63 moons technologies limited has informed the Exchange that Board of Directors at its meeting held on May 18, 2026, recommended Final Dividend of Rs. 2 per equity share.
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63 moons technologies limited board meeting on May 18, 2026 approved audited financial results for FY 2025-26 and recommended a final dividend of Rs. 2 per equity share (face value Rs. 2 each). The dividend is subject to shareholder approval at the AGM and 'appropriate judicial orders', which suggests possible legal complications. The board also re-appointed Mr. Devendra Agrawal as Whole-time Director & CFO for 3 years and Mr. Rajendran Soundaram as MD & CEO for 1 year, both pending shareholder approval. A postal ballot will seek approval for these appointments and material related party transactions with India Gold Metaverse Private Limited.
The dividend recommendation is positive for income-seeking investors but the vague reference to 'judicial orders' adds uncertainty. Continued leadership stability with experienced executives may provide some comfort to shareholders.