Multi Commodity Exchange of India Limited (MCX) has received approval from SEBI to invest in a proposed Mineral Spot Exchange Company. This significant development, granted under Regulation 38(2) of SECC Regulations, marks a crucial step towards establishing a regulated platform for trading mined natural resources. MCX intends to hold an initial 100% stake in the subsidiary, aiming to create a transparent and technology-driven ecosystem for minerals.
SEBI Grants Approval for Mineral Spot Exchange
Multi Commodity Exchange of India Limited (MCX) announced today that the Securities and Exchange Board of India (SEBI) has granted its approval for investment in a proposed Mineral Spot Exchange Company. This approval, received on August 11, 2026, is a pivotal moment for the company’s strategic expansion into new commodity segments.
Strategic Vision and Investment
The initiative aligns with MCX’s vision to deepen the commodity market infrastructure by developing a well-regulated and technology-driven platform for the buying and selling of mined natural resources. The proposed exchange aims to offer a transparent, standardized digital platform for the physical delivery of minerals, facilitating market-driven fair and robust prices. MCX will leverage its expertise in commodity exchange governance, surveillance, and clearing mechanisms to support this new ecosystem, as envisioned by the Government of India. Initially, MCX will hold a 100% stake in the subsidiary, with the possibility of bringing in other partners later.
Regulatory Compliance and Next Steps
The disclosures pertaining to this development have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is planning to submit a license application to the Indian Bureau of Mines as required. The investment capital is expected to be up to ₹100 Crore to comply with the minimum net worth requirement as per draft Mineral Exchange Rules. Shares are proposed to be acquired at par value of ₹10/- per share.
Source: BSE
