NSEUpdates2d ago · 23 Sept 2026, 02:52 pm

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63 moons technologies limited · 63MOONS

✦ AI Summary▼ NegativeRegulatory

63 Moons Technologies Limited clarified a publication on stale judicial proceedings by Law Text, stating it was misleading and created a false impression about the company's stock price. The company is examining the circumstances and considering taking action against those responsible.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact6/10
Market Sentiment4/10

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Full Announcement

63 moons technologies limited has informed the Exchange regarding 'Clarification regarding publication of stale judicial proceedings by Law Text'.

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63MOONS_23092026145057_Exchangeinfo23092026.pdf

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September 23, 2026 Listing Compliance, Listing Compliance, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 (Scrip Code: 526881) (Scrip Code: 63MOONS) Dear Sir/Madam, Sub: Clarification regarding publication of stale judicial proceedings by Law Text. The Company has come across a publication dated 22nd September 2026 on the website Law Text (lawtext.in) with the heading “Bombay High Court Dismisses Appeals challenging MPID Act Application in NSEL Scam Case – Held that MPID act Applies to NSEL as a Financial establishment and That Default in Repayment of Deposits Attracts Offences Under the Act”, This article, it appears, was shared and also circulated through WhatsApp several times yesterday with misleading heading, relating to proceedings concerning National Spot Exchange Limited (“NSEL”) and MPID. The Company wishes to clarify that the judgment referred in the said publication was pronounced by the Hon’ble Bombay High Court on 7th February 2025, i.e. more than a year and a half ago. The Order of Hon’ble Bombay High Court is in relation to appeals filed by Promoters and Directors of certain Brokers of NSEL who have been charge sheeted by the Economic Offences Wing, Mumbai and not in relation to challenge to MPID Act. The timing of the publication of the article appears to be suspect and was published in a convoluted and misleading manner, as it creates to give an impression that the Hon’ble Bombay High Court has delivered a fresh judgment/order against NSEL, which is clearly, not the case. The Company has observed significant intraday volatility in its stock price contemporaneously with the circulation of the said publication. The Company is examining the circumstances surrounding the publication, including whether the timing, manner and dissemination were intended, or had the effect, of creating a misleading market impression and influencing the Company's stock price. The Company is contemplating taking into account such legal and regulatory requirements, to initiate appropriate action as may be available in law against the persons responsible for the publication and dissemination of the said article. 63 moons technologies limited Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 | P: +91 22 66868050 | E: info@63moons.com | W: www.63moons.com Registered Office: Shakti Tower - II, 4th floor, Premises - J, 766, Anna Salai, Chennai - 600 002. T: +91 44 4395 0850 | P: +91 44 4395 0899 | CIN No.: L29142TN1988PLC015586 The Company reiterates that investors and market participants should rely upon disclosures made by the Company through the recognised Stock Exchanges for information concerning the Company and its affairs. We have been informing periodically all information that are required to be disclosed to the Exchanges. This clarification is being issued in the interest of maintaining transparency and ensuring that investors and market participants are not misled by the circulation of stale, incorrectly presented or misleading information. Kindly take the above information on your records. Thanking you, Yours Faithfully, For 63 moons technologies limited Hariraj Chouhan Sr. VP & Company Secretary 63 moons technologies limited Corporate Office: FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (East), Mumbai 400 093, India. T: +91 22 66868010 | P: +91 22 66868050 | E: info@63moons.com | W: www.63moons.com Registered Office: Shakti Tower - II, 4th floor, Premises - J, 766, Anna Salai, Chennai - 600 002. T: +91 44 4395 0850 | P: +91 44 4395 0899 | CIN No.: L29142TN1988PLC015586