AGSTRA
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AGS Transact Says Sudip Bandyopadhyay Resigns As Non-Executive, Non-Independent Director
May 12 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
SUDIP BANDYOPADHYAY RESIGNS AS NON-EXECUTIVE, NON-INDEPENDENT DIRECTOR
Source text: ID:nnAZN3TEABD
Further company coverage: AGST.NS
(([email protected];;))
May 12 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
SUDIP BANDYOPADHYAY RESIGNS AS NON-EXECUTIVE, NON-INDEPENDENT DIRECTOR
Source text: ID:nnAZN3TEABD
Further company coverage: AGST.NS
(([email protected];;))
India's AGS Transact says CFO, two executive directors resign
April 1 (Reuters) - ATM services provider AGS Transact AGST.NS said on Tuesday that its CFO and two of its executive directors have resigned, weeks after all four of its independent directors stepped down, citing "personal reasons."
The resignations come as the company has been grappling with financial strain, leading to credit downgrades from ratings agencies Crisil and India Ratings.
An operational creditor of the company Maxwel Aircon India has also alleged default in repayments and has sought an initiation of corporate insolvency proceedings against AGS.
Tuesday's resignation of CFO Saurabh Lal and executive director Vinayak Goyal will be effective immediately, the company said. Executive director Stanley Johnson Panacherry's resignation will be effective by the end of the month, it added.
Shares of the company closed about 5% lower on Tuesday. They have lost about 84% of their value since February 4, when Crisil first reported the default.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Anil D'Silva)
(([email protected];))
April 1 (Reuters) - ATM services provider AGS Transact AGST.NS said on Tuesday that its CFO and two of its executive directors have resigned, weeks after all four of its independent directors stepped down, citing "personal reasons."
The resignations come as the company has been grappling with financial strain, leading to credit downgrades from ratings agencies Crisil and India Ratings.
An operational creditor of the company Maxwel Aircon India has also alleged default in repayments and has sought an initiation of corporate insolvency proceedings against AGS.
Tuesday's resignation of CFO Saurabh Lal and executive director Vinayak Goyal will be effective immediately, the company said. Executive director Stanley Johnson Panacherry's resignation will be effective by the end of the month, it added.
Shares of the company closed about 5% lower on Tuesday. They have lost about 84% of their value since February 4, when Crisil first reported the default.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Anil D'Silva)
(([email protected];))
India's AGS Transact Technologies slides on moving half of its ATMs back to banks
** AGS Transact Technologies AGST.NS falls exchange-allowed maximum of 5% to 13.21 rupees, a record low
** Digital and cash-based solutions provider says it has migrated half of its ATMs back to banks and merchant service providers to minimize disruption
** Stock set to fall for 28th consecutive session, of which it has fallen exchange-allowed maximum in last 25 straight sessions
** Earlier this month, AGST and its units defaulted in paying 385.9 mln rupees ($4.4 mln) in dues to creditors
** Co faced insolvency proceedings from Maxwel Aircon India, one of its creditors, over alleged unpaid dues
** AGST loses ~80% in 2025
(Reporting by Vijay Malkar)
(([email protected];))
** AGS Transact Technologies AGST.NS falls exchange-allowed maximum of 5% to 13.21 rupees, a record low
** Digital and cash-based solutions provider says it has migrated half of its ATMs back to banks and merchant service providers to minimize disruption
** Stock set to fall for 28th consecutive session, of which it has fallen exchange-allowed maximum in last 25 straight sessions
** Earlier this month, AGST and its units defaulted in paying 385.9 mln rupees ($4.4 mln) in dues to creditors
** Co faced insolvency proceedings from Maxwel Aircon India, one of its creditors, over alleged unpaid dues
** AGST loses ~80% in 2025
(Reporting by Vijay Malkar)
(([email protected];))
India's AGS Transact moves half of its ATMs back to banks
March 11 (Reuters) - India's AGS Transact Technologies AGST.NS said on Tuesday it had migrated half of its ATMs back to banks and merchant service providers to minimize disruption, as the debt-saddled payments firm is trying to resume operations across its network.
