Multi Commodity Exchange of India Limited (MCX) has officially confirmed the re-appointment of Mr. Mohan Shenoi as a Non-Independent Director (NID) on its Board. This re-appointment follows shareholder approvals at the Annual General Meeting and has received the necessary clearance from SEBI. Mr. Shenoi brings extensive banking and financial markets expertise to the Board, with over 45 years of experience. His continued presence ensures stability and experienced leadership within the company’s governance structure.
Corporate Governance Update: Director Reappointment
Multi Commodity Exchange of India Limited (MCX) has formally announced the re-appointment of Mr. Mohan Shenoi (DIN: 01603606) as a Non-Independent Director (NID) to its Board of Directors. This confirmation comes after the necessary approvals were obtained, including shareholder consent at the Annual General Meeting held on September 17, 2026, and subsequent clearance from SEBI via a letter dated November 5, 2026.
Mr. Mohan Shenoi’s Profile and Expertise
Mr. Shenoi is a seasoned banking professional with an impressive career spanning over 45 years. His expertise encompasses global financial markets, treasury operations, and comprehensive financial risk management. He has played a significant role in bank mergers and integrations and has experience in establishing new private sector banks in India. Previously, Mr. Shenoi served as President & Chief Operating Officer (COO) at Kotak Mahindra Bank, retiring in April 2018. He has also been instrumental in developing money market instruments such as Certificates of Deposit (CD) and Commercial Paper (CP) in India during the early 1990s. Currently, he also serves as a Non-Independent Director on the board of Multi Commodity Exchange Clearing Corporation Limited.
Disclosure and Relationships
According to the disclosures provided, Mr. Mohan Shenoi is not related to any other Director on the MCX Board. Furthermore, he is not debarred from holding the office of Director by any order from SEBI or any other regulatory authority. His educational qualifications include a BBM, PGDBM, and C.A.I.I.B. His re-appointment ensures continuity in strategic oversight and governance.
Annexure Details
The detailed information required under SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as Annexure I. This disclosure fulfills regulatory requirements concerning changes in directorships.
Source: BSE
