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.

63 moons technologies has received an investor update from its subsidiary 63SATS Cybertech Limited, showcasing remarkable growth achievements in FY26. The cybersecurity company has demonstrated exceptional performance across multiple business segments, positioning itself as a comprehensive AI-powered cybersecurity platform.

Exceptional Financial Performance

63SATS delivered transformational growth in FY26, with key financial metrics demonstrating the company's successful scaling strategy:

The company reported an opening order book of ₹45.00 crores secured as of April 1, 2026, providing strong revenue visibility for the upcoming financial year.

Three-Engine Business Architecture

63SATS operates through a comprehensive three-engine business model designed to serve enterprises, governments, and individual consumers:

The enterprise security division served clients across BFSI, IT/ITES, Manufacturing, Healthcare, Telecom, and Government sectors, including marquee names such as Times Group, ICICI Securities, TATA, Raymond, and Adani.

CYBX DNA IP Products Drive Growth

The company's intellectual property division, CYBX DNA, emerged as a significant revenue contributor in FY26. The AI-powered CyberOps platform generated ₹40.00 crores in revenue, validating the transition from services-led to IP-led business model.

The CYBX Super App achieved substantial consumer traction:

The consumer app provides real-time protection against scam calls, phishing, UPI fraud, and malicious applications, with cyber insurance coverage up to ₹10.00 lakhs.

Strategic Partnerships and Market Positioning

63SATS has established structured partnerships with 12 OEM alliance partners, including Palo Alto Networks, Fortinet, CrowdStrike, Microsoft Security, and SentinelOne. The company holds 82 OEM certifications across various cybersecurity domains, strengthening its market credibility and technical capabilities.

The company has positioned itself strategically for India's Digital Personal Data Protection Act (DPDP) 2023 compliance market by signing partnerships with specialized OEMs including Idify, Ardent, and RNR.

Ambitious FY27 Targets

63SATS has set aggressive growth targets for FY27, aiming for ₹350.00 crores in revenue and ₹40.00 crores in EBITDA. The revenue target is structured across three GTM engines:

The company plans to expand its team from 144 to 190 professionals in FY27, focusing on SOC analysts, platform engineers, and enterprise security specialists. With Publicis onboarding as marketing partner for CYBX Super App and the planned launch of CYBX Coin in FY27, 63SATS is positioned for accelerated growth in the expanding Indian cybersecurity market.