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Multi Commodity Exchange of India CEO, MD, chairman, board of directors and AGM

NSE: MCXBSE: 534091Capital MarketsMid Cap

Last close ₹3,020.30down ₹93.40 (3.00%)BSE ₹3,017.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,113.70.

52-week range of traded prices to 23 Oct 2026
₹1,762.10Low, 7 Nov 2025₹3,481.40High, 25 Sep 2026
Market cap
₹77,015 Cr157th largest listed
P/E
50.0
P/B
27.0
Dividend yield
0.26%
ROE
65.2%
ROCE
63.7%
Debt to equity
0.00
Volume, NSE
9,31,83930.2% delivered

Multi Commodity Exchange of India board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonHARSH KUMAR BHANWALA
  • Managing director and CEOPRAVEENA RAI
  • Company Secretary and Compliance OfficerManisha Thakur

11 directors6 independent3 executive2 non-executive

  • CHANDRA SHEKHAR VERMAIndependent · joined May 2021 · reappointed May 2024 · 61 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 4 as chair
  • HARSH KUMAR BHANWALA · ChairpersonIndependent · joined Aug 2021 · reappointed Aug 2024 · 59 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • MOHAN NARAYAN SHENOINon-executive · joined Sep 2021 · 1 listed board · 2 committee seats
  • ASHUTOSH VAIDYAIndependent · joined Sep 2022 · reappointed Sep 2025 · 45 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • SONU BHASINIndependent · joined Sep 2022 · reappointed Sep 2025 · 45 months as independent · 6 listed boards · 5 as independent · 9 committee seats, 4 as chair
  • ARVIND KATHPALIANon-executive · joined Dec 2022 · 1 listed board · 4 committee seats
  • NAVRANG SAINIIndependent · joined Mar 2024 · reappointed Mar 2024 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PRAVEENA RAI · Managing director and CEOExecutive · joined Oct 2024 · 1 listed board · 1 committee seat
  • SANTOSH KUMAR MOHANTYIndependent · joined May 2026 · reappointed May 2026 · 1 month as independent · 5 listed boards · 5 as independent · 7 committee seats, 4 as chair
  • SANJAY RAJPALExecutive · joined Jun 2026 · 1 listed board
  • MANOJ JAINExecutive · joined Jun 2026 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 Jun 202610 of 10 present6 independent · 26 days in between
    • 29 May 20269 of 9 present6 independent · 14 days in between
    • 14 May 20268 of 8 present5 independent · 5 days in between
    • 8 May 20268 of 8 present5 independent · 14 days in between
    2 earlier meetings
    • 23 Apr 20268 of 8 present5 independent · 47 days in between
    • 6 Mar 20268 of 8 present5 independent

  • Audit Committee

    Chair ASHUTOSH VAIDYA

    HARSH KUMAR BHANWALA, MOHAN NARAYAN SHENOI, NAVRANG SAINI, SANTOSH KUMAR MOHANTY

    • 25 Jun 20265 of 5 present4 independent · 47 days in between
    • 8 May 20264 of 4 present3 independent · 62 days in between
    • 6 Mar 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair CHANDRA SHEKHAR VERMA

    HARSH KUMAR BHANWALA, ASHUTOSH VAIDYA, SONU BHASIN, MOHAN NARAYAN SHENOI

    • 24 Jun 20265 of 5 present4 independent
    • 14 May 20265 of 5 present4 independent
    • 7 May 20265 of 5 present4 independent
    • 13 Apr 20265 of 5 present4 independent
    4 earlier meetings
    • 10 Apr 20265 of 5 present4 independent
    • 8 Apr 20265 of 5 present4 independent · no day in between
    • 7 Apr 20265 of 5 present4 independent · 18 days in between
    • 19 Mar 20265 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair CHANDRA SHEKHAR VERMA

    ARVIND KATHPALIA, NAVRANG SAINI, PRAVEENA RAI

    • 25 Jun 20264 of 4 present2 independent
    • 6 Jan 20264 of 4 present2 independent

  • Risk Management Committee

    Chair SONU BHASIN

    ARVIND KATHPALIA, ASHUTOSH VAIDYA, NAVRANG SAINI, PRAVEENA RAI, SANTOSH KUMAR MOHANTY, SHALINI CHHABRA

    • 8 May 20265 of 5 present3 independent
    • 22 Jan 20265 of 5 present3 independent

  • Corporate Social Responsibility Committee

    Chair ARVIND KATHPALIA

    MOHAN NARAYAN SHENOI, SONU BHASIN, PRAVEENA RAI

    • 24 Jun 20264 of 4 present1 independent
    • 7 May 20264 of 4 present1 independent
    • 4 Mar 20264 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • V. Sankar Aiyar & CoPeer-review certificate valid to Apr 2028
1 earlier auditor
  • Shah Gupta & CoNamed in filings from Mar 2025 to Jun 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Multi Commodity Exchange of India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Multi Commodity Exchange of India dividend history

