MCX , India's leading commodity derivatives exchange, has announced a significant addition to its leadership team. Ms. Kirtida Nagda has been appointed as the Head of Department - Membership and a Key Managerial Personnel, effective September 11, 2025.

New Appointment Details

MCX officially communicated this appointment through a filing with the BSE Limited. According to the exchange's statement, Ms. Nagda's role falls under the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.

Professional Background

Ms. Kirtida Nagda brings a wealth of experience and expertise to her new role at MCX:

• Qualifications: She is a Chartered Accountant with Master's and Bachelor's degrees in Commerce.
• Experience: Nagda boasts over 20 years of experience in various critical areas, including:
  • Audit
  • Risk Management
  • Governance
  • Reporting
  • Controls

Previous Roles

Prior to joining MCX, Ms. Nagda has held several prestigious positions in the financial sector:

• Vice President at Kotak Mahindra Bank
• Roles at Deutsche India Pvt. Ltd
• Experience with SBI Funds Management Pvt. Ltd
• Worked with leading audit firms:
  • Ernst and Young LLP
  • S.R. Batliboi & Associates LLP
  • BSR & Co

Implications for MCX

The appointment of Ms. Nagda as Head of Department - Membership is expected to bring valuable insights and expertise to MCX's operations. Her extensive background in audit, risk management, and governance aligns well with the regulatory and operational demands of a leading commodity exchange.

This strategic move by MCX underscores the exchange's commitment to strengthening its leadership team with experienced professionals, potentially enhancing its capabilities in membership management and overall organizational governance.

MCX continues to evolve its management structure, aiming to maintain its position as a key player in India's commodity derivatives market. As the financial landscape becomes increasingly complex, appointments like Ms. Nagda's are crucial for exchanges to navigate regulatory requirements and market challenges effectively.

MCX (Multi Commodity Exchange of India Ltd.), India's largest commodity derivatives exchange, witnessed a significant block trade on the National Stock Exchange (NSE) on Wednesday. The transaction, valued at approximately Rs. 16.44 crore, involved the exchange of 21,710 shares.

Block Trade Details

The block deal was executed at a price of Rs. 7,571.50 per share, highlighting substantial investor interest in the company. Block trades are typically large, privately negotiated transactions between two parties, often institutional investors or high net worth individuals.

Market Impact

Such large transactions can sometimes indicate a shift in investor sentiment or portfolio rebalancing by major stakeholders. However, it's important to note that the reasons behind block trades can vary and are not always disclosed publicly.

About Multi Commodity Exchange

MCX is a leading commodity derivatives exchange that offers futures trading in commodities such as precious metals, base metals, energy, and agricultural commodities. The exchange plays a crucial role in price discovery and risk management in the Indian commodity market.

While this block trade represents a significant transaction, investors and market watchers should consider it in the broader context of the company's overall trading volume and market performance.