MCX levies monetary penalties of ₹28,10,300 over alleged abnormal/non-genuine client trades
MCX levied monetary penalties totalling ₹28,10,300 on the company over certain client transactions construed as abnormal/non-genuine trades.
- Aggregate Penalty Amount
- ₹28,10,300
- Penalty Levied By
- MCX (Multi Commodity Exchange of India Ltd.)
- Date of Receipt of Communication
- October 9, 2026
What happened
MCX (Multi Commodity Exchange of India Ltd.) levied aggregate monetary penalties of ₹28,10,300 on IIFL Capital Services Ltd. The company received the communication on October 9, 2026, and intimated the exchanges the same day.
The penalties were levied through separate emails, in connection with certain client transactions which MCX construed as abnormal/non-genuine trades, alleged to be in violation of Exchange Circular No. MCX/S&I/324/2018 dated August 20, 2018.
Break-up of the aggregate
- ₹6,57,375
- ₹1,79,625
- ₹1,68,080
- ₹5,20,000
- ₹1,01,000
- ₹4,73,220
- ₹7,11,000
Who bears the amount
The update states the aggregate monetary penalties shall be recovered from the concerned clients.
Impact as stated by the company
Apart from the monetary penalty, there is no material impact on the financial, operational or other activities of the company.
The disclosure
The company has set out, in a tabular format, the name of the authority (MCX), the nature and details of the action, the date of receipt of the communication, the alleged violation and the impact on the company.
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More numbers
- Aggregate monetary penalties levied by MCX₹28,10,300
- Penalty component 1 of 7₹6,57,375
- Penalty component 2 of 7₹1,79,625
- Penalty component 3 of 7₹1,68,080
- Penalty component 4 of 7₹5,20,000
- Penalty component 5 of 7₹1,01,000
- Penalty component 6 of 7₹4,73,220/-
- Penalty component 7 of 7₹7,11,000
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