Annual general meeting, 17 Sep 2026

4,40,237 shareholders on the register on 10 Sep 2026; present: 0 promoters and 75 others; votes counted by Vijay Yadav / AVS & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. Audited Standalone financial statement of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon; b. Audited Consolidated financial statement of the Company for the financial year ended March 31, 2026, and the reports of Auditors thereonMoreLess
    Ordinary
    99.47% for0.53% against

    Against: promoters 0.00% · institutions 0.53% · other public 0.11%

    Turnout: all 75.20% · promoters 0.00% · institutions 91.77% · other public 0.49%

  2. To declare a final dividend of Rs. 8/- per Equity Share of face value of Rs. 2/- each for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 75.21% · promoters 0.00% · institutions 91.79% · other public 0.49%

  3. To appoint Mr. Mohan Shenoi (DIN: 01603606), Non- Independent Director who retires by rotation at this AGM and being eligible, offers himself for re-appointment, subject to approval of Securities and Exchange Board of India ("SEBI")MoreLess
    Ordinary
    80.80% for19.20% against

    Against: promoters 0.00% · institutions 19.23% · other public 0.75%

    Turnout: all 46.81% · promoters 0.00% · institutions 57.09% · other public 0.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Aug 2026, 2 resolutions

4,64,206 shareholders on the register on 10 Jul 2026; votes counted by Vijay Yadav / AVS & Associates.The company's voting result (opens in a new tab)

  1. To ratify the appointment of Mr. Sanjay Rajpal (DIN: 00562023), as Executive Director (Critical Operations) of the Company.
    Ordinary
    90.06% for9.94% against

    Against: promoters 0.00% · institutions 9.96% · other public 1.45%

    Turnout: all 46.38% · promoters 0.00% · institutions 57.53% · other public 0.64%

  2. To ratify the appointment of Mr. Manoj Jain (DIN: 09694205), as Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances) of the Company.
    Ordinary
    90.06% for9.94% against

    Against: promoters 0.00% · institutions 9.96% · other public 1.53%

    Turnout: all 46.38% · promoters 0.00% · institutions 57.53% · other public 0.64%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 17 Sep 2026, 17 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt: a. Audited Standalone financial statement of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon; b. Audited Consolidated financial statement of the Company for the financial year ended March 31, 2026, and the reports of Auditors thereonMoreLess
    17 for0 against
  • To declare a final dividend of Rs. 8/- per Equity Share of face value of Rs. 2/- each for the Financial Year ended March 31, 2026
    17 for0 against
  • To appoint Mr. Mohan Shenoi (DIN: 01603606), Non- Independent Director who retires by rotation at this AGM and being eligible, offers himself for re-appointment, subject to approval of Securities and Exchange Board of India ("SEBI")MoreLess
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Proposed appointee is an Nomination and Remuneration Committee member, and the Board is non-compliant with the requisite number of retiring Directors as required under Section 152 of the Companies Act. Since Nomination and Remuneration Committee is tasked with ensuring board compliance, concern is being raised on the proposed re-appointment on account of his failure in appointing requisite number of retiring directors on the Board.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concerns on merit, profile, attendance and time commitment of appointee. Governance Concern: Proposed appointee is an NRC member, and the Board is non-compliant with the requisite number of retiring Directors as required under Section 152 of the Companies Act. Since NRC is tasked with ensuring board compliance, concern is being raised on the proposed reappointment on account of his failure in appointing requisite number of retiring directors on the Board.
    13 for4 against

Mutual fund votes, meeting of 14 Aug 2026, 17 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To ratify the appointment of Mr. Sanjay Rajpal (DIN: 00562023), as Executive Director (Critical Operations) of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundProposed appointment as non-retiring director would result in non-compliant board composition u/s 152(6) of the Companies Act,2013. Further, Provisions of AoA cannot override the requirements of the Companies Act, 2013.
    • Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundNo concern on the merit, profile and proposed remuneration of the appointees. The proposed appointment is compliant with law. Governance concern: The proposed appointment as a non-retiring director would result in non-compliant board composition u/s 152(6) of the Companies Act, 2013. Although the appointment is necessitated by SEBI's governance framework mandating empowered Executive Directors to head Critical Operations & Regulatory, Compliance, Risk Management & Investor Grievances. However, classifying the Executive Director as not liable to retire by rotation is inconsistent with Section 152(6) of the Companies Act, 2013, which requires at least two-third of the Non-Independent Directors to be liable to retire by rotation. The relevant provisions of the Company's Articles of Association have been examined and noted; however, they cannot override the statutory requirements of the Companies Act, 2013.
    12 for5 against
  • To ratify the appointment of Mr. Manoj Jain (DIN: 09694205), as Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances) of the Company.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundProposed appointment as non-retiring director would result in non-compliant board composition u/s 152(6) of the Companies Act,2013. Further, Provisions of AoA cannot override the requirements of the Companies Act, 2013.
    • Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundNo concern on the merit, profile and proposed remuneration of the appointees. The proposed appointment is compliant with law. Governance concern: The proposed appointment as a non-retiring director would result in non-compliant board composition u/s 152(6) of the Companies Act, 2013. Although the appointment is necessitated by SEBI's governance framework mandating empowered Executive Directors to head Critical Operations & Regulatory, Compliance, Risk Management & Investor Grievances. However, classifying the Executive Director as not liable to retire by rotation is inconsistent with Section 152(6) of the Companies Act, 2013, which requires at least two-third of the Non-Independent Directors to be liable to retire by rotation. The relevant provisions of the Company's Articles of Association have been examined and noted; however, they cannot override the statutory requirements of the Companies Act, 2013.
    12 for5 against
6 earlier meetings

