MCX has incorporated a new wholly owned subsidiary, MCX Mineral Exchange of India Limited, effective October 16, 2026. This move follows earlier disclosures made in August 2026 regarding the company's expansion plans.

The new entity is registered as a public company under the Companies Act, 2013. The incorporation was formally communicated to the BSE Limited on October 17, 2026, fulfilling regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory compliance and disclosure

The company stated that all details required pursuant to Regulation 30 of the SEBI LODR Regulations were already disclosed in its intimation letter dated August 12, 2026. This prior disclosure was made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The information regarding the new subsidiary will also be available on the company's official website for public access.

What the numbers show

The source document provides procedural confirmation rather than financial data. It confirms the legal establishment of the entity but does not disclose capital structure, initial investment amount, or operational timelines for the new mineral exchange.

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.