Multi Commodity Exchange of India Limited (MCX) has levied a monetary penalty of ₹1,36,613 (excluding GST) on Share India Securities. The penalty, received on February 1, 2026, arises from normal stock broking operations due to a higher Order-to-Trade Ratio caused by technical and market-related factors. The company has stated that this penalty will not have a material impact on its financials or operations.
Penalty Imposed by MCX
Share India Securities has been notified of a monetary penalty imposed by the Multi Commodity Exchange of India Limited (MCX). The penalty amount is ₹1,36,613, excluding Goods and Services Tax (GST).
Reason for the Penalty
The penalty was levied during the normal course of stock broking operations. It is related to a higher Order-to-Trade Ratio attributed to technical and market dynamics. The communication from MCX regarding the penalty was received on February 1, 2026, at 3:29 p.m.
Impact Assessment
Share India Securities has stated that the penalty is not expected to have a material adverse impact on the company’s financial condition, business operations, or other activities. The company is committed to upholding high compliance standards and is taking steps to address the underlying issue that led to the penalty.
Source: BSE
