Clarification23 Sept 2026, 02:53 pm
63 Moons Clarifies Stale Judicial Proceedings Publication
AI Summary
63 Moons Technologies Ltd has issued a clarification regarding a publication on Law Text concerning stale judicial proceedings related to the NSEL scam and MPID Act. The company states the judgment, published on September 22, 2026, was actually pronounced on February 7, 2025, and pertains to appeals by brokers' promoters/directors, not a fresh order against NSEL. 63 Moons suspects the timing and misleading nature of the publication, coinciding with stock price volatility, may be intended to create a false market impression. The company is investigating and considering appropriate legal and regulatory actions.
Key Highlights
- Company clarifies publication on stale judicial proceedings is misleading.
- Judgment cited is over a year old, not a fresh ruling.
- Publication coincided with stock price volatility.
- Company investigating potential market manipulation.
- Legal and regulatory action being considered.
Price Impact
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