AGS, which gives digital and cash-based services to banks and corporate clients, provided services to 31,093 ATMs in more than 1,800 cities and towns in India, as of September 30.
The company and its units owe a total of 7.19 billion rupees ($82.5 million) to its creditors including State Bank of India SBI.NS and Axis Bank AXBK.NS.
AGS has also faced insolvency proceedings from Maxwel Aircon India, one of its creditors, over alleged unpaid dues.
"The company is committed to gradually resume operations across our network," AGS said.
AGS has been grappling with financial strain, leading to credit rating downgrades from agencies Crisil and India Ratings, and the resignation of all four of its independent directors over "personal reasons."
Shares of AGS have fallen 72% since February 4 when Crisil first reported the default.
($1 = 87.1490 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Maju Samuel)
(([email protected]; 8800437922;))
March 11 (Reuters) - India's AGS Transact Technologies AGST.NS said on Tuesday it had migrated half of its ATMs back to banks and merchant service providers to minimize disruption, as the debt-saddled payments firm is trying to resume operations across its network.
AGS, which gives digital and cash-based services to banks and corporate clients, provided services to 31,093 ATMs in more than 1,800 cities and towns in India, as of September 30.
The company and its units owe a total of 7.19 billion rupees ($82.5 million) to its creditors including State Bank of India SBI.NS and Axis Bank AXBK.NS.
AGS has also faced insolvency proceedings from Maxwel Aircon India, one of its creditors, over alleged unpaid dues.
"The company is committed to gradually resume operations across our network," AGS said.
AGS has been grappling with financial strain, leading to credit rating downgrades from agencies Crisil and India Ratings, and the resignation of all four of its independent directors over "personal reasons."
Shares of AGS have fallen 72% since February 4 when Crisil first reported the default.
($1 = 87.1490 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Maju Samuel)
(([email protected]; 8800437922;))
India's AGS Transact hits record low after default
** Shares of AGS Transact Technologies AGST.NS fall 5% to maximum-allowed limit of 15.4 rupees, marking a new record low
** Stock eyes 26th straight session of falls
** Payment solutions operator and its units defaulted in paying obligations worth 385.9 mln rupees ($4.4 mln) to creditors
** Stock has hit lower circuit everyday since February 4, after CRISIL Ratings downgraded co's rating to CRISIL D from CRISIL A/Stable
** Stock down 75% so far this year, eyes worst year since trading debut in 2022
($1 = 87.1630 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of AGS Transact Technologies AGST.NS fall 5% to maximum-allowed limit of 15.4 rupees, marking a new record low
** Stock eyes 26th straight session of falls
** Payment solutions operator and its units defaulted in paying obligations worth 385.9 mln rupees ($4.4 mln) to creditors
** Stock has hit lower circuit everyday since February 4, after CRISIL Ratings downgraded co's rating to CRISIL D from CRISIL A/Stable
** Stock down 75% so far this year, eyes worst year since trading debut in 2022
($1 = 87.1630 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
REFILE-Indian payments firm AGS Transact Technologies faces insolvency over alleged unpaid dues
Corrects Crisil's and India Ratings' downgrades in second bullet
AGS Transact defaulted on dues totalling 7.26 billion rupees
Crisil lowered AGS' rating on February 4, India Ratings on February 5
Shares slump 62.4% since February 4, hit record low
MUMBAI, March 3 (Reuters) - Indian payments services firm AGS Transact Technologies AGST.NS said on Saturday that a creditor plans to initiate insolvency proceedings against the company for non-payment of dues.
Maxwel Aircon India Private Limited, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal, AGS Transact said in an exchange filing. Maxwel Aircon did not immediately respond to Reuters' request for comment.
"The company is seeking appropriate legal advice and will take all appropriate steps to protect its interest in the aforesaid matter," AGS Transact said.
AGS Transact provides digital and cash-based solutions to banks and corporate clients, including ATM services.
The troubled firm defaulted on its dues in the last few months, leading to at least two credit rating downgrades and an exodus of all four of its independent directors, who cited personal reasons.
The company, along with a unit involved in replenishing ATM machines with cash, had defaulted on dues, including loans, totalling 7.26 billion rupees ($83.1 million), according to exchange filings.
