Multi Commodity Exchange of India Ltd announced the appointment of Shivanshu Mehta as Chief of Product, Precious & Base Metals, effective October 8, 2026. This leadership change signals a strategic realignment within the company's product management division.

Mehta transitions from his previous dual role as Head-Bullion and interim Chief Business Officer. The appointment was disclosed to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with corporate governance norms for Key Managerial Personnel changes.

Role Transition Details

The filing specifies that the change involves a shift in responsibility rather than an external hire. Mehta’s new mandate focuses specifically on the precious and base metals segment, a core revenue driver for the exchange. The previous interim nature of his Chief Business Officer role suggests this move may formalize or redirect his operational focus toward product development and strategy in these specific commodities.

Regulatory Compliance

The intimation was filed on October 9, 2026, citing compliance with SEBI Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The disclosure confirms that no relationship exists between the director and other directors that might influence decision-making, a standard requirement for such appointments. The document was digitally signed by Manisha Thakur, Company Secretary, confirming the authenticity of the record.

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.