Pursuant to this, AGTech has agreed to waive the outstanding loan of approximately ₹142 crore, including accrued interest.
The company disclosed that FGTPL had discontinued its real money gaming business following regulatory changes.
It further stated that the investment and shareholder loan had already been fully impaired, and therefore the loan waiver is not expected to have any adverse financial impact on the company.
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has indicated that the relevant details have been provided as per the SEBI Master Circular.
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One 97 Communications Ltd had reported a sharp operational turnaround in the December quarter, driven by strong growth in payments and financial services, improved margins, and positive EBITDA.
Revenue rose 20% year-on-year to ₹2,194 crore in Q3 FY26, compared with ₹1,828 crore a year earlier. Like-for-like revenue growth was around 25%, with reported growth impacted by the timing of the festive season, lower loan disbursements under default loss guarantee arrangements, and a more conservative revenue recognition policy.
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Shares of One 97 Communications Ltd closed at ₹1,009.80 on March 27, down ₹56.10 or 5.26% for the day, reflecting a decline in the stock during the session.
