AGS Transact Technologies Limited has informed the Exchange about Corporate Insolvency Resolution Process
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AGS Transact Technologies, which is already under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, has informed stock exchanges that its Committee of Creditors (CoC) has approved a 90-day extension of the CIRP period. The decision was taken during the 7th CoC meeting on February 12, 2026 and the adjourned 7th meeting on February 16, 2026, via e-voting. The disclosure was made by the Deemed Resolution Professional, Brijendra Kumar Mishra, under SEBI Listing Regulations. The extension means the deadline for finding a resolution plan has been pushed back further.
This is a negative signal for equity shareholders. Extending the CIRP period delays the resolution process, increases uncertainty, and under IBC norms, equity shareholders are the last in the priority list — meaning existing equity could face significant dilution or even total write-off once a resolution plan is approved.