63 Moons Technologies has secured NCLT sanction for its NSEL One-Time Settlement scheme, aiming to pay Rs 1,950 crore to traders. The company reported a sharp rise in standalone profit to Rs 174.66 crore for FY 2025-26, though consolidated operations remain loss-making. Investors should note that while a Rs 2 per share dividend was recommended, actual distribution remains blocked by a 2015 Bombay High Court order. The firm continues to face ongoing legal scrutiny from the EOW and Enforcement Directorate, which remains the primary overhang for shareholders.
63 Moons Technologies FY26 Performance and NSEL Settlement Update
Standalone Profit: Rs 174.66 crore | NSEL Settlement: Rs 1,950 crore scheme sanctioned
Reader Takeaway: NCLT-sanctioned settlement offers a path to closing long-standing civil cases, though legal hurdles continue to block dividend payouts.
What just happened
63 Moons Technologies has reached a significant milestone with the NCLT sanctioning its One-Time Settlement (OTS) scheme on November 28, 2025. This scheme involves a payout of Rs 1,950 crore to 5,682 traders, calculated based on outstanding dues as of July 31, 2024. Simultaneously, the company reported a robust standalone net profit of Rs 174.66 crore for FY 2025-26, a massive jump from Rs 5.95 crore in the previous fiscal. On a consolidated basis, however, the firm posted a loss of Rs 22.43 crore.
Why this matters
The NCLT approval is a pivotal step toward resolving the protracted NSEL payment crisis that has shadowed the company for years. By settling with thousands of traders, the group seeks to consolidate rights and potentially close lingering civil litigation. While the board has recommended a dividend of Rs 2 per share, shareholders should remain cautious; an ad-interim order from the Bombay High Court dating back to 2015 continues to prevent the distribution of dividends to investors.
Business Overview
The company is aggressively pivoting under its "Securing Digital Life" theme. Key growth areas include:
- Cybersecurity: Launched the 'CYBX' super app, which integrates direct-to-consumer cybersecurity with insurance products.
- Risk Solutions: Successfully onboarded six Housing Finance Companies to its regulatory data platform.
- Exchange Tech: Continues to support the Metropolitan Stock Exchange of India.
Risks to watch
Despite the operational improvements, the company remains under investigation by the EOW, SFIO, and the Enforcement Directorate. The Statutory Auditors have issued a qualified opinion regarding pending litigations, indicating significant uncertainty. Management asserts that no further financial adjustments are needed, but the resolution of these sub-judice matters is essential for long-term stability.
What to track next
Watch for developments regarding the actual execution of the NSEL settlement payments and any potential legal developments in the Bombay High Court that might finally lift the freeze on dividend distributions.