63 Moons Technologies has officially adopted its audited financial statements for FY26 and passed all resolutions at its 38th Annual General Meeting held on September 23, 2026. The company confirmed that all items of business were approved with the requisite majority through remote e-voting and live voting.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, was chaired by Venkat Chary. Company Secretary Hariraj Chouhan submitted the voting results and the Scrutinizer’s Report to stock exchanges pursuant to SEBI Listing Regulations. The proceedings focused on the adoption of standalone and consolidated financials, dividend declaration subject to judicial orders, and the reappointment of two directors retiring by rotation.

Voting Results and Scrutiny

B. Narasimhan, Proprietor of BN & Associates, served as the Scrutinizer. He verified the remote e-voting process facilitated by KFin Technologies Limited and the live voting during the meeting. The results indicate strong support for management proposals, with significant variance in institutional voting patterns on specific resolutions.

Key Resolutions Adopted

Members approved the adoption of standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. A dividend on equity shares for FY26 was declared, though the company reiterated that payment remains subject to appropriate judicial orders, highlighting ongoing legal dependencies regarding shareholder payouts.

Two Non-Executive, Non-Independent Directors retired by rotation and were reappointed:

• Maheswar Sahu (DIN: 00034051)
• Devender Singh Rawat (DIN: 02587354)

Institutional Dissent Observed

While the overall vote count showed overwhelming support, a closer look at the category-wise breakdown reveals notable dissent from Public-Institutions regarding the adoption of financial statements. Institutions holding 8,48,820 shares polled 2,83,836 votes, with 1,39,496 votes cast against the resolution (49.14% against). This contrasts sharply with the promoter group and public non-institutional shareholders, who voted nearly unanimously in favour.

Management Interaction and Conclusion

Rajendran Soundaram, Managing Director and CEO, addressed shareholder queries regarding accounts and operational matters. Venkat Chary provided context on working conditions and future prospects. The meeting concluded at 1:00 pm with a vote of thanks, and all statutory registers were made available for inspection during the virtual session.

63 Moons Technologies reported that its wholly owned overseas subsidiary (WOS), Financial Technologies Singapore Pte Ltd (FTSPL), acquired a ₹70 crore stake in its Indian subsidiary, Ticker Ltd. The transaction involved the allotment of 2,59,25,926 equity shares on a preferential basis, completed on September 4, 2026.

Transaction details

The share issuance was carried out at the subsidiary level, with FTSPL emerging as the recipient of the newly issued shares. The transaction consolidates FTSPL's position in Ticker, which operates in the information technology-enabled ecosystem and services sector.

Post-allotment, FTSPL’s shareholding in Ticker increased by 1.45%, bringing its total stake to 65.80%. The company stated that there is no change in control through this transaction. The acquisition constitutes a material related party transaction, executed at arm’s length and approved by shareholders via postal ballot on August 21, 2026.

Subsidiary financials

Ticker Ltd, incorporated in February 2005, has seen a significant decline in turnover over the past three years. As of March 31, 2026, the subsidiary reported a net worth of ₹2,010.19 crore but posted a net loss of ₹35.82 crore for FY26 against a turnover of just ₹27 lakh.

The stated objective of the acquisition is the deployment of surplus treasury funds available with FTSPL. No governmental or regulatory approvals were required beyond standard reporting obligations under SEBI LODR regulations.