BSR&Co.LLP

AGS Transact Technologies Limited

06 January 2022
Page 5 of 6

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The Revised Restated Consolidated Financial Information do not reflect the effects of events that
occurred subsequent to the dates of the reports on the audited consolidated financial statements
mentioned in paragraph 5 above.

The Board of Directors had approved the restated consolidated financial information of the
Group and of an associate for the five-months period ended 31 August 2021 and for each of the
years ended 31 March 2021, 31 March 2020 and 31 March 2019 in their meeting held on
22 November 2021 (referred to as the “Original Restated Consolidated Financial Information”)
on which we had issued our Examination Report dated 22 November 2021. The Company has
revised the aforesaid Original Restated Consolidated Financial Information with updated Note
51 of Annexure VI to the Revised Restated Consolidated Financial Information, being
management’s reassessment of impact of COVID 19. Our examination report dated 22
November 2021 on the Original Restated Consolidated Financial Information is superseded by
this examination report on the Revised Restated Consolidated Financial Information dated 06
January 2022.

This report should not in any way be construed as a reissuance or re-dating of any of the
previous audit reports issued by us, nor should this report be construed as a new opinion on any
of the financial statements referred to herein.

We have no responsibility to update our report for events and circumstances occurring after the
date of the report.

Our report is intended solely for use of the Board of Directors for inclusion in the RHP to be
filed with SEBI, Stock Exchanges and RoC in connection with the proposed IPO. Our report
should not be used, referred to or distributed for any other purpose except with our prior consent
in writing. Accordingly, we do not accept or assume any liability or any duty of care for any
other purpose or to any other person to whom this report is shown or into whose hands it may
come without our prior consent in writing.

For BSR & Co. LLP
Chartered Accountants
ICAI Firm’s Registration No: 101248W/W-100022

Rajesh Mehra

Partner

Membership No.: 103145

ICAI UDIN: 22103 145AAAAAB3265

Place: Mumbai
Date: 06 January 2022
