Pursuant to the appointment of Mr. Rishi Nathany as MD&CEO of the Subsidiary company, he steps down as Chief Business Officer of the company.
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Mr. Rishi Nathany, currently the Chief Business Officer (a Key Managerial Personnel) at Multi Commodity Exchange of India Ltd (MCX), will step down from that role effective March 31, 2026. The reason is that he has been appointed as the Managing Director & CEO of MCX's wholly owned subsidiary, Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL), with his joining date at the subsidiary set for April 1, 2026. The existing MD & CEO of MCX, Ms. Praveena Rai, remains in her position. MCX has filed this under SEBI's Regulation 30 disclosure requirements for changes in KMP.
This is an internal leadership reshuffle — a KMP is moving from the parent company to head the clearing subsidiary, which may bring sharper focus to MCXCCL's operations. For shareholders, the transition appears orderly with no disruption to the parent company's top leadership, so the impact on the stock is likely neutral.