Credit rating agency Crisil flagged the default and lowered the rating for the company's debt on February 4, and India Ratings downgraded its credit rating for the company on February 5, indicating it could potentially default on its debt payments. The company disclosed the default a week after Crisil's downgrade.
The agencies cited a delay in receivables as the company was not able to meet the service-level agreements with its customers, which led to a sharp deterioration in liquidity, causing the company to miss interest payments on term loans in December and January.
AGS Transact's shares were last down 5%, extending their streak of hitting the exchange-allowed maximum limit, which started on February 4. The stock has slumped 62.4% to a record low of 18.97 rupees during the period.
The delay also led AGS Transact to report a loss in the December quarter, with its auditor raising doubts over the company's ability to continue as a going concern.
IndusInd Bank, Investec Bank, Aditya Birla Finance, IDFC First Bank, SBM Bank (India), State Bank of India, Bandhan Bank, HDFC Bank, Dhanlaxmi Bank, SBI Global Factors, Bajaj Finance, and Federal Bank are its lenders. The lenders could not immediately be reached for comments.
($1 = 87.3375 Indian rupees)
(Reporting by Siddhi Nayak and Kashish Tandon; Editing by Varun H K)
(([email protected]; x.com/siddhiVnayak;))
Corrects Crisil's and India Ratings' downgrades in second bullet
AGS Transact defaulted on dues totalling 7.26 billion rupees
Crisil lowered AGS' rating on February 4, India Ratings on February 5
Shares slump 62.4% since February 4, hit record low
MUMBAI, March 3 (Reuters) - Indian payments services firm AGS Transact Technologies AGST.NS said on Saturday that a creditor plans to initiate insolvency proceedings against the company for non-payment of dues.
Maxwel Aircon India Private Limited, an operational creditor of the company, has alleged default in repayments and sought an initiation of corporate insolvency in the National Company Law Tribunal, AGS Transact said in an exchange filing. Maxwel Aircon did not immediately respond to Reuters' request for comment.
"The company is seeking appropriate legal advice and will take all appropriate steps to protect its interest in the aforesaid matter," AGS Transact said.
AGS Transact provides digital and cash-based solutions to banks and corporate clients, including ATM services.
The troubled firm defaulted on its dues in the last few months, leading to at least two credit rating downgrades and an exodus of all four of its independent directors, who cited personal reasons.
The company, along with a unit involved in replenishing ATM machines with cash, had defaulted on dues, including loans, totalling 7.26 billion rupees ($83.1 million), according to exchange filings.
Credit rating agency Crisil flagged the default and lowered the rating for the company's debt on February 4, and India Ratings downgraded its credit rating for the company on February 5, indicating it could potentially default on its debt payments. The company disclosed the default a week after Crisil's downgrade.
The agencies cited a delay in receivables as the company was not able to meet the service-level agreements with its customers, which led to a sharp deterioration in liquidity, causing the company to miss interest payments on term loans in December and January.
AGS Transact's shares were last down 5%, extending their streak of hitting the exchange-allowed maximum limit, which started on February 4. The stock has slumped 62.4% to a record low of 18.97 rupees during the period.
The delay also led AGS Transact to report a loss in the December quarter, with its auditor raising doubts over the company's ability to continue as a going concern.
IndusInd Bank, Investec Bank, Aditya Birla Finance, IDFC First Bank, SBM Bank (India), State Bank of India, Bandhan Bank, HDFC Bank, Dhanlaxmi Bank, SBI Global Factors, Bajaj Finance, and Federal Bank are its lenders. The lenders could not immediately be reached for comments.
