AGS Transact Technologies Limited has announced key decisions from its Committee of Creditors meeting, marking significant developments in the company's ongoing Corporate Insolvency Resolution Process (CIRP). The 5th meeting of the Committee of Creditors, held on January 13, 2026, resulted in three major appointments and amendments that will shape the company's immediate operational framework.

Committee of Creditors Meeting Outcomes

The meeting was conducted through an e-voting process, ensuring comprehensive participation from all creditors. The decisions reflect the committee's focus on strengthening legal representation and financial oversight during the insolvency proceedings.

Key Appointments and Their Significance

The appointment of Adv. Kevin Thomas as legal counsel establishes dedicated representation before the Commercial Court, Ernakulam. This appointment ensures the company has specialized legal expertise to navigate the complexities of the insolvency resolution process within the Kerala jurisdiction.

M/s. BSR & Affiliates' appointment as Statutory Auditor brings professional financial oversight to the Corporate Debtor. This appointment is crucial for maintaining transparency and compliance during the CIRP proceedings, ensuring accurate financial reporting and assessment.

Regulatory Compliance and Communication

The disclosure was made under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, demonstrating the company's commitment to regulatory compliance. The communication was addressed to both major stock exchanges where the company is listed.

Resolution Professional Details

Brijendra Kumar Mishra, serving as the Deemed Resolution Professional, communicated these decisions to the stock exchanges. His IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257 validates his authority to oversee the CIRP proceedings. The AFA certification (AA2/10257/02/311226/204257) remains valid till December 31, 2026, ensuring continuity in professional oversight throughout the resolution process.

These developments represent systematic progress in AGS Transact Technologies' insolvency resolution journey, with the Committee of Creditors taking decisive steps to establish proper legal representation, financial oversight, and administrative framework necessary for the ongoing proceedings.

AGS Transact Technologies Limited , a prominent player in the payment solutions and banking automation sector, has entered into a Corporate Insolvency Resolution Process (CIRP) as ordered by the National Company Law Tribunal (NCLT) Mumbai Bench on August 25, 2025.

Key Details of the Insolvency Process

The NCLT issued the order against Company Petition No. (IB) 505(MB)2025, initiating the insolvency proceedings for AGS Transact Technologies Limited. Mr. Brijendra Kumar Mishra has been appointed as the Interim Resolution Professional (IRP) to oversee the process.

Creditors' Claims and Deadlines

Creditors of AGS Transact Technologies Limited are required to submit their claims with supporting evidence to the IRP by September 8, 2025. The company has emphasized that:

• Financial creditors must submit their claims electronically.
• Other creditors may submit claims in person, by post, or through electronic means.

Timeline and Contact Information

Key Dates

• Insolvency Commencement Date: August 25, 2025
• Estimated Closure of Insolvency Resolution Process: February 21, 2026

IRP Contact Details

• Name: Mr. Brijendra Kumar Mishra
• Email: agscirp@gmail.com
• Address: Flat No.202, 2nd floor, Bhoj Bhavan, Plot No.18-D, Shivpuri, Sion-Trombay Road, Chembur (East), Mumbai City, Maharashtra, 400071

Company Background

AGS Transact Technologies Limited, incorporated on December 11, 2002, is registered with the Registrar of Companies, Mumbai. The company's registered office is located at 601-602 Trade World B-Wing, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra, 400013.

Implications and Next Steps

The initiation of the CIRP suggests that AGS Transact Technologies is facing financial difficulties. This process aims to resolve the company's debts and potentially restructure its operations. Stakeholders, including creditors, employees, and customers, should stay informed about the proceedings and adhere to the guidelines set forth by the IRP.

During this period, the company's operations may be affected, and any decisions regarding its assets or financial commitments will be subject to the oversight of the IRP and the NCLT.

The insolvency resolution process is expected to conclude by February 21, 2026, barring any extensions or early resolution. Interested parties should monitor official communications from the IRP and the NCLT for further updates on the company's status and the resolution process.