Date: September 09, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Restructuring Update
63 moons technologies limited provided an update regarding the restructuring of its non-material subsidiary, Ticker Limited. This communication follows a previous update dated May 06, 2026.
NCLT Proceedings
The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench, issued an order dated September 8, 2026, in the matter of Avantine Software Pvt Ltd. vs. Baron Infotech Limited. The NCLT:
- Dismissed the Interim Application filed by Mr. Vivek Kumar Ratakonda, a Resolution Applicant
- Approved the Resolution Plan dated April 11, 2026, submitted by the successful Resolution Applicant under section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC)
Legal Evaluation and Potential Appeal
Mr. Vivek Kumar Ratakonda has conveyed that the order and its implications are being evaluated, including issues under Regulation 39(1A) and Section 29A of IBC. These concerns are planned to be raised before the Hon'ble National Company Law Appellate Tribunal (NCLAT). Ticker Limited will determine the future course of action based on this evaluation.
Key Personnel
- Hariraj Chouhan - Sr. VP & Company Secretary, 63 moons technologies limited
- Joseph Massey - Managing Director & CEO, Ticker Limited (DIN: 00043586)
- Vivek Kumar Ratakonda - Resolution Applicant