Multi Commodity Exchange of India Limited (MCX), India's leading commodity derivatives exchange, has announced the record date for its previously approved stock split while continuing to build on its impressive financial performance for the first quarter of fiscal year 2025-26.

Record Date Fixed for Stock Split

MCX has fixed Friday, January 2, 2026, as the record date for determining shareholders eligible for the approved 1:5 stock split. This announcement follows the earlier board approval and subsequent shareholder approval received on September 13, 2025. The stock split will convert each existing equity share with a face value of Rs. 10.00 into five equity shares with a face value of Rs. 2.00 each, making MCX shares more accessible to retail investors.

Strong Q1 Financial Performance

MCX reported robust financial results for the quarter ended June 30, 2025, demonstrating significant growth across key metrics:

Operational Highlights and Market Leadership

MCX witnessed exceptional operational performance with Average Daily Turnover (ADT) reaching Rs. 3,10,775.00 crore, marking an 80.00% year-over-year increase. The exchange strengthened its global position, maintaining its status as the world's largest Commodity Option Exchange and advancing to become the world's 6th largest Commodity Exchange, up from 7th place in 2023.

The company launched innovative products including Electricity Futures contracts, becoming the first exchange in India to offer such contracts. MCX also introduced new variants in the Bullion segment, including Gold Mini and Gold Ten Futures.

Management Outlook

Ms. Praveena Rai, Managing Director & CEO of MCX, highlighted the company's strong start to the financial year, emphasizing increased participation from institutional clients and hedgers, particularly from the MSME sector and physical market players. The exchange continues to focus on strengthening its technology and risk frameworks while working closely with regulators to develop the commodity derivative market.

With the record date now set for the stock split and strong financial fundamentals, MCX continues to solidify its position as a key player in India's commodity markets.

MCX has received an unfavorable appeal order from the Goods and Services Tax (GST) Department on December 11, 2025, regarding a disputed input tax credit claim. The Commissioner (Appeal) has rejected the company's appeal and upheld the original order passed by the Joint Commissioner, CGST & Cx, Mumbai East Commissionerate.

GST Appeal Details

The appeal order pertains to the alleged wrongful availment of Input Tax Credit (ITC) by the company. The GST Department has disallowed the ITC claim and imposed significant financial penalties on the exchange operator.

Regulatory Compliance

MCX has filed this disclosure under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that this appeal order is in continuation of an earlier intimation made to BSE on January 27, 2025, through letter reference number MCX/SEC/2474.

Financial Impact Assessment

The company has assessed the financial implications of the GST Department's order and provided clarity on its operational impact.

Company Response

MCX has indicated that it is currently in the process of responding to the appeal order received from the GST Department. The company has maintained transparency by promptly disclosing the development to the stock exchanges as required under regulatory guidelines.

The exchange operator has emphasized that despite the adverse order, there is no material impact on the company's financial, operational, or other activities. The financial impact is specifically limited to the extent of the GST Department's disallowance of the ITC claim and the associated penalties and interest charges.