63 Moons Technologies has announced the receipt of 60 crore equity shares from its subsidiary 63 SATS Cybertech Limited (63 SATS) through the conversion of Zero Coupon Fully Convertible Debentures. This corporate action has increased 63 Moons Technologies' shareholding in 63 SATS Cybertech to 65.27%.

Debenture Conversion Details

The Board of 63 SATS issued and allotted the equity shares upon conversion of debentures held by 63 Moons Technologies. The conversion parameters are outlined below:

Enhanced Shareholding Position

Following the completion of this allotment, 63 Moons Technologies has strengthened its position in 63 SATS Cybertech Limited. The company's shareholding in the subsidiary has reached 65.27%, representing a significant controlling stake in the entity.

Regulatory Compliance

The company has fulfilled its disclosure obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 by notifying both BSE Limited and National Stock Exchange of India Limited about this corporate action. This ensures transparency and keeps stakeholders informed about material developments affecting the company's investment portfolio.

The conversion of Zero Coupon Fully Convertible Debentures into equity shares represents a strategic corporate restructuring that has resulted in 63 Moons Technologies obtaining a substantial equity position in its subsidiary company.

63 moons technologies limited has disclosed significant developments regarding its non-material subsidiary Ticker Limited through a communication to stock exchanges on December 11, 2025. The update pertains to restructuring activities involving Baron Infotech Limited's insolvency resolution process.

NCLT Remand Order Details

The National Company Law Tribunal (NCLT) Hyderabad Bench issued an order dated December 09, 2025, directing the Corporate Insolvency Resolution Process of Baron Infotech Limited to be re-run through a new Resolution Professional. The tribunal identified procedural issues during the earlier process that necessitated this remand.

Resolution Applicant's Response

Vivek Kumar Ratakonda, identified as the Successful Resolution Applicant, communicated the tribunal's decision to Ticker Limited on December 11, 2025. According to his letter, the NCLT found no issues with the resolution plan itself, noting that creditors were being paid 100% of their dues, which aligns with the foundational principle of the Insolvency and Bankruptcy Code (IBC) rather than profiteering motives.

Ratakonda has indicated he is considering all legal options and expressed confidence in successfully completing the process at the earliest opportunity.

Company's Current Position

Ticker Limited, through its Managing Director and CEO Joseph Massey, has informed the parent company that it is exploring various options in the current scenario. This communication was part of the subsidiary's ongoing obligation to keep 63 moons technologies informed about material developments.

Regulatory Compliance

The disclosure was made pursuant to applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Company Secretary Hariraj Chouhan submitted the communication to both BSE Limited and National Stock Exchange of India Limited, referencing an earlier communication dated January 31, 2025, on the same subject matter.

Corporate Structure Context

Ticker Limited operates as a non-material subsidiary of 63 moons technologies limited. The subsidiary is involved in the insolvency resolution process concerning Baron Infotech Limited, which has now encountered procedural complications requiring tribunal intervention and process restart.