($1 = 87.3375 Indian rupees)
(Reporting by Siddhi Nayak and Kashish Tandon; Editing by Varun H K)
(([email protected]; x.com/siddhiVnayak;))
India's AGS Transact falls to record low on solvency concerns
** AGS Transact Technologies AGST.NS falls exchange-allowed max of 5% to a record low of 28.6 rupees
** Stock set for 14th straight session of declines, its longest losing streak since listing in January 2022
** Payment solutions operator among India's largest players in cash management space, with 15% market share
** Lenders expected to classify AGST as non-performing asset, which will open it up to the threat of insolvency, MoneyControl reports
** Co's Q3 consol net loss widens to 1.94 bln rupees ($22.3 mln) vs year-ago loss of 153.8 mln rupees; rev from ops down 44% y/y
** Says co faced liquidity challenges in nine months ended Dec. 31, 2024; adds lower rev impacted liquidity, operations
** AGST drops 56% so far this year
($1 = 86.9425 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** AGS Transact Technologies AGST.NS falls exchange-allowed max of 5% to a record low of 28.6 rupees
** Stock set for 14th straight session of declines, its longest losing streak since listing in January 2022
** Payment solutions operator among India's largest players in cash management space, with 15% market share
** Lenders expected to classify AGST as non-performing asset, which will open it up to the threat of insolvency, MoneyControl reports
** Co's Q3 consol net loss widens to 1.94 bln rupees ($22.3 mln) vs year-ago loss of 153.8 mln rupees; rev from ops down 44% y/y
** Says co faced liquidity challenges in nine months ended Dec. 31, 2024; adds lower rev impacted liquidity, operations
** AGST drops 56% so far this year
($1 = 86.9425 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
AGS Transact Technologies To Evaluate 20% Stake Sale In Securevalue India
Dec 16 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES LTD - TO EVALUATE 20% STAKE SALE IN SECUREVALUE INDIA
AGS TRANSACT TECHNOLOGIES - TO EVALUATE 26% STAKE SALE IN INDIA TRANSACT SERVICES
Source text: ID:nBSE1JwjVl
Further company coverage: AGST.NS
(([email protected];))
Dec 16 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES LTD - TO EVALUATE 20% STAKE SALE IN SECUREVALUE INDIA
AGS TRANSACT TECHNOLOGIES - TO EVALUATE 26% STAKE SALE IN INDIA TRANSACT SERVICES
Source text: ID:nBSE1JwjVl
Further company coverage: AGST.NS
(([email protected];))
India's AGS Transact rises as co launches pilot of digital payments solution in Mumbai
** Shares of AGS Transact Technologies AGST.NS rise 2.3% to 81.05 rupees
** The payment solutions provider will start pilot of instant national common mobility card solution 'Ongo Ride' in Mumbai
** Ongo is a digital payments platform, which can be used on Mumbai's national common mobility card enabled buses and metro rail network
** Trading vols at 548,751, about 1.2x 30-day average
** AGST stock down ~12%, YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of AGS Transact Technologies AGST.NS rise 2.3% to 81.05 rupees
** The payment solutions provider will start pilot of instant national common mobility card solution 'Ongo Ride' in Mumbai
** Ongo is a digital payments platform, which can be used on Mumbai's national common mobility card enabled buses and metro rail network
** Trading vols at 548,751, about 1.2x 30-day average
** AGST stock down ~12%, YTD
(Reporting by Vijay Malkar)
(([email protected];))
AGS Transact Technologies Says Will Commence Pilot Of 'Ongo Ride' In Mumbai
Dec 2 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - WILL COMMENCE PILOT OF 'ONGO RIDE' IN MUMBAI
Further company coverage: AGST.NS
(([email protected];))
Dec 2 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - WILL COMMENCE PILOT OF 'ONGO RIDE' IN MUMBAI
Further company coverage: AGST.NS
(([email protected];))
AGS Transact Secures Approval To Extend NCMC Across All Chennai Metro Stations
