MCX Subsidiary Transfers Funds to Guarantee Fund Following Technical Glitch
Multi Commodity Exchange of India Ltd (MCX) announced that its wholly-owned subsidiary, Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), has transferred 50 Lakh to its Core Settlement Guarantee Fund. The transfer, designated as a “Financial Disincentive,” is a result of a technical glitch that occurred on December 23, 2025.According to details released on March 24, 2026, the action was taken in accordance with SEBI circular no. SEBI/HO/MRD1/DTCS/CIR/P/2021/590 dated July 05, 2021.
The transfer has no impact on the operations or other activities of MCX and MCXCCL, with the financial impact limited to the amount of the disincentive itself.
Details of the Action
The following table outlines the specifics of the action taken:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the Authority | Securities and Exchange Board of India |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed | MCXCCL, subsidiary Company, has transferred Rs. 50 Lakh to its Core Settlement Guarantee Fund, as 'Financial Disincentive'. |
| 3 | Date of receipt of direction or order, including any adinterim or interim orders, or any other communication from the authority | Not applicable |
| 4 | Details of the violation(s)/contravention(s) committed or alleged to be committed | In accordance with the aforesaid SEBI Circular dated July 05, 2021, the said Financial Disincentive was paid by MCXCCL, on account of technical glitch which occurred on December 23, 2025. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | There is no impact on operations or other activities of the MCX and MCXCCL arising out of the Financial Disincentive. The financial impact to the extent of disincentive is mentioned above. |
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