63 moons technologies has disclosed a significant business update from its subsidiary, Ticker Limited (formerly TickerPlant Limited), announcing the successful deployment of its technology solution for a Financial Intelligence Unit (FIU) approved client. The platform has gone live in India as well as for other clients globally, marking a notable milestone in Ticker's growth as a technology solutions provider for financial market ecosystems.

Technology Deployment Receives Strong Market Response

Ticker Limited informed 63 moons technologies via a letter dated May 06, 2026, that its state-of-the-art technology platform has been well received in the market following its live deployment. The client has communicated excellent user response and expressed strong appreciation for the solution delivered by Ticker.

Key highlights of the deployment are outlined below:

According to Ticker's communication, this deployment represents a major milestone in delivering advanced, high-quality, and compliant technology solutions to financial market ecosystems. The development also underscores Ticker's positioning as a technology company specialising in secure, scalable, and innovative solutions for technology-enabled platforms.

NCLT Hyderabad Extends CIRP Period for Baron Infotech Limited

In a separate but related development, the National Company Law Tribunal (NCLT), Hyderabad Bench, issued an order on May 05, 2026, in the matter of Baron Infotech Limited, a company currently under the Corporate Insolvency Resolution Process (CIRP). Ticker Limited has been involved as a Resolution Applicant in efforts to revive Baron Infotech Limited.

The key details of the NCLT proceedings are as follows:

The Tribunal, keeping in view the facts and circumstances of the case, extended the CIRP period by another 30 days with effect from May 06, 2026, and disposed of the application accordingly. In a second application (IA (IBC)/733/2026), the Resolution Professional was directed to take into account the contentions of the applicant and proceed as per law.

Regulatory Disclosure

The business update was communicated by 63 moons technologies to BSE Limited and the National Stock Exchange of India Limited pursuant to applicable SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was filed on May 07, 2026, and was accompanied by the NCLT Hyderabad Bench order dated May 05, 2026, as an enclosure. The communication was signed by Hariraj Chouhan, Sr. VP & Company Secretary of 63 moons technologies, and by Sunil Laad, Company Secretary of Ticker Limited.

63 moons technologies has disclosed a regulatory communication regarding the restructuring of its non-material subsidiary, Ticker Limited. The announcement, dated May 6, 2026, references a letter from Ticker Limited concerning ongoing proceedings at the National Company Law Tribunal (NCLT), Hyderabad Bench, involving Baron Infotech Limited.

NCLT Order and Resolution Plan

According to the communication, Ticker Limited received an update from Vivek Kumar Ratakonda, a prospective Resolution Applicant. The Hon'ble NCLT, Hyderabad Bench, passed an order on May 5, 2026, directing the Resolution Professional (RP) to take into account the contentions raised by Ratakonda. The tribunal stated that the matter regarding Baron Infotech Limited cannot be finalized until these contentions are considered by the RP and appropriately disposed of by the NCLT.

Ticket Limited emphasized that the Resolution Plan approved by the Committee of Creditors (CoC) is not final until it receives NCLT approval. As of the date of the communication, the plan has not been approved by the tribunal. Separately, the NCLT also extended the Corporate Insolvency Resolution Process (CIRP) period by another 30 days with effect from May 6, 2026, via a related application.

Disclosure Discrepancies

The subsidiary highlighted a discrepancy in disclosures made to the stock exchanges. While the RP of Baron Infotech Limited informed BSE on May 5, 2026, that the Resolution Plan had been filed with the NCLT, they did not disclose the tribunal's order regarding the applicant's contentions. Ticker Limited noted that this omission meant the intimation to the exchange did not provide a complete picture with full transparency.

Key Dates and Proceedings

The following table summarizes the key dates and events mentioned in the correspondence:

Background on Baron Infotech Limited

The insolvency proceedings against Baron Infotech Limited are being conducted under the CIRP. The Resolution Professional, CS Dr Ahalada Rao Vummenthala, had previously announced that the Resolution Plan submitted by Innopark (India) Private Limited was approved by the CoC and subsequently filed with the NCLT. However, the recent NCLT order introduces additional procedural steps that must be addressed before the plan can be finalized. The NCLT bench, comprising Shri Rajeev Bhardwaj (Member, Judicial) and Shri Sanjay Puri (Member, Technical), directed the RP to take into account the contentions of the application and proceed as per law.