AGS Transact Technologies has informed that the Board of Directors of the Company vide circular resolution passed today Tuesday, December 31, 2024 have approved the following: Allotment of 6,00,000 fully paid-up Equity Shares having face value of Rs. 10/- each of the Company, to the Promoter Group Allottee as per the details given in ‘Annexure A’, upon Conversion of Warrants into Equity Shares at a price of Rs 79.25/- per Equity Share (including a premium of Rs. 69.25/-), pursuant to the Special Resolution passed on July 18, 2024 by the members of the Company through Postal Ballot, in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, based on their request and upon receipt of in aggregate of Rs 3,56,62,500/- from the Warrants Holder towards the balance 75% of the Issue Price. Subsequent to the above allotment, the issued and paid-up capital of the Company stands increased to Rs. 128,03,30,760/- consisting of 12,80,33,076 equity shares of Rs. 10/- each. The requisite details as required in terms of SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are provided at ‘Annexure A’.
The above information is a part of company’s filings submitted to BSE.
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