AGS Transact Technologies
3.94
+0.05(+1.29%)
Market Cap₹50.60 Cr
PE Ratio-0.30
Company Performance:
1D+1.29%
1M-5.06%
6M-21.51%
1Y-92.19%
5Y-97.55%
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More news about AGS Transact Technologies
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.
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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.
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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.
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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.
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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.
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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.
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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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1 Year Returns:-92.19%
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