63 moons technologies limited , a technology company, has announced the record date for its dividend distribution for the financial year 2024-25. The company has set September 17, 2025, as the crucial date for determining shareholder eligibility for the upcoming dividend payout.

Key Points

• Record Date: September 17, 2025
• Financial Year: 2024-25
• Dividend Status: Subject to member approval and judicial orders

Dividend Approval Process

The dividend payment is not yet finalized and remains contingent on two important factors:

1. Member Approval: Shareholders will need to approve the dividend at the upcoming Annual General Meeting (AGM).
2. Judicial Orders: The dividend is also subject to appropriate judicial orders, indicating potential legal considerations.

Official Communication

The company officially communicated this information to the BSE Limited through its Senior VP & Company Secretary, Hariraj Chouhan. In the LODR (Listing Obligations and Disclosure Requirements) filing, Mr. Chouhan stated:

"This is further to our letter dated September 01, 2025, please note that the Record Date set for the Dividend (F.Y. 2024-25) is September 17, 2025. The payment of dividend will be made subject to the approval by members at the ensuing AGM and appropriate judicial orders."

Implications for Shareholders

Investors who own shares of 63 moons technologies limited at the close of business on September 17, 2025, will be eligible to receive the dividend, provided it receives the necessary approvals. Shareholders should note that this record date is crucial for determining their entitlement to the potential dividend payout.

Next Steps

Shareholders and potential investors should keep an eye out for:

1. The announcement of the Annual General Meeting date
2. The outcome of the AGM and the dividend approval status
3. Any updates regarding the judicial orders mentioned in the company's statement

As the dividend remains subject to these conditions, investors are advised to stay informed about the company's future announcements regarding the final dividend decision and payment details.

63 Moons Technologies Limited's subsidiary, 63SATS Cybertech Limited, has successfully raised ₹180 crore through a private placement of equity shares, marking a significant financial move for the company.

Details of the Private Placement

According to a corporate announcement by 63 Moons Technologies Limited, 63SATS Cybertech Limited issued 18 crore equity shares with a face value of ₹1 each. The shares were placed at a premium of ₹9 per share, bringing the total placement value to ₹180 crore.

63 Moons' Stake in 63SATS Cybertech

The announcement also shed light on 63 Moons' investment in its subsidiary. The parent company currently holds 6,000 partly-paid Zero Coupon Unsecured Optionally Fully Convertible Debentures (ZOFCDs) of 63SATS Cybertech, with a face value of ₹1,00,000 each, amounting to ₹60 crore. Upon full payment and conversion of these ZOFCDs into equity shares, 63 Moons is set to hold 65.99 crore equity shares of ₹1 face value each in 63SATS Cybertech.

Recent Corporate Activities

In a separate development, 63 Moons Technologies Limited recently completed the sale of its Straight Through Processing Messaging Solution (STP-Gate Business Undertaking) to Synapsewave Innovations Private Limited. This transaction, which was executed on a slump sale basis, marks another strategic move by the company in reshaping its business portfolio.

Market Implications

The successful fundraising by 63SATS Cybertech through private placement indicates investor confidence in the company's prospects. This infusion of capital could potentially be used for expansion, technology upgrades, or other strategic initiatives within the cybertech sector.

For 63 Moons Technologies Limited, these developments - both the fundraising by its subsidiary and the divestment of its STP-Gate business - reflect ongoing efforts to optimize its corporate structure and focus on core growth areas.

Investors and market watchers will likely keep a close eye on how these funds are utilized by 63SATS Cybertech and the potential impact on the parent company's financial performance in the coming quarters.