Nov 22 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT - SECURES APPROVAL TO EXTEND NCMC ACROSS ALL CHENNAI METRO STATIONS
Further company coverage: AGST.NS
(([email protected];))
Nov 22 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT - SECURES APPROVAL TO EXTEND NCMC ACROSS ALL CHENNAI METRO STATIONS
Further company coverage: AGST.NS
(([email protected];))
AGS Transact Technologies Sept-Quarter Consol Net Profit 151.7 Mln Rupees
Oct 31 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
SEPT-QUARTER CONSOL NET PROFIT 151.7 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.52 BILLION RUPEES
Source text: ID:nNSE9fcY1K
Further company coverage: AGST.NS
(([email protected];;))
Oct 31 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
SEPT-QUARTER CONSOL NET PROFIT 151.7 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.52 BILLION RUPEES
Source text: ID:nNSE9fcY1K
Further company coverage: AGST.NS
(([email protected];;))
AGS Transact Technologies Enables UPIQR-Based Cash Withdrawals On ATMS Of Public Sector Bank
Oct 23 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - ENABLES UPIQR-BASED CASH WITHDRAWALS ON ATMS OF A PUBLIC SECTOR BANK
Further company coverage: AGST.NS
(([email protected];))
Oct 23 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - ENABLES UPIQR-BASED CASH WITHDRAWALS ON ATMS OF A PUBLIC SECTOR BANK
Further company coverage: AGST.NS
(([email protected];))
Ags Transact Technologies Gets Extension Of Contract From Indian Bank
Oct 10 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
EXTENSION OF CONTRACT FROM INDIAN BANK
CONTRACT WITH PROJECTED REVENUE OF 500 MILLION RUPEES OVER 3 YEARS
Source text for Eikon: [ID:]
Further company coverage: AGST.NS
(([email protected];))
Oct 10 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
EXTENSION OF CONTRACT FROM INDIAN BANK
CONTRACT WITH PROJECTED REVENUE OF 500 MILLION RUPEES OVER 3 YEARS
Source text for Eikon: [ID:]
Further company coverage: AGST.NS
(([email protected];))
Ags Transact Technologies Renews Commercial With Leading Private Sector Bank In India
July 9 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
RENEWAL OF COMMERCIAL WITH LEADING PRIVATE SECTOR BANK IN INDIA
COMMERCIALS PROJECTED TO GENERATE ABOUT 300 MILLION RUPEES IN ANNUAL REVENUE
Further company coverage: AGST.NS
(([email protected];))
July 9 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
RENEWAL OF COMMERCIAL WITH LEADING PRIVATE SECTOR BANK IN INDIA
COMMERCIALS PROJECTED TO GENERATE ABOUT 300 MILLION RUPEES IN ANNUAL REVENUE
Further company coverage: AGST.NS
(([email protected];))
AGS Transact Technologies Approves Issuance Of Convertible Warrants
June 17 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - APPROVED ISSUANCE OF UPTO 2,52,36,500 CONVERTIBLE WARRANTS
Source text for Eikon: ID:nBSE3FBkgt
Further company coverage: AGST.NS
(([email protected];))
June 17 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - APPROVED ISSUANCE OF UPTO 2,52,36,500 CONVERTIBLE WARRANTS
Source text for Eikon: ID:nBSE3FBkgt
Further company coverage: AGST.NS
(([email protected];))
Ags Transact Technologies Commences Deployment Of 1,350 Atms, Order Won From SBI In Fy24
June 12 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - COMMENCED DEPLOYMENT OF 1,350 ATMS, ORDER WON FROM STATE BANK OF INDIA IN FY24
AGS TRANSACT TECHNOLOGIES - CO IS EXPECTED TO COMPLETE DEPLOYMENT BY H1FY25
AGS TRANSACT TECHNOLOGIES LTD - COMPANY IS EXPECTED TO COMPLETE DEPLOYMENT BY H1FY25
Source text for Eikon: ID:nBSE51ZSyS
Further company coverage: AGST.NS
(([email protected];))
June 12 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
AGS TRANSACT TECHNOLOGIES - COMMENCED DEPLOYMENT OF 1,350 ATMS, ORDER WON FROM STATE BANK OF INDIA IN FY24
AGS TRANSACT TECHNOLOGIES - CO IS EXPECTED TO COMPLETE DEPLOYMENT BY H1FY25
AGS TRANSACT TECHNOLOGIES LTD - COMPANY IS EXPECTED TO COMPLETE DEPLOYMENT BY H1FY25
Source text for Eikon: ID:nBSE51ZSyS
Further company coverage: AGST.NS
