AGS Transact Technologies Limited, an integrated omni-channel payment solutions provider on Monday announced its unaudited Financial Results for the quarter and nine months ended December 31, 2024. The company reported consolidated revenue from operations of Rs 9,011 million and a loss of RS 1,652 million for 9MFY25, largely on account of provisions due to the delay in realisation of trade receivables and operational challenges. It further said that constructive steps are being taken to address liquidity concerns, enhance operational efficiencies and improve the financial health of the company. Company said that it has initiated discussions with lenders for restructuring of loans. These are in progress and lenders are reviewing the same. Company also said that ongoing negotiations for stake sale in subsidiaries to improve cash flow. \”As the Company continues to assess and navigate through these developments, stakeholders are encouraged to refer to official company communications and public disclosures for accurate and updated information,\” it further said in an exchange filing. It said that lower revenue in the current quarter impacted liquidity and operations and that the company acknowledges stakeholder concerns regarding recent disclosures to the exchanges and their business and operational impact.
