Announced Wed, 15 Jul · 20:24 IST
MCX seeks shareholder nod for two Executive Director appointments
Management Changes View source PDF
MCX · price
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Price reaction · full curve 14 horizons · vs prior close
-5.2%1-day move
₹2896.30
prior close
₹2898.00
base price
After-mkt
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AI summary
MCX has issued a Postal Ballot Notice to ratify two new Executive Director appointments, mandated by SEBI. Sanjay Rajpal (ex-Amazon) joins as Executive Director Critical Operations from June 30, 2026 with total pay of Rs 3.51 crore per annum. Manoj Jain (ex-MCX COO) joins as Executive Director Regulatory, Compliance, Risk Management from June 1, 2026 with total pay of Rs 2.05 crore per annum. Both have 5-year tenures. E-voting: July 16 to August 14, 2026.
Likely market impact
SEBI-mandated KMP appointments strengthen governance focus. Shareholders should review pay packages and cast votes by August 14, 2026.