63 Moons Technologies unit invests ₹10.08 Cr in Dubai subsidiary

Ticker Limited, a subsidiary of 63 moons technologies , has invested ₹10.08 crore in its Dubai-based step-down subsidiary, Three O Verse Global IT Services L.L.C. The investment was completed on July 06, 2026, through the allotment of 3,843 equity shares of AED 1,000 each at par. This infusion of funds is intended to meet the working capital requirements of the subsidiary, which operates in the Information Technology Solutions sector.

The transaction was executed via a rights issue and approved by the Department of Economy & Tourism in the UAE. Three O Verse Global IT Services L.L.C. is a wholly owned subsidiary of Ticker Limited and a step-down subsidiary of 63 moons technologies limited. Consequently, the transaction falls under the category of a related party transaction under the Companies Act, 2013. However, specific approvals under the Companies Act are not applicable for transactions between a holding company and its wholly owned subsidiary, and the rights issue is exempted as a related party transaction under Listing Regulations. The deal was conducted at arm's length, with no interest held by the promoter, promoter group, or group companies of 63 moons technologies limited.

Three O Verse Global IT Services L.L.C. was incorporated on October 14, 2022, and is engaged in data classification, analysis services, internet content provision, and IT infrastructure. The entity has reported a net loss of AED 133.25 lakh for the period ending March 31, 2026, against a turnover of AED 15.28 lakh. The company's net worth stood at AED 39.55 lakh as of the same date.

Financial Performance of Three O Verse Global IT Services L.L.C.

Metric	Amount (AED in Lakhs)
Turnover (2025-26)	15.28
PAT (Loss)	(133.25)
Networth	39.55

The subsidiary's turnover has fluctuated over the past three years, recording AED 3.63 lakh in 2023-24 and AED 2.33 lakh in 2024-25 before rising to AED 15.28 lakh in 2025-26. Ticker Limited continues to hold 100% of the shareholding in Three O Verse Global IT Services L.L.C. following this investment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.69%	+3.02%	+9.28%	+3.89%	-33.12%	+707.83%

63 Moons Technologies Limited shareholders have approved the re-appointment of Mr. Devendra Agrawal as Whole-time Director and CFO and Mr. Rajendran Soundaram as Managing Director and CEO through a postal ballot process. The voting results, declared on June 22, 2026, also sanctioned a material related party transaction with India Gold Metaverse Private Limited. All three resolutions were passed with the requisite majority and are effective from June 20, 2026, the last date for remote e-voting.

The postal ballot was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period commenced on May 22, 2026, and concluded on June 20, 2026. Out of 46,734 members holding 4,60,78,537 shares, 187 members participated, casting votes on 2,79,20,560 shares. The scrutinizer's report confirmed that the votes were scrutinized in the presence of independent witnesses.

Voting Results Summary

The re-appointment of Mr. Devendra Agrawal and Mr. Rajendran Soundaram were passed as Special Resolutions. The related party transaction with India Gold Metaverse Private Limited was passed as an Ordinary Resolution. Promoters did not vote on the related party transaction as they were interested parties.

Resolution	Votes For	Votes Against	% For	% Against
Re-appointment of Mr. Devendra Agrawal	2,79,20,120	440	99.998	0.002
Re-appointment of Mr. Rajendran Soundaram	2,79,20,029	531	99.998	0.002
Related Party Transaction with India Gold Metaverse Private Limited	67,78,416	1,77,993	97.441	2.559

Key Details of the Resolutions

Re-appointment of Directors

The Special Resolutions for the re-appointment of Mr. Devendra Agrawal (DIN: 03579332) and Mr. Rajendran Soundaram (DIN: 02686150) received overwhelming support from the promoter and public shareholder groups. The Promoter and Promoter Group cast 20,964,140 votes in favour for both resolutions, representing 100% of the votes polled by this category.

Related Party Transaction

The Ordinary Resolution regarding material related party transactions with India Gold Metaverse Private Limited saw the Promoter and Promoter Group abstain from voting. Public Institutional holders cast 216,363 votes, with 38,899 in favour and 177,464 against. Public Non-Institutional holders cast 6,740,046 votes, with 6,739,517 in favour and 529 against. The resolution was passed with 97.441% of the valid votes in favour.

The Scrutinizer, B Narasimhan of BN & Associates, confirmed that the results would be displayed on the company's website and forwarded to BSE Limited and National Stock Exchange of India Limited.