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.

AGS Transact Technologies Limited has received three resolution plans from resolution applicants along with earnest money deposits as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The company disclosed this development to stock exchanges on February 18, 2026, in compliance with regulatory requirements.

Resolution Process Update

The disclosure was made by Deemed Resolution Professional Brijendra Kumar Mishra, who is overseeing the insolvency proceedings for AGS Transact Technologies Limited. The submission of multiple resolution plans indicates active interest from potential investors in acquiring and reviving the company.

Regulatory Compliance

The disclosure was made under Regulation 30 read with Schedule 3 Part A Clause 16 (I) of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. This regulation mandates companies to inform stock exchanges about material events that could impact investor decisions.

Resolution Professional Details

Brijendra Kumar Mishra, serving as the Deemed Resolution Professional, holds IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257. His AFA credentials (AA2/10257/02/311226/204257) remain valid until December 31, 2026, ensuring continuity in the resolution process.

Next Steps

The resolution professional will now evaluate the submitted plans to determine their viability and compliance with regulatory requirements. The presence of earnest money deposits demonstrates the serious intent of resolution applicants and adds credibility to their proposals. The company has requested stock exchanges to take this information on record as part of ongoing transparency measures during the insolvency process.