63 Moons Technologies has issued a clarification to the BSE following the circulation of misleading reports claiming a fresh Bombay High Court order in the NSEL case. The company stated the referenced judgment is over 18 months old and originated from broker-related appeals. 63 Moons noted abnormal stock volatility due to the circulation and is now investigating potential market manipulation, advising investors to rely exclusively on official exchange filings.
63 Moons Technologies Issues Clarification on Misleading Legal Reports
The company confirmed the referenced news pertains to an 18-month-old order; the article caused intraday stock volatility.
Reader Takeaway: 63 Moons denies fresh court setbacks; clarifies old order details to curb market-moving misinformation.
What just happened
63 Moons Technologies issued a formal clarification to the stock exchanges on September 23, 2026, addressing a misleading publication dated September 22, 2026. The article suggested a fresh Bombay High Court ruling against the National Spot Exchange Limited (NSEL) under the MPID Act. The company clarified that the court judgment in question was actually delivered on February 7, 2025.
Why this matters
The circulation of outdated legal information via digital platforms led to significant intraday volatility in 63 Moons’ share price. By addressing the content directly, the company aims to rectify the market impression created by the viral circulation of what it termed "misleading" information.
The backstory
The misleading reports misattributed an old order regarding appeals filed by promoters and directors of specific NSEL brokers. These individuals were charge-sheeted by the Mumbai Economic Offences Wing. 63 Moons emphasized that this is not a new development or a fresh judgment targeting the firm.
Risks to watch
63 Moons is actively examining the circumstances behind the publication and the timing of its dissemination. The firm is currently contemplating legal and regulatory action against parties responsible for spreading the misinformation, citing potential efforts to influence the company’s stock price.
What to track next
Investors are advised to ignore unverified reports and rely solely on official disclosures provided through the BSE and NSE. The company continues to monitor the impact of this misinformation on its market standing.