Alteration of Capital Clause of MOA subject to necessary approvals
MCX · price
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MCX board has approved a stock split in the ratio of 1:5, meaning each equity share of face value Rs. 10 will be subdivided into 5 shares of face value Rs. 2 each. This is subject to statutory, regulatory, and shareholder approvals, with the record date to be decided later. The company stated the rationale is to make shares more affordable and accessible to retail investors. Alongside, MCX reported strong Q1 FY26 results with consolidated total income of Rs. 405.82 crores (up ~60% YoY from Rs. 253.19 crores) and net profit of Rs. 203.19 crores (up ~83% YoY from Rs. 110.92 crores). Standalone net profit stood at Rs. 156.88 crores, nearly doubling from Rs. 80.38 crores in Q1 FY25.
The stock split lowers the per-share price, potentially improving liquidity and retail participation, though it does not change the company's overall value. Strong Q1 earnings reinforce positive momentum for shareholders.