mumbai. Brijendra Kumar Mishra, the Deemed Resolution Professional for AGS Transact Technologies Limited under CIRP, acknowledged the receipt of these declarations for record-keeping purposes.

Promoter Entity Encumbrance Status as on March 31, 2026 New Encumbrances in FY26
Ravi B. Goyal None None
Vineha Enterprises Private Limited None None

What is the current status of the Corporate Insolvency Resolution Process (CIRP) and potential timeline for resolution?

How does the absence of encumbrances impact the valuation and attractiveness of the company for potential bidders?

What are the likely strategic changes or restructuring plans once the company exits the insolvency process?

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