Latest news about AGS Transact Technologies
AGS Transact Technologies
2.83
+0.13(+4.81%)
Company Performance:
View Company Insights1D+4.81%
1M+9.27%
6M-30.98%
1Y-47.40%
5Y-98.24%
More news about AGS Transact Technologies
08Apr 26
India Ratings Maintains AGS Transact Technologies in Non-Cooperating Category for Bank Facilities Worth INR7611 Million
India Ratings and Research has maintained AGS Transact Technologies Limited's credit rating in the non-cooperating category for bank loan facilities worth INR7611 million as of March 27, 2026. The company, currently under Corporate Insolvency Resolution Process since August 25, 2025, failed to participate in the surveillance exercise despite continuous follow-ups, leading to the 'IND D(ISSUER NOT COOPERATING)' rating maintenance.
31Mar 26
AGS Transact Technologies Committee of Creditors Makes Key Professional Appointments
AGS Transact Technologies Limited announced key decisions from its 8th Committee of Creditors meeting held on 13th March 2026. The committee appointed M/s Mihem Halani and Associates as Practicing Company Secretary and M/s Rutvik S Thakkar and Co. for Section 29A due diligence under the Insolvency and Bankruptcy Code. The decisions were communicated to stock exchanges on 31st March 2026 by Deemed Resolution Professional Brijendra Kumar Mishra as part of regulatory compliance during the ongoing CIRP process.
23Mar 26
AGS Transact Technologies Relocates Registered Office Within Mumbai Under CIRP
AGS Transact Technologies Limited has relocated its registered office within Mumbai's Lower Parel area from 601-602 to 605/606, B Wing, Trade World complex. The move was approved by the Committee of Creditors on January 13, 2026, during the company's ongoing Corporate Insolvency Resolution Process under NCLT supervision. The company has duly informed stock exchanges about this administrative change as per SEBI regulatory requirements.
23Mar 26
AGS Transact Technologies Schedules 10th Committee of Creditors Meeting for March 25, 2026
AGS Transact Technologies Limited has announced its 10th Committee of Creditors meeting scheduled for March 25, 2026 at 12:00 noon through video conferencing. The disclosure was made by Deemed Resolution Professional Brijendra Kumar Mishra under Regulation 30 of SEBI regulations as part of ongoing Corporate Insolvency Resolution Process proceedings.
09Mar 26
AGS Transact Technologies Delays Q3FY26 Results Due to Ongoing CIRP Process
AGS Transact Technologies Limited has informed stock exchanges about the delay in submitting quarterly financial statements for the period ended December 31, 2025, missing the February 14, 2026 deadline. The delay is attributed to the ongoing Corporate Insolvency Resolution Process initiated by NCLT Mumbai, personnel shortages in finance department, and vacancies in board of directors and audit committee.
18Feb 26
AGS Transact Technologies Receives Three Resolution Plans with Earnest Money Deposits
AGS Transact Technologies Limited has received three resolution plans with earnest money deposits from resolution applicants as part of its Corporate Insolvency Resolution Process. The disclosure was made on February 18, 2026, by Deemed Resolution Professional Brijendra Kumar Mishra under SEBI listing regulations. The submission of multiple plans with EMD indicates serious interest from potential investors in the company's revival.
04Feb 26
AGS Transact Technologies Extends Resolution Plan Submission Deadline to February 9, 2026
AGS Transact Technologies Limited has extended the deadline for resolution plan submissions under CIRP to 09.02.2026, following approval from the Committee of Creditors. The extension was announced by Interim Resolution Professional Brijendra Kumar Mishra in compliance with SEBI disclosure regulations, providing additional time for prospective resolution applicants to prepare their proposals.
28Jan 26
AGS Transact Technologies Extends Resolution Plan Submission Deadline to February 3, 2026
AGS Transact Technologies Limited has extended the deadline for resolution plan submissions to 03.02.2026, following approval from the Committee of Creditors. The extension was announced on 27.01.2026 through a regulatory filing under SEBI Regulation 30. Deemed Resolution Professional Brijendra Kumar Mishra communicated this development to both stock exchanges as part of the company's ongoing Corporate Insolvency Resolution Process.
28Jan 26
AGS Transact Technologies Committee of Creditors Approves Key Appointments in 5th Meeting
AGS Transact Technologies Limited's Committee of Creditors made three major decisions during their 5th meeting held on January 13, 2026, conducted through e-voting. The committee appointed Adv. Kevin Thomas as legal counsel to represent the Corporate Debtor before Commercial Court, Ernakulam, and designated M/s. BSR & Affiliates as Statutory Auditor. Additionally, constitutional documents were amended following the registered office shift. The disclosure was made under SEBI Regulation 30 by Deemed Resolution Professional Brijendra Kumar Mishra.