Mutual fund votes, meeting of 12 Sep 2025, 38 fund houses

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2025 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2025 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) Declare final dividend of Rs. 30.0 per equity share (Face value: Rs. 10.0 per share) for FY25.
    1 for0 against
  • 3) Reappoint Arvind Kathpalia (DIN: 02630873) as a Shareholder Director, liable to retire by rotation.
    1 for0 against
  • 4) Appoint V Sankar Aiyar & Co. as statutory auditors for five years from the conclusion of the 2025 AGM till the conclusion of the 2030 AGM and fix their remuneration.
    1 for0 against
  • 5) Appoint AVS & Associates as secretarial auditors for five years from 1 April 2025 and fix their remuneration.
    1 for0 against
  • 6) Approve subdivision of equity shares of face value of Rs. 10.0 per share into five equity shares having face value of Rs. 2.0 per share.
    1 for0 against
  • 7) Approve alteration to Clause V of the Memorandum of Association (MoA) to reflect the subdivision of equity shares.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2025
    6 for0 against
  • Alteration of Capital Clause of the Memorandum of Association of the Company.
    29 for0 against
  • Amend Capital Clause of the Memorandum of Association
    2 for0 against
  • Appoint AVS & Associates as secretarial auditors for five years from 1 April 2025 and fix their remuneration
    6 for0 against
  • Appoint V Sankar Aiyar & Co. as statutory auditors for five years from the conclusion of the 2025 AGM till the conclusion of the 2030 AGM and fix their remuneration
    6 for0 against
  • Approve alteration to Clause V of the Memorandum of Association (MoA) to reflect the subdivision of equity shares
    6 for0 against
  • Approve AVS & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration
    2 for0 against
  • Approve Final Dividend
    2 for0 against
  • Approve Sub-Division/Split of Equity Shares
    2 for0 against
  • Approve subdivision of equity shares of face value of Rs. 10.0 per share into five equity shares having face value of Rs. 2.0 per share
    6 for0 against
  • Approve V Sankar Aiyar & Co. as Statutory Auditor and Tax Auditor and Authorize Board to Fix Their Remuneration
    2 for0 against
  • Declare final dividend of Rs. 30.0 per equity share (Face value: Rs. 10.0 per share) for FY25
    6 for0 against
  • Reappoint Arvind Kathpalia (DIN: 02630873) as a Shareholder Director, liable to retire by rotation
    6 for0 against
  • Reelect Arvind Kathpalia as Director
    2 for0 against
  • To appoint a director in place of Mr. Arvind Kathpalia (DIN: 02630873), Non-Independent Director who retires by rotation at this AGM and being eligible, offers himself for reappointment.
    29 for0 against
  • To appoint M/s. AVS and Associates, Practicing Company Secretaries (ICSI Unique Identification Number: P2016MH54900) as Secretarial Auditors of the Company for 5 (Five) years commencing from FY 2025-26 till FY 2029-30 at a remuneration of Rs. 2,50,000/- per annum for Secretarial Audit and Other Certifications and Rs. 30,000/- per annum for Scrutinizer Report for FY 2025-26, as permitted under the applicable laws, plus reimbursement of out-of-pocket expenses and applicable taxes and with an annual increase in remuneration of 5% per annum over the next 4 years.MoreLess
    29 for0 against
  • To appoint M/s. V Sankar Aiyar and Co. (Firm Registration Number: 109208W) as Statutory Auditor and Tax Auditor of the Company for the tenure of 5 (Five) years from the 23rd Annual General Meeting till the conclusion of 28th Annual General Meeting remuneration, plus reimbursement of out-of pocket expenses and applicable taxes and change in the engagement partner, as mutually decided.MoreLess
    29 for0 against
  • To declare a final dividend of Rs. 30/- per Equity Share of face value of Rs. 10/- each for the Financial Year ended 31st March, 2025.
    29 for0 against
  • To receive, consider and adopt: a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, together with the Reports of the Board of Directors and Auditors thereon. b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025, and the Report of Auditors thereon.MoreLess
    29 for0 against
  • To sub-division/split of equity shares of the Company, such that 1 (One) equity share having face value of Rs. 10/- each, fully paid-up, be sub-divided into 5 (Five) equity shares having face value of Rs. 2/- each, fully paid- up, ranking pari-passu in all respects with and carry the same rights as the existing fully paid equity shares of Rs. 10/- each, with effect from the record date to be determined by the Board or any Committee thereof and/or Managing Director and Chief Executive Officer as authorised by the Board.MoreLess
    29 for0 against

