NSEUpdates2d ago · 23 Sept 2026, 02:52 pm
Updates
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.
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Governance Concern1/10
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Liquidity Impact6/10
Market Sentiment4/10
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63 moons technologies limited has informed the Exchange regarding 'Clarification regarding publication of stale judicial proceedings by Law Text'.
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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