The Securities and Exchange Board of India (SEBI) has approved the appointment of Rishi Nathany as Managing Director and Chief Executive Officer of Multi Commodity Exchange 's clearing subsidiary. This regulatory approval marks a significant development in the governance structure of one of India's premier commodity exchanges.

Leadership Enhancement at MCX Clearing

The appointment of Nathany to the top position at MCX's clearing subsidiary represents a strategic move to strengthen the operational framework of the exchange's clearing operations. The clearing subsidiary plays a vital role in ensuring smooth settlement and risk management for commodity derivatives transactions on the MCX platform.

Governance and Market Structure Impact

The SEBI approval underscores the regulator's confidence in Nathany's capability to lead the clearing operations effectively. This appointment is positioned to enhance the overall governance framework and market structure of MCX's clearing subsidiary, which is essential for maintaining market integrity and operational efficiency.

The clearing subsidiary's role in risk management, settlement processes, and regulatory compliance makes this leadership appointment particularly significant for market participants and stakeholders. The enhanced governance structure is expected to contribute to the continued development of India's commodity derivatives market.

Regulatory Significance

SEBI's approval process for such senior appointments involves thorough evaluation of the candidate's qualifications, experience, and suitability for the role. The regulatory endorsement of Nathany's appointment reflects the exchange's commitment to maintaining high standards of corporate governance and operational excellence in its clearing operations.

Multi Commodity Exchange of India Limited has successfully completed its share subdivision process, with both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) confirming the credit of subdivided shares under the new ISIN INE745G01043. The company announced on January 5, 2026, that the 1:5 share split has been executed, converting each equity share of face value Rs. 10.00 into five shares of face value Rs. 2.00 each.

Share Subdivision Details

The share split was executed on January 3, 2026, with confirmation received from both depositories. Under this corporate action, shareholders will receive five new shares for every one share held previously, with the face value reduced proportionally.

Depository Confirmations

NSDL processed 108,621 records, debiting 45,398,117 shares under the old ISIN and crediting 226,990,585 shares under the new ISIN. Similarly, CDSL handled 152,646 records, debiting 5,600,196 shares and crediting 28,000,980 shares respectively.

Regulatory Compliance

The share subdivision was processed through the company's registrar and transfer agent, KFIN Technologies Limited. Company Secretary Manisha Thakur communicated the completion to BSE Limited, ensuring full regulatory compliance under the company's scrip code 534091.

Upcoming Board Meeting

Separately, MCX has scheduled its Board of Directors meeting for January 23, 2026, to consider and approve unaudited financial results for the third quarter and nine months ended December 31, 2025. The trading window, currently closed for designated persons, will reopen on January 26, 2026, following the declaration of financial results.