May 20, 2022 04:01 PM
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The Company was incorporated on 11 December 2002 as AGS Infotech Private Limited.The name of the Company was subsequently changed to AGS Transact Technologies Private Limited on 03 June 2010.The Company was then converted into a public limited company and consequently, its name was changed to AGS Transact Technologies Limited on 20 July 2010. AGS Transact Technologies Ltd is one of the leading system integrators in the business of touch point transformation; a business that transforms the way a customer interacts with the service provider enabling efficient delivery of their products and service. The Company provides a spectrum of services around these products to the banking, retail, petroleum and colour segments. The business of the company entails sourcing high-end technology products-both hardware and software, and customizing, integrating, installing and maintaining them. The company source such products through tie-ups with global players like Wincor Nixdorf AG (Germany), Postec Data Systems (New Zealand), Fast & Fluid Management (USA) and CST (Germany). The company`s banking segment has been providing ATMs and services associated with installing and managing ATMs. Their banking segment services portfolio includes installation, maintenance, site build, site identification, cash replenishment, monitoring, vendor management, facility management, software support and a help desk. The company`s retail segment product offerings include retail Point of Sale billing (POS) terminals, store automation peripherals, store automation solutions, mall intelligence software, digital signage, thin client, networking products and kiosks for various retail applications. They provide managed services that include installation, maintenance and management of IT equipment in a retail store. They also perform vendor management services. The company`s petroleum segment product offerings include Postec`s retail outlet automation system comprising of a forecourt controller, automatic tank gauging systems, fuel dispenser interface, POS terminal, back office system, wet-stock management system, online density monitoring system, outdoor payment terminals, and automatic vehicle identification. Their service offering includes implementation services, system integration, remote management, and support and help desk services. The company offers total colour solutions to various industries like paints, automobiles, textiles and plastics in India by offering Fast and Fluid Management (paint dispensers manufacturing) and CST (rotary screen engraves for textiles) products. They also manufacture FFM paint dispensers and CST inkjet engravers at our manufacturing facility in Daman. The company`s manufacturing facility for paint dispensing machines and inkjet engravers is at Daman. They have an ATM warehousing and staging facility at Pondicherry. At Mhape, they have developed a common platform for a helpdesk, repair center, monitoring support, hardware support, software support, central spares center, and staging. They have warehouse facilities at Kalamboli and Bhiwandi. They also have a pan-India network for providing after sales service and AMCs to their clients across their segments. The company`s customers include SBI, Axis Bank, Dena Bank, Dhanlaxmi Bank, HDFC Bank, Union Bank, ICICI Bank, Future Group, Carrefour, Asian Paints, Berger Paints, L&T, HPCL, amongst others. On 23 June 2010,the company has allotted 13750000 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 11:4. On 12 February 2015,the company has allotted 90294432 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 3:1. As of 31 August 2021, we had installed, maintained or managed a network of approximately 72,000 ATMs and CRMs, provided cash management services to 46,214 ATMs through SVIL, installed 221,066 merchant POS and approximately 46,800 cash billing terminals, automated approximately 17,924 petroleum outlets and installed approximately 88,521 colour dispensing machines. During the month of January 2022,the company came out with an Rs 680-crore public issue which was entirely an offer for sale(OFS) by the promoter Ravi B Goyal,but indirectly the company will get those funds to reduce the debt burden as per the agreement between AGS and Goyal.The IPO shares were issued at the price of Rs 175 per share including a premium of Rs 165 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 31 January 2022.
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|Face Value Equity Shares||:||10|
|Market Lot Equity Shares||:||1|
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