Mutual fund votes, meeting of 26 Sep 2024, 27 fund houses

  • 1) A) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2024 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2024 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) Declare final dividend of Rs. 7.64 per equity share (Face value: Rs. 10.0 per share) for FY24.
    1 for0 against
  • 3) Reappoint Mohan Shenoi (DIN: 01603606) as Shareholder Director, liable to retire by rotation.
    1 for0 against
  • 4) Appoint Ms. Praveena Rai (DIN: 09474203) as Managing Director and CEO, not liable to retire by rotation, for five years from the date of her joining and fix her remuneration as minimum remuneration.MoreLess
    1 for0 against
  • 5) Approve payment of revised remuneration for FY23 and FY24 to P.S. Reddy (01064530), former Managing Director and CEO.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2024
    3 for0 against
  • Appoint Ms. Praveena Rai (DIN: 09474203) as Managing Director and CEO, not liable to retire by rotation, for five years from the date of her joining and fix her remuneration as minimum remuneration
    3 for0 against
  • Approve Appointment and Remuneration of Praveena Rai as Managing Director &Chief Executive Officer
    2 for0 against
  • Approve Final Dividend
    2 for0 against
  • Approve payment of revised remuneration for FY23 and FY24 to P.S. Reddy (01064530), former Managing Director and CEO
    3 for0 against
  • Approve Payment of Revised Remuneration to P.S. Reddy as MD & CEO
    2 for0 against
  • Declare final dividend of Rs. 7.64 per equity share (Face value: Rs. 10.0 per share) for FY24
    3 for0 against
  • Reappoint Mohan Shenoi (DIN: 01603606) as Shareholder Director, liable to retire by rotation
    3 for0 against
  • Reelect Mohan Shenoi as Director
    2 for0 against
  • To appoint a director in place of Mr. Mohan Shenoi (DIN: 01603606), Non - Independent Director who retires by rotation at this AGM and being eligible, offers himself for re-appointment, subject to approval of Securities and Exchange Board of India (SEBI).MoreLess
    21 for0 against
  • To consider and approve payment of revised remuneration to Mr. P.S. Reddy, (DIN: 01064530) erstwhile MD and CEO and a KMP who completed his tenure on 09th May 2024.
    Against Bajaj Finserv Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, PGIM India Mutual Fund
    • Bajaj Finserv Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, PGIM India Mutual FundCompliant with law. Governance Concern: Show cause Notice issued to the Company and its KMPs by SEBI and matter is currently pending for hearing.
    • Baroda BNP Paribas Mutual FundIn the past; there was lot of issue in terms of dealing with It service provider. Time line has always been extended.
    16 for5 against
  • To consider and approve the appointment of Ms. Praveena Rai (DIN: 09474203) as the MD and CEO of the Company and a whole-time key managerial personnel for a period of 5 (five) years from the date of her joining and including remuneration.MoreLess
    21 for0 against
  • To declare a final dividend of Rs. 7.64/- per Equity Share of face value of Rs. 10/- each for the Financial Year ended 31st March 2024.
    21 for0 against
  • To receive, consider and adopt: a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2024, together with the Reports of the Board of Directors and Auditors thereon. b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2024, and the Report of Auditors thereon.MoreLess
    21 for0 against

Mutual fund votes, meeting of 26 Sep 2023, 21 fund houses

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2023 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2023 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) Declare final dividend of Rs. 19.09 per equity share (Face value: Rs. 10.0 per share) for FY23.
    1 for0 against
  • 3) Reappoint Hemang Raja (DIN: 00040769) as Shareholder Director, liable to retire by rotation.
    1 for0 against
  • 4) Appoint Ms. Suparna Tandon (DIN: 08429718) as Shareholder Director, liable to retire by rotation.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2023
    3 for0 against
  • Appoint Ms. Suparna Tandon (DIN: 08429718) as Shareholder Director, liable to retire by rotation
    3 for0 against
  • Appointment of Ms. Suparna Tandon (DIN: 08429718) as a Shareholder Director/ Non-Independent Director of the Company whose period of office shall be liable to retire by rotation.
    14 for0 against
  • Approve Dividend
    2 for0 against
  • Declare final dividend of Rs. 19.09 per equity share (Face value: Rs. 10.0 per share) for FY23
    3 for0 against
  • Reappoint Hemang Raja (DIN: 00040769) as Shareholder Director, liable to retire by rotation
    3 for0 against
  • Reelect Hemang Raja as Director
    2 for0 against
  • Reelect Suparna Tandon as Director
    2 for0 against
  • To appoint a Director in place of Mr. Hemang Raja (DIN: 00040769), Shareholder Director/ Non-Independent Director
    1 for0 against
  • To appoint a Director in place of Mr. Hemang Raja (DIN: 00040769), Shareholder Director/ Non-Independent Director (Non-Independent Director) who retires by rotation at this AGM and being eligible, offers himself for re-appointment,MoreLess
    14 for0 against
  • To appoint Ms. Suparna Tandon (DIN: 08429718) as a Shareholder Director/ Non-Independent Director
    1 for0 against
  • To declare dividend of ` 19.09/- per Equity Share of face value of ` 10 each for the Financial Year ended 31st March 2023.
    1 for0 against
  • To declare dividend of Rs. 19.09/- per Equity Share of face value of Rs. 10 each for the Financial Year ended 31st March 2023.
    14 for0 against
  • To receive, consider and adopt: a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2023, together with the Reports of the Board of Directors and Auditors thereon. b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2023, and the Report of Auditors thereon.MoreLess
    15 for0 against

