FMC nod for appointment of two independent directors on MCX board

NEW DELHI: Commodity markets regulator FMC today approved the appointment of Arun Nanda and SK Mitra as independent directors on the board of MCX.

FMC has approved the appointment of Arun Nanda and S K Mitra as Independent Directors on the board of the company, MCX said in a BSE filing.

Besides them, two other directors on the board of company -- Satyananda Mishra who is also the Chairman and G Anantharaman -- are also independent directors.

Dinesh Kumar Mehrotra, Santosh Kumar Mohanty and Pravin Tripathi are FMC nominated directors on the board.

While, AK Prabhu, R Amalorpavanathan and Ajai Kumar are shareholder directors on the board.

Parveen Kumar Singhal, who is Joint Managing Director of the company, is also on its board.

MCX has also requested regulator Sebi that it may be allowed to hold up to 15 per cent stake in Metropolitan Stock Exchange (MSXI) and be granted extension till December 31 to hold its warrants.

For the fourth quarter ended March 31, Multi Commodity Exchange (MCX) reported 12.68 per cent increase in consolidated net profit at Rs 49.30 crore.