MCX subsidiary settles with SEBI over risk management norms

Multi Commodity Exchange of India (MCX) announced today that SEBI has passed a Settlement Order on its subsidiary, Multi Commodity Exchange Clearing Corporation Limited, dated April 1, 2025. The order resolves a settlement application filed by the subsidiary concerning alleged non-compliance with SEBI's circular on additional risk management norms for commodity derivatives exchanges. The alleged violations pertain to SEBI Circular no. SEBI/HO/CDMRD/DRMP/CIR/P/2016/77, dated September 1, 2016. The subsidiary paid a settlement amount of INR270,000,000. MCX stated that the settlement will not materially impact the operations of MCX or its subsidiary. The company is disclosing this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.