AGS Transact Technologies Limited has informed the Exchange about Forfeiture
AGSTRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AGS Transact Technologies has announced that 1,44,59,100 convertible warrants have lapsed as warrant holders failed to convert them into equity shares by the February 13, 2026 deadline. These warrants were originally allotted in August 2024 at Rs. 79.25 per warrant. Only Ravi Goyal Family Trust and Anupama Goyal Family Trust partially converted 56,50,000 warrants into equity shares during the 18-month tenure. The company has forfeited the 25% upfront amount received for the lapsed warrants, totaling Rs. 28,64,70,918.75. Notably, the company is currently under Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated August 25, 2025.
The forfeiture of Rs. 28.65 crore in upfront warrant amounts provides some cash inflow to the company, though the company remains under insolvency proceedings. No equity dilution occurred as the warrants lapsed unexercised.