Cease to be designated as KMP.
MCX · price
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MCX has informed the BSE that two Vice Presidents — Mr. Naresh Bhuta (Finance & Accounts) and Mr. Sambit Patnaik (Financial Institutions Marketing) — will no longer be designated as Key Managerial Personnel (KMP) effective June 1, 2025. The change is being made to align their official designation with the roles they actually handle. Importantly, both executives continue to remain employed with the company and retain their existing portfolios. This is purely a reclassification of their KMP status, filed under SEBI Listing Regulations. No brief profile or director-relationship disclosures were applicable.
This is a routine administrative realignment and not a resignation or exit. Since both individuals continue in their roles, there is no material impact on company operations or shareholders.