Nature of the Event
The company received an intimation on July 08, 2026, from its subsidiary, Ticker Limited, that Ticker's wholly-owned subsidiary, Three O Verse Global IT Services L.L.C., Dubai (a step-down subsidiary of 63 moons), allotted 3,843 equity shares to Ticker Limited on July 06, 2026.
Key Quantitative Figures
- Number of Shares Allotted: 3,843 equity shares
- Face Value per Share: AED 1,000
- Total Consideration: AED 38.43 Lakh
- Equivalent Indian Rupee Value: ₹10.08 Crores
- Price per Share: Acquired at par value
Ownership Structure & Related Party Status
- 63 moons technologies limited holds a 67.49% stake in Ticker Limited.
- Three O Verse Global IT Services L.L.C. is a wholly-owned subsidiary of Ticker Limited.
- Consequently, Three O Verse is a step-down subsidiary of 63 moons and falls under the category of a related party.
- The transaction is stated to have been done on an arm's length basis.
- The Promoter/Promoter Group/Group Companies of 63 moons have no interest in this investment.
Regulatory Context & Approvals
- The disclosure is made in compliance with SEBI Listing Regulations and refers to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- Although a related party transaction, specific approvals under the Companies Act, 2013 were not required as the transaction is between a holding company (Ticker Limited) and its wholly-owned subsidiary (Three O Verse).
- Furthermore, the transaction, being a rights issue, is exempt from related party transaction provisions under the Listing Regulations.
- The investment was approved by the Department of Economy & Tourism, UAE.
Purpose and Objects of the Acquisition
- The primary object of the investment is to meet the working capital requirements of Three O Verse Global IT Services L.L.C.
- Ticker Limited had originally incorporated Three O Verse with the objective of business development for its global Technology Solutions.
Details of the Acquired Entity (Three O Verse Global IT Services L.L.C.)
- Industry: Information Technology Solutions
- Line of Business: Data Classification & Analysis Services, Internet Content Provider, IT Infrastructure, Portal, Information Technology Network Services.
- Date of Incorporation: October 14, 2022
- Country of Presence: United Arab Emirates (UAE)
- Authorized Share Capital: 100,000 shares of AED 1,000 each
Financial Snapshot (as of March 31, 2026, in AED Lakhs)
- Turnover (FY 2025-26): AED 15.28
- Profit After Tax (Loss) (FY 2025-26): AED (133.25)
- Net Worth: AED 39.55
Historical Turnover (AED in Lakhs)
- FY 2025-26: AED 15.28
- FY 2024-25: AED 2.33
- FY 2023-24: AED 3.63
Transaction Details
- Mode of Consideration: Cash
- Completion Date: July 06, 2026
- Post-Transaction Holding: Ticker Limited continues to hold 100% of the shares in Three O Verse Global IT Services L.L.C.