Multi Commodity Exchange of India Limited appointed Nishant Pradhan as Chief of Innovation and a Key Management Personnel (KMP) on September 25, 2026. This appointment aligns with the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.

Pradhan holds an MBA-PGPEM from the Indian Institute of Management, Bangalore, and a BE in Electrical Engineering from SPCE Mumbai. He brings over 25 years of experience across mutual funds, asset management, index business, digital banking, capital markets, and wealth management. Prior to this role, he served as Chief AI Officer at Mirae Asset Investment Managers.

Professional background and expertise

Pradhan’s career spans major financial and technology institutions. His previous roles include positions at Axis Bank, Fidelity Investments, JP Morgan Chase, Wipro, Oracle Financial Services, and Infosys. This diverse background combines traditional finance with advanced technology implementation, particularly in artificial intelligence.

Regulatory compliance and disclosures

The company filed the intimation with BSE Limited under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

The filing confirms that no relationship exists between the new appointee and other directors of the exchange. The intimation is available on the company’s website for public record.

Multi Commodity Exchange of India Limited declared a final dividend of ₹8 per equity share for FY26 during its 24th Annual General Meeting. The payout applies to shares with a face value of ₹2 each.

The AGM was convened and held on September 17, 2026, through Video Conferencing in compliance with SEBI LODR Regulations, 2015, and MCA Circulars. Dr. Harsh Kumar Bhanwala, Chairman of the Board, presided over the proceedings from the Mumbai office.

Meeting Proceedings

A total of 75 members attended the virtual meeting. Ms. Manisha Thakur, Company Secretary, welcomed the attendees and confirmed the presence of a quorum before handing over the chair to Dr. Bhanwala.

Key board members present included:

• Mr. C. S. Verma, Public Interest Director
• Dr. Navrang Saini, Public Interest Director
• Mr. Santosh Kumar Mohanty, Public Interest Director
• Mr. Mohan Shenoi, Non-Independent Director
• Mr. Arvind Kathpalia, Non-Independent Director
• Ms. Praveena Rai, Managing Director & CEO

Directors attending via video conference included Ms. Sonu Bhasin and Mr. Ashutosh Vaidya. Representatives from statutory auditors V Sankar Aiyar & Co and secretarial auditors AVS & Associates were also present.

Voting Results

The scrutinizer's report, issued by AVS & Associates on September 18, 2026, confirms that all three ordinary resolutions were passed by shareholders. The voting process included remote e-voting (September 14–16, 2026) and electronic voting during the AGM.

Resolution 1: Adoption of Financial Statements

Shareholders approved the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.

Resolution 2: Final Dividend Declaration

The resolution to declare a final dividend of ₹8 per equity share was approved with overwhelming support.

Resolution 3: Re-appointment of Director

Shareholders approved the re-appointment of Mr. Mohan Shenoi as a Non-Independent Director, subject to SEBI approval. This resolution saw higher dissent compared to other items, primarily from institutional holders.

Note: Trading Members or their associates were not eligible to vote on Item No. 3 pursuant to Regulation 2(ka) of Securities Contracts (Regulation) (Stock Exchange and Clearing Corporation) Regulations, 2018.

What the Numbers Show

While the dividend and financial statement adoptions received near-unanimous support (100% and 99.47% respectively), the re-appointment of Mr. Mohan Shenoi faced notable opposition. Approximately 19.20% of votes polled against his re-appointment, driven largely by institutional holders who voted 19.23% against. In contrast, non-institutional public holders showed strong support with only 0.75% voting against. This divergence suggests specific institutional concerns regarding this directorship, despite overall confidence in the company's financial outcomes.