Corporate Action18 May 2026, 01:59 pm
AGS Transact: 1.44 Cr Warrants Lapse, ₹28.64 Cr Forfeited
AI Summary
AGS Transact Technologies Ltd announced that 1,44,59,100 convertible warrants lapsed on February 13, 2026, as the warrant holders did not exercise their conversion option within the stipulated 18-month period. These warrants were originally allotted on August 14, 2024, at ₹79.25 per warrant. Consequently, the company has forfeited the upfront amount of ₹28,64,70,918.75, equivalent to 25% of the issue price, as per SEBI ICDR Regulations. Ravi Goyal Family Trust and Anupama Goyal Family Trust had converted 56,50,000 warrants to equity shares during the tenure.
Key Highlights
- 1,44,59,100 convertible warrants lapsed on February 13, 2026.
- AGS Transact forfeits ₹28.64 Cr upfront amount due to warrant lapse.
- Ravi Goyal & Anupama Goyal Trusts converted 56,50,000 warrants earlier.
- Lapsed warrants include those held by promoter and non-promoter groups.
- Forfeiture is in accordance with SEBI ICDR Regulations.
Price Impact
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