Announced Mon, 15 Sept · 20:32 IST

Appointment of Head of Department - Inspection and Audit

Management Changes View source PDF

MCX · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

MCX has appointed Mr. Baiju V. Budhwani as Head of Department – Inspection and Audit, effective September 15, 2025. He has been designated as a Key Managerial Personnel under SEBI's Stock Exchanges and Clearing Corporations Regulations, 2018. Mr. Budhwani holds a Masters in Management Studies (Finance), LLB, and B.Com, with over 24 years of experience in regulatory compliance, operational risk management, internal audit, and stakeholder liaison. Prior to joining MCX, he served as Vice President – Internal Controls and Compliance Officer at Axis Securities Ltd, and has previously worked with Vodafone Idea, HDFC Securities, and other firms.

Likely market impact

This is a routine internal KMP-level appointment and is unlikely to have any material impact on the stock price or shareholder value. It reflects MCX strengthening its inspection and audit function in line with SEBI regulatory requirements.