Mutual fund votes, meeting of 27 Sep 2022, 17 fund houses

  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2022 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2022 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) Declare final dividend of Rs. 17.4 per equity share (Face value: Rs. 10.0 per share) for FY22.
    1 for0 against
  • 3) Not fill the casual vacancy caused by the retirement of Chengalath Jayaram (DIN: 00012214) as Director (Shareholder Director), liable to retire by rotation.
    1 for0 against
  • 4) Approve alteration to Objects Clause of the Memorandum of Association (MoA) and align it Companies Act, 2013.
    1 for0 against
  • 5) Approve amendment to Articles of Association (AoA) as per provisions of Companies Act, 2013.
    1 for0 against
  • 6) Appoint Arvind Kathpalia (DIN: 02630873) as a Shareholder Director, liable to retire by rotation.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Acknowledge Chengalath Jayaram be not Reappointed as Director
    1 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2022
    2 for0 against
  • Amend Articles of Association
    1 for0 against
  • Amend Object Clause of the Memorandum of Association
    1 for0 against
  • Appoint Arvind Kathpalia (DIN: 02630873) as a Shareholder Director, liable to retire by rotation
    2 for0 against
  • Appointment of Mr. Arvind Kathpalia (DIN 02630873) as a Shareholder Director
    1 for0 against
  • Appointment of Mr. Arvind Kathpalia (DIN: 02630873) as a Shareholder Director of the Company effective from the date of approval by SEBI, and he shall be liable to retire by rotation.
    10 for0 against
  • Approve alteration to Objects Clause of the Memorandum of Association (MoA) and align it Companies Act, 2013
    2 for0 against
  • Approve amendment to Articles of Association (AoA) as per provisions of Companies Act, 2013
    2 for0 against
  • Approve Dividend
    1 for0 against
  • Declare final dividend of Rs. 17.4 per equity share (Face value: Rs. 10.0 per share) for FY22
    2 for0 against
  • Elect Arvind Kathpalia as Director
    1 for0 against
  • Not fill the casual vacancy caused by the retirement of Chengalath Jayaram (DIN: 00012214) as Non-Executive Non-Independent Director (Shareholder Director), liable to retire by rotation
    2 for0 against
  • To alter the Object Clause of the Memorandum of Association of the Company
    1 for0 against
  • To alteration of the Object Clause of the Memorandum of Association of the Company.
    11 for0 against
  • To amend the Articles of Association as per Companies Act, 2013.
    13 for0 against
  • To appoint Mr. Arvind Kathpalia (DIN: 02630873) as a Shareholder Director of the Company effective from the date of approval by SEBI, and he shall be liable to retire by rotation
    1 for0 against
  • To approve, alteration of the object clause of the memorandum of association of the Company.
    1 for0 against
  • To consider and approve the retirement of Mr. Chengalath Jayaram (DIN: 00012214), as Shareholder Director of the Company.
    2 for0 against
  • To consider and approve the retirement of Mr. Chengalath Jayaram (DIN: 00012214), as Shareholder Director of the Company, who retires by rotation at the 20th Annual General Meeting, does not seek re-appointment upon expiry of his term at this Annual General MeetingMoreLess
    1 for0 against
  • To consider and approve the retirement of Mr. Chengalath Jayaram (DIN: 00012214), who retires by rotation at the 20th Annual General Meeting, does not seek re-appointment upon expiry of his term at this Annual General Meeting.MoreLess
    10 for0 against
  • To declare dividend of ₹ 17.40 per Equity Share of face value of ₹ 10 each for the Financial Year ended 31st March 2022.
    1 for0 against
  • To declare dividend of Rs. 17.40 per Equity Share of face value of Rs. 10 each for the Financial Year ended 31st March 2022.
    12 for0 against
  • To receive, consider and adopt: (a) Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2022 together with the Reports of the Board of Directors and Auditors thereon; (b) Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2022 and the Report of Auditors thereon.MoreLess
    12 for0 against
  • To receive consider and adopt Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2022 together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    1 for0 against

