Wholly owned subsidiary MCX Mineral Exchange of India Limited incorporated
MCX has incorporated a public company, MCX Mineral Exchange of India Limited, as its wholly owned subsidiary on October 16, 2026.
By ScoutQuest · · 1 min read
- Subsidiary Incorporated
- MCX Mineral Exchange of India Limited
- Date of Incorporation
- October 16, 2026
- Ownership Status
- wholly owned subsidiary
What was intimated
- A public company under the Companies Act, 2013 has been incorporated on October 16, 2026.
- Its name is MCX Mineral Exchange of India Limited.
- It is a wholly owned subsidiary of Multi Commodity Exchange of India Ltd.
- The intimation is dated October 17, 2026 and was sent to the Listing Department of BSE, where the parent's scrip code is 534091 and scrip ID is MCX.
Tied to an earlier notice
The letter says it is in continuation of the company's intimation dated August 12, 2026. The company states that the details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with a SEBI circular dated January 30, 2026, were already disclosed in that August 12, 2026 letter. It adds that the same information will also be available on the company's website.
What a wholly owned subsidiary means
- It is a separate legal entity, registered with its own corporate identity, in which the parent holds the entire ownership.
- Being a separate company, its accounts are reported along with the parent's consolidated accounts.
- Registering the entity is a corporate/administrative step; the entity's operations begin separately.
How a reader can look at it
The event is the registration of a new group company under a name linked to minerals. The letter identifies the entity, the date of incorporation and its status as a wholly owned subsidiary, and points back to the earlier August 12, 2026 intimation for the prescribed details.
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