AGS Transact Technologies Limited
Annexure VI: Notes to the Revised Restated Consolidated Financial Information

Note 17 (a)

Non-current financial liabilities - Borrowings

As at 31 Mareh 2021:
(8) Foreign currency term loan from bank carry an interest rate of 6.02% p.a. to 7.51% p.a. The loans are repayable as per the amortisation schedule spread aver from S months to 47 months. Loans are secured by
charge on specific assets comprising of ATMS, specific receivables and other related equipments of assigned contract.

(i) Indian rupee term loan from banks carry an interest rate in the range of 7.95% p.a. to 10.95% paa. The loans are repayable as per the balance amortisation schedule spread aver from 13 months to 58 months.
Loans are secured by charge on specifi assets comprising of ATMs, specific receivables and other related equipments of assigned contract. Further, few of the tem loans from banks availed by one ofthe subsidlary
company are secured by way of second charge on the vehicles funded by respective lenders.

(i) One Indian rupee term loan from banks carry an interest rate of 9.08% p.a. The loans is repayable as per the balance amortisation schedule spread over 35 months. Loans are secured by charge on specific assets
comprising of building, ATMS, specifi receivables and other related equipments of assigned contract.

(li) Indian rupee vehicle loan from banks for purchase of vehicles carries a rate of interest inthe range of 8.25% to 9.80% p.. The loans have repayment year In range of 2 10 58 months. The loans are secured by a
hhypothecation of the vehicles. Further, few of the vehicle loan availed by one of the subsidiary company is secured by way of corporate guarantee given by the parent company.

(xiv) Indian rupee vehicle loan from others for purchase of vehicles cartes arate of interes in the range of 8.00% to 9.15% p.a. The loans have repayment year in range of 23 to 70 months. The loans are secured by a
bhypothecation of the vehicles.

(4) Indian rupee term loan from others carry an interest rate in the range of 9.25% p.a. to 13.00% p.a. The loans are repayable as per the amortisation schedule spread over from 9 months ta 58 months. Loans are
secured by charge on specific assets comprising of ATMS, specific receivables and other related equipments of assigned contract. Further, one of the term loans from others availed by one of the subsidiary company Is,
secured by way of second charge on the vehicles funded by respective lenders and one ofthe term loan from others availed by one of the subsidiary company is secured by hypothecation of plant and machinery and
corporate guarantee glven by the Parent Company

(vi) One Indian rupee term loan from others carry an interest rate of 11.25% p.a. The loans are repayable as per the balance amortisation schedule spread over 13 months. Loans are secured by charge on specific
assets comprising of land and building, ATMS, specific receivables and other related equipments of assigned contrat

(vil) The Group has availed the benelit of moratorium for few loans in accordance with the RBI circular on COVID-19 Regulatory package dated 27 March 2020 and 23 May 2020.

(vill) Loan in the form of External Commercial Borrowings (ECB) from banks outside India carry an interest rate in the range of 1 month USD LIBOR plus 360 bps to 400 bps. The loans are repayable as per the
balance amortization schedule spread over 42 months. Loans are secured by charge on specific assets comprising of ATMs and specific receivables,

(xix) The Company has issued 12% rated, secured, Non Convertible Debentures ("NCD")on a private placement basis during the year 31 March 2021. The Debentures are listed on Natlonal Stock Exchange as at 26
‘March 2021.

Details of the NCDs are as follows:

 

[Period of maturity

 

 

[Name of security Number of|psteatteme [Terms of Repayment amount Ngee rate fram Balance set
date
[Non Convene Dabenres | 5500” | 26-Mar-21 [Coupon Payment~ Moniy S500 [Coupon Rae Tapa yam
Principal repayment - pm. (ined)
Pear: 2686
Pear 4: 20% RR: 1.75% pa
Pear 5: 30%

Year 6: 24% (subject to any
prepayment being done prior to
Year 6 from the Pay-in Date)

 

 

 

 

 

 

 

 

‘Security detail
1 an exclusive charge by way of hypothecation aver the receivables under specified Charged Contracts with Identified customers as defined under Debenture Trust Deed;
2. an exclusive charge by way of hypothecation on 2,047 ATMs under specified ATM Charged Contracts;

3. first ranking charge by way of hypothecation on security deposit and termination amount recaverable under the Charged Contacts

4.a second ranking charge by way of hypothecation on all dhe current asses (other than the current assets exclusively charged to the Existing Lenders) and movable

5. second ranking mortgage over all the identified immovable properties as included in Property, Plant and Equipment;

6.an exclusive charge over the AGS Escrow Account, Debt Service Reserve Account as defined under Debenture Trust Deed; and

7. Personal Guarantee of Mr, Ravi B Goyal.

£8. The security creation and perfection Is in process.