31Oct 25
AGS Transact Technologies Enters Corporate Insolvency Resolution Process
AGS Transact Technologies Limited has entered a Corporate Insolvency Resolution Process (CIRP) as ordered by the NCLT Mumbai Bench. Mr. Brijendra Kumar Mishra has been appointed as the Interim Resolution Professional. Creditors must submit claims by September 8, 2025. The insolvency process commenced on August 25, 2025, with an estimated closure date of February 21, 2026. The company's operations may be affected during this period, and all financial decisions will be overseen by the IRP and NCLT.
29Aug 25
AGS Transact Technologies Enters Insolvency Over Rs 2.4 Crore Unpaid Dues
AGS Transact Technologies Ltd., a payments solution provider, has been admitted into insolvency proceedings by Mumbai's bankruptcy court following a plea by Securitrans India Pvt. for unpaid dues of Rs 2.40 crore. Brijendra Kumar Mishra has been appointed as interim resolution professional. The company faces severe financial challenges, including non-functional ATMs, outstanding debt of Rs 592.00 crore to banks, and defaults on term loans by its subsidiary. Corporate governance issues include failure to publish quarterly results and board vacancies. Nearly 400 employees have formed a group to address unpaid dues, with some claiming unpaid provident fund contributions for a year. Chairman Ravi Goyal has assured that the company is not shutting down.
18Aug 25
AGS Transact Technologies Faces Financial Turmoil Amid Debt Default and Insolvency Proceedings
AGS Transact Technologies is experiencing severe financial difficulties. The company's preferential issue was undersubscribed, raising only Rs 73.42 crore out of the revised target of Rs 159.36 crore. CRISIL downgraded the company's credit rating to 'Default' due to delayed debt servicing. The share price has plummeted to Rs 5.28, far below the warrant conversion price of Rs 79.25. Insolvency proceedings have been initiated against the company. The funds raised are currently frozen and unavailable for use, complicating the company's financial situation.
17Jun 25
AGS Transact Technologies Faces Severe Financial Crisis: Unpaid Salaries and Loan Defaults
AGS Transact Technologies, a key player in ATM and payment solutions, is experiencing severe financial stress leading to operational issues and unpaid employee salaries. The company has non-functional ATMs, loan defaults, and owes over ₹592 crore to banks with ₹17 crore in overdue payments. Financial statements show declining total assets (-8.42%) and equity (-13.72%), with increasing current liabilities (+5.13%). However, operating cash flow has improved by 54.42%. The company is pursuing loan restructuring and considering stake sales in subsidiaries to address its financial challenges.
17Apr 25
AGS Transact Technologies to Divest 90% Stake in Novus Technologies
AGS Transact Technologies has accepted a non-binding term sheet to sell 90% equity stake in its step-down subsidiary, Novus Technologies Pte. Ltd. The deal, targeting completion in the first half of 2025, is subject to due diligence and closing conditions. This strategic move aims to reduce debt and improve cash flow for AGS Transact Technologies, a leading integrated omni-channel payment solutions provider in India.
18Mar 25
RBI to Scrutinize Cash Handling Operations of AGS Transact
AGS Transact Technologies Limited, a leading ATM operator in India, will undergo a review of its cash handling operations by the Reserve Bank of India (RBI). This review signals increased regulatory focus on cash management practices in the financial services sector. The scrutiny may lead to enhanced compliance measures, operational adjustments, and increased focus on security and efficiency in ATM management. The outcome could have industry-wide implications, potentially setting new standards for cash handling in the ATM sector across India.
12Mar 25
AGS Transact Technologies Migrates 50% of ATMs to Minimize Service Disruption
AGS Transact Technologies has migrated approximately 50% of its ATMs to banks and Managed Service Providers networks to minimize service disruptions. The company is committed to gradually resuming operations across its network and will continue to evaluate the need for further ATM migrations. This strategic move aims to maintain operations across its extensive ATM network amidst recent challenges in the sector.
11Mar 25
AGS Transact Technologies Swiftly Migrates ATMs to Minimize Service Disruption
AGS Transact Technologies has successfully migrated approximately 50% of its ATM network to banks and Managed Service Providers (MSPs) networks. This strategic move aims to minimize service disruptions and support ongoing operations. The company is collaborating with banking customers for smooth transitions and is committed to gradually resuming operations across its network. Chairman Ravi B. Goyal emphasized the company's dedication to restoring full operational capacity while adapting to current circumstances.
03Mar 25
AGS Transact Technologies Faces Insolvency Threat Amid Financial Turmoil
AGS Transact Technologies is facing a severe financial crisis with ₹7.26 billion in defaulted obligations. Creditor Maxwel Aircon has initiated potential insolvency proceedings against the company. The stock has plummeted 62.4% since February 4, reflecting investor concerns. Multiple credit rating downgrades have further complicated the company's financial situation.
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