HISTORY AND CERTAIN CORPORATE MATTERS
Brief History of our Company

Our Company was incorporated in Mumbai, Maharashtra, as AGS Infotech Private Limited on December 11,
2002 under the Companies Act, 1956. Pursuant to a special resolution of the Shareholders at an extraordinary
general meeting held on April 1, 2010, the name of our Company was changed to AGS Transact Technologies
Private Limited to reflect the scope of services offered by our Company, i.e., provision of information
technology services for all types of transactions and activities. A fresh certificate of incorporation was issued by
the RoC on June 3, 2010. Subsequently, pursuant to a special resolution of the Shareholders at an extraordinary
general meeting held on June 22, 2010, our Company became a public limited company and the word “private”
was deleted from its name. A fresh certificate of incorporation was issued by the RoC on July 20, 2010.

Our Company has 916 Shareholders, as on January 20, 2022. For further information, see “Capital Structure”
on page 80.

Changes in Registered Office

Our Registered Office is located at 601-602 Trade World, B Wing, Kamala Mill Compound, Senapati Bapat
Marg, Lower Parel, Mumbai 400 013, Maharashtra, India.

There has been no change in the registered office of our Company since incorporation.

Main Objects of our Company
The main objects of our Company contained in its Memorandum of Association are as follows:

“dL. To carry on in India or abroad the business of Deploying and Performing Outsourced Managed
Services in relation to third party Automated Teller Machines (ATMs), operating White-Label ATMs
owned by our Company, Software Designing, Developing, Marketing, Purchasing, Selling, Importing,
Exporting, Franchising, Research and Development of Graphics, Web Designing, Business Portal
Development, ECommerce, M-Commerce and Businesses related to Coaching, Consultancy, Research
and Development and Training and Opening Training Centres relating to Computer Hardwares and
Softwares in India or Elsewhere and to Manufacture, Market, Purchase, Sell, Import, Export, Franchise
or to act as Stockiest, Distributors, Agents, Traders in Graphic Equipments, Computer Parts,
Components, Inputs and Peripherals, Electrical and Electronic Equipments and Machines in India or
elsewhere.”

The main objects as contained in the Memorandum of Association enable our Company to carry on the business
presently being carried out.

Amendments to the Memorandum of Association in the last 10 years

 

Date of
Shareholders’
Resolution Nature of Amendment
‘August 6, 2012 The main objects clause of the Memorandum of Association was amended to replace the then
existing clause III(A)(1) with the new clause III(A)(1):

 

“To carry on in India or abroad the business of Deploying and Performing
Outsourced Managed Services in relation to third party Automated Teller Machines
(ATMs), operating White-Label ATMs owned by the Company, Software Designing,
Developing, Marketing, Purchasing, Selling, Importing, Exporting, Franchising,
Research and Development of Graphics, Web Designing, Business Portal
Development, ECommerce, M-Commerce and Businesses related to Coaching,
Consultancy, Research and Development and Training and Opening Training
Centres relating to Computer Hardwares and Softwares in India or Elsewhere and to
Manufacture, Market, Purchase, Sell, Import, Export, Franchise or to act as
Stockiest, Distributors, Agents, Traders in Graphic Equipments, Computer Parts,
Components, Inputs and Peripherals, Electrical and Electronic Equipments and
Machines in India or elsewhere.”

May 24, 2013 Re-classification of authorized share capital from existing 350,000,000 divided into 27,000,000

 

 

 

 

 

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