(([email protected];))
Ags Transact Technologies Re-Appoints Ravi B. Goyal As MD
May 29 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
RE-APPOINTS RAVI B. GOYAL AS MD
APPROVED VARIOUS MODES AND OPTIONS FOR FUND RAISING UPTO 2 BILLION RUPEES
Source text for Eikon: ID:nBSEbmTqd0
Further company coverage: AGST.NS
(([email protected];))
May 29 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
RE-APPOINTS RAVI B. GOYAL AS MD
APPROVED VARIOUS MODES AND OPTIONS FOR FUND RAISING UPTO 2 BILLION RUPEES
Source text for Eikon: ID:nBSEbmTqd0
Further company coverage: AGST.NS
(([email protected];))
India's AGS Transact to commence fuel payment solution pilot testing, shares rise
** Shares of payment solutions provider AGS Transact Technologies AGST.NS rise as much as 5.9% to 118 rupees, highest price since May 4, 2022
** AGST says it will begin pilot testing of a contactless fuel payment solution on its Ongo app at select fuel retail outlets in Mumbai
** Share price above 50-day, 100-day and 200-day simple moving averages since Nov. 10, when co won order for 1,350+ ATMs from State Bank of India SBI.NS
** Stock on track for a sixth consecutive session of gain, if trend holds
** Trading vol 1.4x the 30-day daily avg
** Stock rose 51.6% in Dec qtr, its best quarterly performance since Jan 2022 listing
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of payment solutions provider AGS Transact Technologies AGST.NS rise as much as 5.9% to 118 rupees, highest price since May 4, 2022
** AGST says it will begin pilot testing of a contactless fuel payment solution on its Ongo app at select fuel retail outlets in Mumbai
** Share price above 50-day, 100-day and 200-day simple moving averages since Nov. 10, when co won order for 1,350+ ATMs from State Bank of India SBI.NS
** Stock on track for a sixth consecutive session of gain, if trend holds
** Trading vol 1.4x the 30-day daily avg
** Stock rose 51.6% in Dec qtr, its best quarterly performance since Jan 2022 listing
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Ags Transact Technologies Completes Deployment Of About 270 Dedicated Cash Vans Of Order Value About 2.5 Billion Rupees By Unit
Dec 4 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
COMPLETION OF DEPLOYMENT OF ABOUT 270 DEDICATED CASH VANS OF ORDER VALUE ABOUT 2.5 BILLION RUPEES BY UNIT
COMPLETED DEPLOYMENT OF CASH VANS FOR UNION BANK OF INDIA AND CANARA BANK
Source text for Eikon: ID:nBSE8F77t
Further company coverage: AGST.NS
(([email protected];))
Dec 4 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
COMPLETION OF DEPLOYMENT OF ABOUT 270 DEDICATED CASH VANS OF ORDER VALUE ABOUT 2.5 BILLION RUPEES BY UNIT
COMPLETED DEPLOYMENT OF CASH VANS FOR UNION BANK OF INDIA AND CANARA BANK
Source text for Eikon: ID:nBSE8F77t
Further company coverage: AGST.NS
(([email protected];))
India's AGS Transact hits one-year-high on $132 mln order win from SBI
** Shares of AGS Transact Technologies AGST.NS rise as much as 10.6% to 86.65 rupees, highest since Oct. 27, 2022
** Co won 11 bln rupees ($132.1 mln) order from State Bank of India SBI.NS to deploy over 2,500 ATMs over seven years
** Stock on track to rise for fifth straight session, if trend holds
** Nearly 5.8 mln shares change hands as of 11:28 a.m. IST, 6.4X the 30-day moving average
** Stock last up 9.4%, taking YTD gain to ~35%
($1 = 83.2675 Indian rupees)
(Reporting by Varun Vyas)
** Shares of AGS Transact Technologies AGST.NS rise as much as 10.6% to 86.65 rupees, highest since Oct. 27, 2022
** Co won 11 bln rupees ($132.1 mln) order from State Bank of India SBI.NS to deploy over 2,500 ATMs over seven years
** Stock on track to rise for fifth straight session, if trend holds
** Nearly 5.8 mln shares change hands as of 11:28 a.m. IST, 6.4X the 30-day moving average
** Stock last up 9.4%, taking YTD gain to ~35%
($1 = 83.2675 Indian rupees)
(Reporting by Varun Vyas)
India's AGS Transact Technologies Posts Sept-Quarter Consol Net Loss
