Annual Secretarial Compliance Report for the FY ended March 31, 2025.
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MCX has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, confirming overall compliance with SEBI regulations, listing rules, and secretarial standards. The report covers compliance with SEBI (LODR) Regulations, Insider Trading norms, related party transactions, board evaluations, and other corporate governance requirements — all marked as compliant. However, it discloses a SEBI order dated May 26, 2025, in the matter of MCX's trading software contract, where MCX was held liable for non-disclosure of payments made to an erstwhile vendor for software support extension, attracting a penalty of ₹25 lakhs. Separately, its clearing subsidiary MCXCCL settled a separate matter with SEBI for ₹70 lakhs related to margin shortfall provisions.
For shareholders: MCX remains broadly compliant with listing and governance norms, but two SEBI regulatory actions totaling ₹95 lakhs in penalties have surfaced — one directly on MCX and one on its subsidiary. These are relatively small financial penalties but highlight ongoing regulatory scrutiny on MCX's technology vendor transitions and clearing operations, which investors should monitor.