9. The Company is required to maimain security a per clause 12 of the Debenture Trust Deed which is based on current and future trade receivables for the charged contract assets along with specified assets,

‘As at 31 March 2020:
(8x) Foreign currency term Joan from bank carry an interest rate of 9.68% p.a. 0 10,9994 pa. The loans are repayable as per the amortisa
charge on specific assets comprising of ATMS, specific receivables and ather related equipments of assigned contract.

(Cex) Indian rupee term loan from banks carry an interest rte inthe range of 9.08% p.a. to 10.90% p.a. The loans are repayable as per the amortisation schedule spread over from 25 months to 53 months. Loans are
secured by charge on specific assets comprising of ATMSs, specific receivables and other related equipments of assigned contract and vaults.

(xl) One Indian rupee term loan from banks carry an interest rte of 9.08% p.a. The loans is repayable as per the balance amortisation schedule spread over 47 months. Loans are secured by charge on specific assets
comprising of building, ATMS, specific receivables and other related equipments of assigned contract.

(xl) Indian rupee vehicle loan from banks for purchase of vehicles carries arate of interest in the range of 8.71% to 10.26% p.a. The loans have repayment year in range of 5 to 62 months. The loans are secured by
‘a bypothecation of the vehicles. Further, few ofthe vehicle loan availed by one of the subsidiary company Is secured by way of corporate guarantee given by the parent compa.

(sxiv) Indian eupee veicle loan from others for purchase of vehicles cartes arate of interest inthe range of 8.00% to 9.15% p.a. The loans have repayment year in range of 32 10 75 months. The loans are secured by
‘a bypothecation ofthe vehicles.

(xxv) Indian eupee term loan from others carry an interest rate inthe range of 11.25% pa. 10 13,00% p.a. The loans are repayable as per the amortisation schedule spread over from 21 months to 38 months. Loans are
secured by charge on specifi assets comprising of ATMS, specific recelvables and other related equipments of assigned contract.

(&xvi) One Indian rupee term Joan from others carry an interest rate of 11.25% p.a. The loans are repayable as per the balance amortisation schedule spread over 25 months. Loans are secured by charge on specific
assets comprising of land and building, ATTMs, specific receivables and other related equipments of assigned contrac.

(Cexvil) The Group has availed the benefit of moratorium for one ofthe loan in accordance with the RBI circular on COVID-19 Regulatory package dated 27 March 2020,

 

schedule spread over from 17 months to 49 months. Loans are secured by

 

‘As at 31 March 2019:
(Cewill) Foreign currency term Joan from bank carry an interest rate of 12.60% p.a. to 13.73% p.a. The loans are repayable as per the amortisation schedule spread over from 29 months t
secured by charge on specific assets comprising of ATMS, specific recelvables and other related equipments of assigned contract,

(xix) Indian rupee term loan from banks carry an interest rate inthe range of 9.15% p.a. to 11.10% p.a. The loans are repayable as per the amortisation schedule spread over from 4 months to 53 months. Loans are
secured by charge on specific assets comprising of building, ATMs, specific receivables and other related equipments of assigned contract and vaults. Further, one of the term loan availed by one of the subsidiary
company is secured by way of corporate guarantee given by the parent company.

((exx) Indian rupee vehicle loan from banks for purchase of vehicles cartes arate of interes in the range of 8.25% to 10.41% pa. The loans have repayment year in range of 2 to 48 months. The loans are secured by a
hhypothecation of the vehicles. Further, few of the vehicle loan availed by one ofthe subsidiary company is secured by way of corporate guarantee given by the parent company.

(Cova) Indian rupee vehicle loan from others for purchase of vehicles cartes arate of interest inthe range of 8.00% to 9.15% p.a. The loans have repayment year in range of 40 to 83 months. The loans are secured by
‘a bypothecation ofthe vehicles.

(xxl) Indian rupee term loan from others carty an interest rate inthe range of 11.00% pa. to 13.00% p.a. The loans are repayable as per the amortisation schedule spread over from 33 months to 49 months. Loans
are secured by charge on specific assets comprising of building, ATMS, specific receivables and other related equipments of assigned contract.

 

‘months. Loans are

 

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