Mutual fund votes, meeting of 3 Sep 2021, 14 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • 1) a) Adoption of Audited Standalone Financial Statements for the year ended March 31, 2021 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2021 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) To declare Dividend on Equity Shares.
    1 for0 against
  • 3) Re-appoint Mr. Hemang Harish Raja as a Director.
    1 for0 against
  • 4) Appoint Mr. Vivek Krishna Sinha as a Shareholder Director.
    1 for0 against
  • 5) Appoint Mr. Mohan Narayan Shenoi as a Shareholder Director.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Adoption of Financial Statements of the Company
    1 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2021
    2 for0 against
  • Appoint Mohan Narayan Shenoi (DIN: 01603606) as a Shareholder Director
    2 for0 against
  • Appoint Vivek Krishna Sinha (DIN: 08667163) as a Shareholder Director
    2 for0 against
  • Appointment of Mr. Mohan Narayan Shenoi as a Shareholder Director of the Company, liable to retire by rotation
    1 for0 against
  • Appointment of Mr. Vivek Krishna Sinha as a Shareholder Director of the Company, liable to retire by rotation
    1 for0 against
  • Approve Dividend
    1 for0 against
  • Declaration of dividend
    1 for0 against
  • Declare final dividend of Rs. 27.6 per equity share (Face value: Rs. 10.0 per share) for FY21
    2 for0 against
  • Elect Mohan Narayan Shenoi as Director
    1 for0 against
  • Elect Vivek Krishna Sinha as Director
    1 for0 against
  • Re-appointment of Mr. Hemang Harish Raja director, retiring by rotation
    1 for0 against
  • Reappoint Hemang Harish Raja (DIN: 00040769) as Director, liable to retire by rotation
    2 for0 against
  • Reelect Hemang Harish Raja as Director
    1 for0 against
  • To appoint a Director in place of Mr. Hemang Harish Raja (DIN: 00040769), who retires by rotation and being eligible, offers himself for re-appointment, subject to approval of Securities and Exchange Board of India (SEBI).MoreLess
    7 for0 against
  • To appoint Mr. Mohan Narayan Shenoi (DIN: 01603606) as a Shareholder Director
    6 for0 against
  • To appoint Mr. Mohan Narayan Shenoi (DIN: 01603606) as a Shareholder Director of the Company subject to the approval of the Securities and Exchange Board of India (SEBI), whose period of office shall be liable to retire by rotation, or shall cease to be a Director of the Company on the withdrawal of his nomination by the said member earlier than the date when he shall be liable to retire by rotation and that the date of his appointment as a Director shall be effective from the date of approval of SEBIMoreLess
    1 for0 against
  • To appoint Mr. Vivek Krishna Sinha (DIN: 08667163) as a Shareholder Director
    6 for0 against
  • To appoint Mr. Vivek Krishna Sinha (DIN: 08667163) as a Shareholder Director of the Company subject to the approval of the Securities and Exchange Board of India (SEBI), whose period of office shall be liable to retire by rotation, or shall cease to be a Director of the Company on the withdrawal of his nomination by NABARD earlier than the date when he shall be liable to retire by rotation and that the date of his appointment as a Director shall be effective from the date of approval of SEBI.MoreLess
    1 for0 against
  • To approve, appointment of a Director in place of Mr. Hemang Harish Raja (DIN: 00040769), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • To approve, appointment of Mr. Mohan Narayan Shenoi (DIN: 01603606) as a Shareholder Director.
    1 for0 against
  • To approve, appointment of Mr. Vivek Krishna Sinha (DIN: 08667163) as a Shareholder Director.
    1 for0 against
  • To approve, declaration of dividend of Rs. 27.60 per Equity Share of face value of Rs. 10 each for the Financial Year ended March 31, 2021.
    1 for0 against
  • To declare dividend of Rs. 27.60 per Equity Share of face value of Rs. 10 each for the Financial Year ended March 31, 2021.
    7 for0 against
  • To receive, consider and adopt: (a) Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2021 together with the Reports of the Board of Directors and Auditors thereon; (b) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021 and the Report of Auditors thereon.MoreLess
    8 for0 against

Mutual fund votes, meeting of 31 Aug 2020, 14 fund houses

  • 1) a) Adoption of Standalone Audited Financial Statements for the year ended March 31, 2020 and the reports of the Directors and Auditors thereon. B) Adoption of Audited Consolidated Financial Statements for the year ended March 31, 2020 and Auditors report thereon.MoreLess
    1 for0 against
  • 2) To declare Dividend on Equity Shares.
    1 for0 against
  • 3) Re-appoint Mr. Amit Goela as a Director.
    1 for0 against
  • 4) Re-appoint Ms. Madhu Jayakumar as a Director.
    1 for0 against
  • 5) Re-appoint M/s. Shah Gupta & Co. as Statutory Auditors and fix their remuneration
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Adoption of Financial Statements of the Company.
    1 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 March 2020
    1 for0 against

