Order dated May 26, 2025 received from SEBI.
MCX · price
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Awaiting price reaction for this filing.
MCX has received a final order from SEBI dated May 26, 2025, relating to a show cause notice on the trading software contract between MCX, its subsidiary MCXCCL, and the technology vendors. SEBI dropped three of the four allegations against MCX and held the company liable only for Allegation 4(i), which was failure to timely disclose the amount paid to the erstwhile vendor for extension of software support services from October 2022 to June 2023. A penalty of Rs. 25 lakh has been levied on MCX under Section 15HB of the SEBI Act, 1992, for violation of disclosure norms under LODR Regulations 2015 and SECC Regulations 2018. Proceedings against the subsidiary MCXCCL have been disposed of without any directions, meaning the subsidiary is fully cleared.
The penalty is modest at Rs. 25 lakh and most allegations were dropped, suggesting limited financial damage, but the disclosure failure finding may have a mild negative sentiment impact on the stock in the short term.