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AGS Transact Extends Resolution Plan Submission Deadline to February 3, 2026
AGS Transact Technologies, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has extended the deadline for prospective resolution applicants to submit their plans. The new deadline is now February 3, 2026, shifted from the previous undisclosed date following requests from bidders and approval by the Committee of Creditors (CoC). This extension suggests that there is active interest from potential buyers, though the company remains under the control of a Resolution Professional. Shareholders should remain aware that insolvency proceedings typically involve significant risk to equity value.
Key Highlights
Deadline for submission of Resolution Plans extended to February 3, 2026
Extension granted following formal requests from Prospective Resolution Applicants
The Committee of Creditors (CoC) has officially approved the timeline revision
Company remains under Corporate Insolvency Resolution Process (CIRP) as per SEBI regulations
Brijendra Kumar Mishra continues as the Deemed Resolution Professional overseeing the process
💼 Action for Investors
Investors should monitor the February 3 deadline closely for news on the number and quality of bids received. Given the insolvency status, the stock remains highly speculative and equity holders often face significant haircuts in final resolution plans.