Multi Commodity Exchange of India Limited 's clearing corporation has transferred ₹50 lakh to the Core Settlement Guarantee Fund as a financial penalty following a technical issue that occurred on January 28, 2026. The exchange has made this disclosure under Regulation 30 of SEBI regulations, with the actual transfer completed on March 27, 2026, confirming that operations continue to function normally without any disruption to trading activities.

Regulatory Disclosure and Compliance

Multi Commodity Exchange of India Limited has formally disclosed the penalty payment through its wholly owned subsidiary Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) in compliance with SEBI circular dated July 05, 2021. The company issued the disclosure on March 30, 2026, to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference letter no. MCX/SEC/2667.

Technical Issue and Financial Disincentive

The financial penalty stems from a technical glitch experienced by MCXCCL on January 28, 2026. As per SEBI circular requirements, the clearing corporation has transferred the penalty amount as a "Financial Disincentive" to its Core Settlement Guarantee Fund. The company has confirmed that this action was taken in accordance with regulatory guidelines for technical disruptions, following SEBI circular no. SEBI/HO/MRD1/DTCS/CIR/P/2021/590 dated July 05, 2021.

Impact Assessment

According to the regulatory filing, there is no impact on operations or other activities of MCX and MCXCCL arising from the financial disincentive. The exchange has emphasized that its trading operations remain unaffected, with the financial impact limited to the penalty amount of ₹50 lakh transferred to the guarantee fund. The disclosure information has also been hosted on the company's website at www.mcxindia.com for transparency.

The transfer represents Multi Commodity Exchange's commitment to maintaining regulatory compliance and addressing technical issues through appropriate financial measures while ensuring operational stability for market participants.

MCX has informed the stock exchanges about a significant income tax demand notice received by its wholly owned subsidiary, Multi Commodity Exchange Clearing Corporation Limited (MCXCCL). The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Details

MCXCCL received a Notice of Demand dated March 28, 2026, from the Assessment Unit of the Income Tax Department for Assessment Year 2024-25. The notice was issued under section 156 of the Income-Tax Act, 1961, with reference to an Assessment Order under section 143(3) of the same act.

Nature of Dispute

The income tax demand notice is specifically related to the disallowance of contributions made by MCXCCL to its Core Settlement Guarantee Fund. This disallowance by the tax authorities has resulted in the substantial demand of nearly ₹10 crore against the subsidiary.

Company's Response and Impact Assessment

MCXCCL has indicated that it is in the process of filing an appeal against the assessment order and the resulting demand notice. The company has provided a clear assessment of the potential impact on its operations and financial position.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of SEBI LODR Regulations, read with the SEBI Master Circular dated January 30, 2026. MCX has also indicated that this information will be hosted on the company's official website at www.mcxindia.com for public access.

The company has maintained that while the financial impact is quantifiable to the extent of the demand amount, there are no operational disruptions expected from this development. The subsidiary's plan to challenge the assessment order through the appellate process demonstrates the company's intention to contest the tax authorities' position on the Core Settlement Guarantee Fund contributions.