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

Note 50
“There are no significant subsequent evens that would requ adjustment or dlclosures inthe Revised Restated consolidated financial Information.

NoteS1
Five months period ended 31 August 2021:

|n March 2020, the Work! Health Organsston declared COVID-19 to bea pandemic and several restrictions wete imposed by Governments across the globe on travel, goods movement and transportation considering public health and safety measures
‘The management believes that COVID-19 will impact the Companys business in the short-term, but it doesnot atciate material risk to its business prospects over the medium to long term asthe lockdown resctons are gradually removed by the
government The Group has incurred Ios afer tax forthe five months period ended 31 August 2021 of Rs. 11.05 milion. The Group has noted reduction in ransaction revue related to ATM ousourcing business as compared to previous periods due to
the second wave of pandemic lockdown, an further witnessed delays in is wade receivables collection and higher interest outgo on borowings, thereby leading toa delay ins remitance non-payment of abilities including goods and sevice tax (GST)
‘des and consequential inactivation in erin states. Management reassessed its busines forecasts and cash forecasts and donot expect 2 material impact inthe long tem based onthe increas in wansactin levels curenly amicipated and new services|
‘omracted with customers a those inthe pipeline. The Greup expects it wil genecatesufcien casilows from operating activites including trough higher collections and avaliment ofan ational line of credit. The Group has accordingly assesed that
ie willbe able meet ts abies, incading its statutory dues as and when they fll de for repayment in the foreseeable fur, The Group also expect o nance is acquisition of fixed astts though debt financing as hs been the casein pas yeas
“Management expects to make profits and have concluded thatthe Group has sufficient resources to continue asa going concer. The Group has considered internal and externa information whl assessing recoverability ofits asses disclosed in these
revised restated consolidated financial information up to the date of approval by the Boar of Directors. The impact ofthe glabal health pandemic may be diferent rom that estimated as atthe date of approval of these revised restated consolidated nancial
information andthe Group wil comiue to closely monitor any material changes o fue economic conditions.

Year ended 31 March 2021:

| March 2020, the World Health Organisation declared COVID-19 tobe a pandemic and several restrictions have been imposed by the Governments actos the globe onthe travel, goods movernet and wansportation considering public health and safety
measures. Considering the Group's actives are clasitied as an ‘essential services’, management believes thatthe impact ofthe pandemic may not be significant. As of toda, services remain operational, following enhanced internal safety guidelines. The
‘Group hs considered internal and external information while assessing recoverability of is assets isloed inthe financial statement upto the date of approval ofthese financial statements bythe Board of Directors. Management has aso considered the
impact of COVID-19 on the busines forthe foreseeable future and have concluded tha the Group has sufficient resources to continue asa going eancem. The impact of the global health pandemic may be diferent from that estimated as tthe date of
approval ofthese consolidated financial statements and the Group will continue a closely monitor any material changes to fuure economic condins.

Year ended 31 March 2020:

| March 2020, the World Healih Organisation declared COVID-19 to be a pandemic and several restrictions have been imposed bythe Governments across the globe onthe wave ods movement and wanspertation considering public heaih and safecy
measures. Considering the Group's activites are clasified as an ‘essential services, management believes thatthe impact ofthe pandemic may not be significant. As of toda, services remain operational, following enhanced internal safety guidelines. The
Group has considered internal and extermal information while assessing recoverability of is assets dlsclosed in the facial statement upto the date of approval ofthese Rnancial statements by the Board of Directors. Based on such assessment and
sidering the current economic indicators, the Group expect to recover the carying amount ofthese ase, The current ables ofthe Group ae in exces ofthe current asses by Rs. 1,329.8 milion, on account ofthe curent potion of Lease Liability
recognized under Ind AS 116 aggregating Rs 1,519.41 milan. Manggement has also considered the impact of COVID-19 a the business forthe foreseeable future ad have concluded ta the Group has sufficient resources o continue 3 2 gong concern
“The impact of the global healt pandemic may be diferen from that estimated s atthe date of approval ofthese consolidated nancial statements and the Group will continue to closely monitor any material changes to future economic conditions.

Note 52

‘0m April 2021, the Company subscribed to 650,000,000 Compulsory Convertible Prefeence Shares (CCP) of Rs.10- each issued by Vineha Enterprises Private Limited aggregating to Rs, 6500 milion which the Company expects to realise subject to
‘he successful completion ofthe inal public offer wherein the seling shareholder has agreed 1 ullise hs respective portion ofthe offer proceeds to purchase the CCPS from the Company.

Note 53
Previous year gure have been regrayped reclassified wherever necessary o conform with amendments in Schedule Il w the Companies Act, 2013, sued by MCA vide notification dted 24 March 2021

Note 54
Other matters

Information with regards to other mates specified in Schedule Ito the Acti ether NI orn applicable tothe Group,

[As per our examination report of even date attached

For BSR & Co.LLP For and on bal of the Board of Decors of
(Chartered Accountants [AGS Transact Technologies Limited
Finns Registration No: 101248W/W-100022, ‘CIN: U72200MH2O02PLEA38213
Rajesh Mehra Ravi Goyal Stanley Jobson
Partner ‘Managing Director Executive Director
Membership No. 103145, DIN: 01374288, DIN: o@813900
‘Saurabh Lal ‘Sneha Kadam
(Chief Financial Oficer Company Secretary
‘Membership Nos 504553 Membership No. 31215,
Place: Mumba Place: Mumba
Date: 6 January 2022 Date: 6 January 2022

300
