Key Approval Details
SEBI granted approval on August 11, 2026, under Regulation 38(2) of SECC Regulations for investment in the proposed Mineral Spot Exchange Company. The disclosure is made in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
Subsidiary Company Details
- Name: MCX Mineral Exchange of India Limited or MCX Mineral Exchange Limited (subject to Ministry of Corporate Affairs approval)
- Incorporation Status: Yet to be incorporated
- Country of Incorporation: India
- Industry: Mined natural resources
Ownership Structure
Multi Commodity Exchange of India Limited (MCX) will initially hold 100% stake in the subsidiary. The company may subsequently seek other partners to hold shares in the Subsidiary Company.
Business Purpose
The subsidiary will develop a well-regulated, technology-driven platform for buying and selling mined natural resources. This initiative aims to create a transparent, standardized digital platform for physical delivery of minerals at market-driven prices. MCX will leverage its commodity exchange governance, surveillance, and clearing & settlement mechanisms to support the mined mineral ecosystem as envisioned by the Government of India.
Regulatory Requirements
Following SEBI approval, a license application will be submitted to Indian Bureau of Mines as and when prescribed.
Financial Details
- Investment Amount: Up to ₹100 crore investment capital to comply with minimum net worth requirement as per draft Mineral Exchange Rules
- Share Price: Acquisition at par value of ₹10 per share
- Consideration: Cash consideration
Additional Information
The information will be disclosed on the company's website at https://www.mcxindia.com/