    1 abstained

  • Approve Dividend
    1 for0 against
  • Approve Shah Gupta & Co., Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration
    1 for0 against
  • Declaration of dividend.
    1 for0 against
  • Declare final dividend of Rs. 30.0 per equity share of face value Rs. 10.0 each
    2 for0 against
  • Re-appointed M/s. Shah Gupta & Co., Chartered Accountants (Firm Registration No.109574W), As Statutory Auditors of the Company for the second term of 5 (five) consecutive years
    4 for0 against
  • Re-appointment of M/s Shah Gupta & Associates, Chartered Accountants as the Statutory auditors of the Company
    1 for0 against
  • Re-appointment of M/s. Shah Gupta & Co., Chartered Accountants, as statutory auditors of the Company for a period of 5 years till the conclusion of 23rd AGM.
    1 for0 against
  • Re-appointment of M/s. Shah Gupta & Co., Chartered Accountants (Firm Registration No.109574W), As Statutory Auditors of the Company for the second term of 5 (five) consecutive years
    1 for0 against

    1 abstained

  • Re-appointment of Mr. Amit Goela, director retiring by rotation.
    1 for0 against
  • Re-appointment of Ms. Madhu Vadera Jayakumar, director retiring by rotation.
    1 for0 against
  • Reappoint Amit Goela (DIN: 01754804) as Director liable to retire by rotation
    2 for0 against
  • Reappoint Ms. Madhu Jayakumar (DIN: 00016921) as Director liable to retire by rotation
    2 for0 against
  • Reappoint Shah Gupta & Co. as statutory auditors for five years from 31 August 2020 and fix their remuneration
    2 for0 against
  • Reelect Amit Goela as Director
    1 for0 against
  • Reelect Madhu Vadera Jayakumar as Director
    1 for0 against
  • To appoint a Director in place of Mr. Amit Goela, (DIN:01754804), who retires by rotation and be
    1 for0 against
  • To appoint a Director in place of Mr. Amit Goela, (DIN:01754804), who retires by rotation and being eligible, offers himself for re-appointment, subject to approval of Securities and Exchange Board of India (SEBI).MoreLess
    7 for0 against

    1 abstained

  • To appoint a Director in place of Ms. Madhu Vadera Jayakumar, (DIN:00016921), who retires by rotation and being eligible, offers herself for re-appointment, subject to approval of SEBI.
    8 for0 against

    1 abstained

  • To declare dividend of Rs. 30 per equity share on a face value of Rs 10 per share for the Financial Year ended March 31, 2020
    1 for0 against
  • To declare dividend on Equity Shares for the Financial Year ended March 31, 2020.
    7 for0 against

    1 abstained

  • To re-appoint M/s. Shah Gupta & Co., Chartered Accountants as the Statutory Auditors of the Company.
    1 for0 against
  • To reappoint M/s. Shah Gupta & Co., Chartered Accountants (Firm Registration No.109574W) as Statutory Auditors of the Company for the second term of 5 (five) consecutive years to hold office from the conclusion of this meeting until the conclusion of the Twenty Third Annual General Meeting of the CompanyMoreLess
    1 for0 against
  • To receive, consider and adopt: (a) Audited Financial Statements of the Company for the Financial Year ended March 31, 2020 together with the Reports of the Board of Directors and Auditors thereon; (b) Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020 and the Report of Auditors thereonMoreLess
    8 for0 against

    1 abstained

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtMCX Coal Exchange of India LimitedSince 11 Jun 2026

    100.00% bought in the quarter; holding 100.00%, from 0.00%

  • Fine or penaltyBombay High CourtSince 4 Jul 2026

    The court has dismissed the criminal writ no. 3926/2017 on June 29, 2026 (order uploaded on July 04, 2026) filed by the company with cost of Rs. 5 lakh to be paid to Bar Council of Maharashtra and Goa’s Advocate Academy and Research Centre. Pursuant to erstwhile regulatory directions, an audit of Company’s operations from 2003 to 2013 was conducted, wherein, certain findings were made with respect to dealings with the vendors. The Company is pursuing the matter in Bombay High Court for registration of FIRs and investigations by police and EOW against the entities and individuals involved in above findings.

    The Company had filed a criminal writ and there was no violation per se alleged against the Company. (Multi Commodity Exchange of India Limited vs. The State of Maharashtra & Ors.)
  • Fine or penaltyCivil Judge (Junior Division) JalandharSince 29 Apr 2026

    Court allowed application for setting aside ex-parte proceedings against Defendant No. 2 and 3 subject to payment of cost of Rs. 1,000 (Rs. 500 per party) and granted another opportunity for production/ cross-examination of witness.

    Cost levied by Court while allowing procedural application in ongoing civil proceedings. (Umesh Puri v Anand Rathi, MCXCCL and MCX)
  • Fine or penaltyMumbai City Civil Court Mumbai, Court 32 Additional Sessions JudgeSince 24 Apr 2026

    Advocate for plaintiff sought time for filing evidence. Time was granted subject to Rs 1000/- to be paid to the DLSA.

