63 moons technologies limited has received formal warning letters from both the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) for disclosure compliance breaches under SEBI regulations. The warnings highlight concerns over misleading information provided to investors and stock exchanges regarding MSE's trading engine launch.

BSE Warning and Company Response

The company has now received the BSE warning letter dated February 20, 2026, following the earlier NSE warning on the same date. In its communication to both exchanges dated February 24, 2026, 63 moons technologies acknowledged receipt of the BSE warning and confirmed its commitment to taking adequate precautions regarding information dissemination to avoid similar incidents in future.

Disclosure Compliance Breach Details

The warning letters stem from a disclosure made by 63 moons technologies on January 27, 2026, regarding the "launch of upgraded trading engine of 63 moons by MSE." The company had stated that Metropolitan Stock Exchange of India Limited (MSE) was launching trading in the Equity Cash Segment with an upgraded trading engine provided by 63 moons technologies, comparing it to the technology services model provided to MCX since 2003.

However, MSE's circular dated January 21, 2026, clarified that the exchange was merely implementing a new version of existing trading software (MSE Member Admin Terminal 25.0.5.0 and MSE Trader Workstation 25.0.5.0) in the Equity Capital Market, effective from January 27, 2026.

Regulatory Violation and Exchange Concerns

Both exchanges identified the disclosure as violating SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 4(1)(c), which requires listed entities to refrain from misrepresentation and ensure information provided to stock exchanges and investors is not misleading.

The BSE warning letter, signed by Deputy Vice President Jayshree Soni and Assistant Vice President Jaikishan Pahlani, emphasized that the non-compliance is viewed seriously and warned the company to exercise due diligence in future disclosures.

Company's Commitment and Ongoing Services

In its response to the exchanges, 63 moons technologies acknowledged the warnings and reiterated its commitment to compliance. Significantly, the company confirmed in its February 24, 2026 communication that "we continue to provide technology services to MSE," clarifying the ongoing business relationship despite the disclosure controversy.

Regulatory Requirements and Compliance Measures

As per the exchanges' directives, the company is required to disseminate copies of the warning letters on all stock exchanges where it is listed and place the warning letters before the Board of Directors. The company must also present corrective measures taken to avoid recurrence of such lapses and exercise due diligence in future disclosures to ensure compliance with SEBI LODR provisions.

63 moons technologies limited has issued a formal response to BSE Limited regarding a surveillance inquiry about recent volume movement in the company's scrip. The exchange had raised queries about unusual trading activity, prompting the company to provide clarification on February 10, 2026.

Company's Response to BSE Inquiry

In its official communication to BSE surveillance department, 63 moons technologies addressed concerns about volume movement in its shares. The company's response was structured to address regulatory compliance and provide transparency about any potential material developments.

Regulatory Compliance Status

The company emphasized its adherence to regulatory requirements under SEBI guidelines. 63 moons technologies confirmed that all necessary disclosures have been completed as per established protocols.

Key compliance highlights include:

• All disclosures made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Submissions completed within stipulated timeframes
• All disclosures available in public domain
• No pending material information that could impact operations or performance

Market Movement Attribution

Regarding the recent price movement that triggered the surveillance inquiry, 63 moons technologies provided a clear stance on the underlying factors. The company attributed the current increase in scrip price to market-driven forces rather than any undisclosed material developments.

The management stated that no information or announcements are pending that may have a bearing on the company's operations or performance, suggesting that the volume movement reflects normal market dynamics.

Corporate Governance Commitment

63 moons technologies reiterated its commitment to maintaining high standards of corporate governance and regulatory compliance. The company assured stakeholders of its continued adherence to disclosure requirements and transparent communication practices.

The response emphasized that any price-sensitive information pertaining to operations, performance, definitive decisions, or announcements required under SEBI regulations will be promptly notified to stock exchanges, maintaining the company's established compliance track record.