Disclosure of Delay in Financial Statements Submission
AGS Transact Technologies Limited (Scrip Code: BSE 543451, NSE: AGSTRA) has disclosed reasons for the delay in submitting its audited standalone and consolidated financial statements for the quarter and financial year ended March 31, 2026. The disclosure is made pursuant to Regulation 33 of the SEBI Listing Regulations and the SEBI LODR Master Circular requirements.
Reasons for Delay
- The Hon'ble National Company Law Tribunal, Mumbai Bench initiated Corporate Insolvency Resolution Process (CIRP) against the Company vide order dated August 25, 2025 in C.P. (IB)/505(MB)/2025
- The Committee of Creditors (CoC) approved the appointment of M/s. BSR & Affiliates as auditors through e-voting concluded on December 12, 2025 for conducting the audit of FY 2024-25 financial statements
- The financial statements as of March 31, 2025 are currently under audit
- Audit and preparation of financial statements for pending quarters and FY ended March 31, 2026 will commence after completion of FY 2024-25 audit
- Personnel shortages due to vacancies in various departments, including finance department
- Vacancies in the board of directors and the audit committee
- Technical issue making financial data software (SAP) currently inaccessible, preventing retrieval of required information
Current Status and Forward Outlook
The Company is working to expedite the process to finalize and complete preparation of the Financial Statements at the earliest. As of March 31, 2026, the Company remains under insolvency proceedings with creditors having submitted their claims as per the Insolvency and Bankruptcy (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Company Representation
The disclosure is signed by Brijendra Kumar Mishra, Deemed Resolution Professional for AGS Transact Technologies Limited (Under CIRP), with IBBI Registration No: IBBI/IPA-002/IP-N00109/2017-2018/10257, AFA Details: AA2/10257/02/311226/204257 (Valid till December 31, 2026).