    Cost levied by Court for granting time for filing evidence. (MCX vs Bhavishya Advisory and Comtrade (India) Pvt. Ltd.)
  • Tax disputeIncome Tax Department/Assessing OfficerSince 26 Dec 2018
    AY 2010-11 - DCIT has filed an appeal before ITAT against CIT(A) order passed on 28.03.2025. Company has filed cross objection against the DCIT Appeal. Hearings at ITAT has been completed and order is awaitedMoreLess
    At the filing before: AY 2010-11 - DCIT has filed an appeal before ITAT against CIT(A) order passed on 28.03.2025. Company has filed cross objection against the DCIT Appeal.
  • Tax disputeIncome Tax Department/Assessing OfficerSince 2 Feb 2024
    AY 2011-12 - Company's appeal pending before Bombay High Court related to Reassessment
  • Tax disputeIncome Tax Department/Assessing OfficerSince 5 May 2015
    AY 2012-13 - CIT order received in favour of the company on dated 15.11.2025. DCIT has filed an appeal before ITAT against CIT(A) order passed on 15.11.2025. ITAT Order received in favour of the company on dated 22.05.2026MoreLess
    At the filing before: AY 2012-13 - CIT order received in favour of the company on dated 15.11.2025. DCIT has filed an appeal before ITAT against CIT(A) order passed on 15.11.2025.
  • Tax disputeIncome Tax Department/Assessing OfficerSince 2 Dec 2017
    AY 2012-13 - Company's appeal pending before Bombay High Court related to Reassessment
13 more
  • Tax disputeIncome Tax Department/Assessing OfficerSince 1 Mar 2017
    AY 2013-14 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) r.w.s. 144C(3) of Income Tax Act dated 30-01-2017
  • Tax disputeIncome Tax Department/Assessing OfficerSince 8 Jan 2018
    AY 2013-14 - Company's appeal pending before Bombay High Court related to Reassessment
  • Tax disputeIncome Tax Department/Assessing OfficerSince 23 Feb 2019
    AY 2014-15 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) r.w.s. 144C(3) of Income Tax Act dated 21-01-2019 and IT Department has filed an appeal pending before Bombay HC against the order u/s.263 dt. 30.03.2021 passed by PCIT CC - 4 (ITAT Appeal allowed in favour of Assessee)MoreLess
  • Tax disputeIncome Tax Department/Assessing OfficerSince 27 Dec 2019
    AY 2015-16 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) r.w.s. 142(2A) r.w.s. 144C(3) of Income Tax Act dated 30-11-2019
  • Tax disputeIncome Tax Department/Assessing OfficerSince 15 Jan 2020
    AY 2016-17 - CIT order received in favour of the company on dated 15.11.2025. DCIT has filed an appeal before ITAT against CIT(A) order passed on 15.11.2025. ITAT Order received in favour of the company on dated 22.05.2026MoreLess
    At the filing before: AY 2016-17 - CIT order received in favour of the company on dated 15.11.2025. DCIT has filed an appeal before ITAT against CIT(A) order passed on 15.11.2025.
  • Tax disputeIncome Tax Department/Assessing OfficerSince 27 Dec 2019
    AY 2017-18 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) of Income Tax Act dated 30-11-2019
  • Tax disputeIncome Tax Department/Assessing OfficerSince 27 Apr 2021
    AY 2018-19 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) of Income Tax Act dated 18-03-2021
  • Tax disputeIncome Tax Department/Assessing OfficerSince 26 Apr 2022
    AY 2020-21 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) of Income Tax Act dated 24-03-2022
  • Tax disputeIncome Tax Department/Assessing OfficerSince 20 Apr 2024
    AY 2022-23 - Company's appeal pending before CIT(A) against assessment order U/s 143(3) of Income Tax Act dated 21-03-2024
  • Tax disputeGoods & Services Tax (GST) DepartmentSince 31 Mar 2025
    FY-2018-19 to FY-2021-22 - The Commissioner of GST (Appeal) has rejected the appeal filed by the Company and uphold the order passed by the Joint Commissioner. Company has filed appeal with Appellate Tribunal under Section 112 on 27.06.2026MoreLess
    At the filing before: FY-2018-19 to FY-2021-22 - The Commissioner of GST (Appeal) has rejected the appeal filed by the Company and uphold the order passed by the Joint Commissioner. Company is in process to approach Appellate Tribunal under Section 112.MoreLess
  • Tax disputeGoods & Services Tax (GST) DepartmentSince 25 Mar 2024
    FY-2017-18 - Company's has filed appeal before Appellate Authority against Order in Form DRC-07 passed by Joint Commissioner, Mumbai, order dated 26-12-2023.
  • Tax disputeGoods & Services Tax (GST) DepartmentSince 18 Sep 2025
    FY-2021-22 - Company has responded on the SCN. GST Department had issued revised order with reduced liability under section 73(1) of the Goods and Service Tax Act, 2017. Company has filed appeal against the revised order on 25.03.2026.MoreLess
    At the filing before: FY-2021-22 - Company has responded on the SCN. GST Department had issued revised order with reduced liability under section 73(1) of the Goods and Service Tax Act, 2017. Company is in process to file appeal against the revised order.MoreLess
  • Tax disputeGST - Superintendent and RANGE III: GandhinagarSince 13 Mar 2026
    Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), wholly owned subsidiary of the company has filed an appeal on March 13, 2026 - Pending with Superintendent and RANGE III: Gandhinagar, AhmedabadMoreLess
    At the filing before: Ongoing

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.