Nov 3 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
SEPT-QUARTER CONSOL NET LOSS 609 MILLION RUPEES VERSUS PROFIT 206.7 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.77 BILLION RUPEES VERSUS 4.14 BILLION RUPEES
Source text for Eikon: ID:nNSEbCVnNP
Further company coverage: AGST.NS
(([email protected];))
Nov 3 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
SEPT-QUARTER CONSOL NET LOSS 609 MILLION RUPEES VERSUS PROFIT 206.7 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.77 BILLION RUPEES VERSUS 4.14 BILLION RUPEES
Source text for Eikon: ID:nNSEbCVnNP
Further company coverage: AGST.NS
(([email protected];))
Ags Transact Technologies Approves Providing Of Corporate Guarantee In Favour Of Tata Capital Financial Services
July 31 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
APPROVED PROVIDING OF CORPORATE GUARANTEE IN FAVOUR OF TATA CAPITAL FINANCIAL SERVICES
CORPORATE GUARANTEE FOR SECURING WORKING CAPITAL TERM LOAN FACILITY OF UPTO 200 MILLION RUPEES AVAILED BY CO'S UNIT
Source text for Eikon: ID:nBSE8JW9rK
Further company coverage: AGST.NS
(([email protected];))
July 31 (Reuters) - AGS Transact Technologies Ltd AGST.NS:
APPROVED PROVIDING OF CORPORATE GUARANTEE IN FAVOUR OF TATA CAPITAL FINANCIAL SERVICES
CORPORATE GUARANTEE FOR SECURING WORKING CAPITAL TERM LOAN FACILITY OF UPTO 200 MILLION RUPEES AVAILED BY CO'S UNIT
Source text for Eikon: ID:nBSE8JW9rK
Further company coverage: AGST.NS
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What does AGS Transact Tech do?
AGS Transact Technologies Limited provides Payment Solutions with ATM outsourcing, digital payment services, Banking Automation Solutions including ATMs and CRMs, and Automation Solutions for retail, petroleum, and colour sectors.
Who are the competitors of AGS Transact Tech?
AGS Transact Tech major competitors are Globesecure Technlgy, Cambridge Tech Enter, Tracxn Technologies, Quick Heal Tech, Zaggle Prepaid Ocean, RateGain Travel, Pace E-Comm Vent.. Market Cap of AGS Transact Tech is ₹43 Crs. While the median market cap of its peers are ₹343 Crs.
Is AGS Transact Tech financially stable compared to its competitors?
AGS Transact Tech seems to be less financially stable compared to its competitors. Altman Z score of AGS Transact Tech is 0.95 and is ranked 8 out of its 8 competitors.
Does AGS Transact Tech pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. AGS Transact Tech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has AGS Transact Tech allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is AGS Transact Tech balance sheet?
AGS Transact Tech balance sheet is weak and might have solvency issues
Is the profitablity of AGS Transact Tech improving?
No, profit is decreasing. The profit of AGS Transact Tech is -₹169.69 Crs for TTM, -₹80.09 Crs for Mar 2024 and ₹36.96 Crs for Mar 2023.
Is the debt of AGS Transact Tech increasing or decreasing?
Yes, The net debt of AGS Transact Tech is increasing. Latest net debt of AGS Transact Tech is ₹698 Crs as of Sep-24. This is greater than Mar-24 when it was ₹590 Crs.
Is AGS Transact Tech stock expensive?
AGS Transact Tech is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of AGS Transact Tech is 0, while 3 year average PE is 25.85. Also latest EV/EBITDA of AGS Transact Tech is 13.03 while 3yr average is 7.26.
Has the share price of AGS Transact Tech grown faster than its competition?
AGS Transact Tech has given lower returns compared to its competitors. AGS Transact Tech has grown at ~-80.64% over the last 2yrs while peers have grown at a median rate of -35.33%
Is the promoter bullish about AGS Transact Tech?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in AGS Transact Tech is 26.48% and last quarter promoter holding is 52.24%
Are mutual funds buying/selling AGS Transact Tech?
The mutual fund holding of AGS Transact Tech is stable. The current mutual fund holding in AGS Transact Tech is 3.57% while previous quarter holding is 3.57%.