63 moons technologies limited updates on contract with MCX

63 moons technologies limited have once again agreed to the eleventh-hour request by Multi Commodity Exchange of India Limited (MCX), which according to MCX is for the 'last time' for one more time. This new arrangement of Software Support Service will be from commencing from 1st July 2023 to 31st December 2023 (both days inclusive).

We sincerely wish that this 'last time' really happens someday, so that we deploy our excellent team of exchange technology engineering group in mega promising opportunity in new digital world.

For the count, this is the third time that MCX approached 63 moons to extend the software support service arrangement after the long-term arrangement with MCX ended on 30th September 2022 and MCX selected new technology service provider way back in February 2021.

For the right information to our shareholders, we hereby state that we have been offering MCX since August 2020 an option to purchase the software source code for self-use which is in line with the practices adopted by all best exchanges in India as well as across the world. We had also offered them long term contracts of 2 years in 2022. However, for the reasons best known to them they have not opted for it.

These are mission critical technology which is of highest excellence in functionality and performance. 63 moons technology exchange engine has been at the heart of MCX since 2003 (20 years) working uninterruptedly for 16 hours a day all throughout.

As the founders and well-wishers of MCX, we wish them good luck with these new experiments and hope that they will reach the right destination one day.

Shares of 63 moons technologies limited was last trading in BSE at Rs. 215.00 as compared to the previous close of Rs. 206.10. The total number of shares traded during the day was 109665 in over 2733 trades.

The stock hit an intraday high of Rs. 221.80 and intraday low of 202.65. The net turnover during the day was Rs. 23516871.00.

Source : Equity Bulls

Keywords

63moonstechnologies INE111B01023 ContractExtension MCX