Shares of AGS Transact Technologies fell 5.05% to ₹15.43 today following the company’s disclosure of defaults in loan repayment and delayed statutory dues. The company and its subsidiary, Securevalue India Limited (SVIL), have defaulted on principal repayment obligations for certain borrowings.
According to a regulatory filing, the company cited delays in collecting dues from customers and invoicing unbilled amounts as reasons for the default. The outstanding principal default amount stands at ₹15.3 crore, with an additional interest overdue of ₹1.74 crore as of March 4, 2025. SVIL has also defaulted on ₹3.83 crore in principal payments, along with ₹0.36 crore in overdue interest.
The company is also facing financial strain due to delays in paying statutory dues, including GST, TDS, Employees’ Provident Fund (EPF), and National Pension Scheme (NPS) contributions. The non-payment has resulted in additional interest liabilities, further impacting AGS Transact’s financial position.
The company assured that corrective measures are being undertaken to resolve the financial distress and clear pending obligations. However, the stock reacted negatively to the news, reflecting investor concerns over its financial stability.
