AGS Transact Technologies Limited has scheduled its 10th Committee of Creditors meeting for March 25, 2026 at 12:00 noon through video conferencing. The announcement was disclosed to both BSE and NSE under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.

Meeting Details

The formal disclosure was made on March 23, 2026 by Deemed Resolution Professional Brijendra Kumar Mishra. The meeting represents a continuation of the Corporate Insolvency Resolution Process (CIRP) proceedings currently underway for the company.

Resolution Professional Details

Brijendra Kumar Mishra is serving as the Deemed Resolution Professional for AGS Transact Technologies Limited under CIRP. His credentials include IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257 and AFA Details: AA2/10257/02/311226/204257, which remains valid till December 31, 2026. The process email ID for communication is agscirp@gmail.com .

Stock Exchange Communication

The disclosure was simultaneously sent to both major Indian stock exchanges where the company is listed. The communication included specific scrip identification details for trading purposes and requested the exchanges to take the meeting schedule on record.

Company Information

AGS Transact Technologies Limited operates with its registered office located at 601-602, Trade World, B-Wing, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai-400 013. The company maintains its corporate office at 1401-A & 1402, 14th Floor, Tower-3, One International Center, Senapati Bapat Marg, Prabhadevi (W), Mumbai-400 013.

AGS Transact Technologies Limited has disclosed to stock exchanges the reasons behind the delay in submitting its quarterly financial statements for the quarter and nine months ended December 31, 2025. The company was required to submit these financial statements along with a Limited Review Report within 45 days from the quarter end, making the deadline February 14, 2026, under Regulation 33 of the Listing Regulations.

Corporate Insolvency Resolution Process Impact

The primary factor contributing to the delay is the ongoing Corporate Insolvency Resolution Process (CIRP) against the company. The National Company Law Tribunal, Mumbai Bench, initiated this process through its order dated August 25, 2025, in case C.P. (IB)/505(MB)/2025. This legal proceeding has significantly impacted the company's operational capabilities and financial reporting processes.

Operational Challenges and Personnel Issues

The company has been facing multiple operational challenges that have hindered its ability to prepare timely financial statements:

Auditor Appointment and Current Status

The Committee of Creditors (CoC) has taken steps to address the audit requirements by approving the appointment of M/s. BSR & Affiliates as auditors. This decision was made through e-voting that concluded on December 12, 2025. The newly appointed auditors will conduct the audit of the financial statements for FY 2024-25, with the financial statements as of March 31, 2025, currently under audit.

Management's Response and Next Steps

Due to the combination of personnel shortages and vacancies in critical positions, the company's management has been unable to compile the necessary financial data for the reporting period. As a result of the ongoing insolvency process, personnel shortages, and vacancies in the board and audit committee, the management cannot initiate the audit of the quarterly financial statements.

The company has assured stakeholders that it is working to expedite the process to finalize and complete the preparation of the financial statements at the earliest possible time. The disclosure was signed by Brijendra Kumar Mishra, serving as the Deemed Resolution Professional under the CIRP proceedings, with IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257.