63 Moons MPID Court Order Allows NSEL Settlement Scheme

Key Developments

• The MPID Court, Mumbai, has allowed one of the applications filed by 63 moons technologies limited regarding the Scheme of Arrangement for One Time Settlement (OTS)
• The Court ordered cancellation of attachment of assets of the Company that were attached under Notification dated 19.09.2018
• The cancellation is subject to conditions laid out in the Court Order for effecting the Scheme of Arrangement
• The Company expects more releases in the near future to bring the final OTS for execution

Background Context

• The Scheme of Arrangement between NSEL and Specified Creditors was approved by NCLT, Mumbai, as previously informed via letter dated 28.11.2025
• The Company is in the process of obtaining various Orders from respective Courts/Forums for effecting the said Scheme of Arrangement

Financial Impact

Financial impact not quantified in the disclosure. The order relates to cancellation of asset attachments from 2018, which may potentially release previously restricted assets subject to court conditions.