MCX shareholders approve P K Singhal's appointment as Joint MD

NEW DELHI: Commodity bourse MCX today said its shareholders have approved the appointment of P K Singhal as Joint Managing Director of the bourse for three years.

Shareholders have approved all the 15 resolutions with requisite majority. MCX's Executive Vice-President P K Singhal has been given the charge of MD and he has also been appointed as a director on board of the company, MCX said in a filing to BSE.

MCX called its annual general meeting today where shareholders' approval was sought for appointing Singhal as Joint Managing Director along with other resolutions.

Singhal was also appointed as director of the bourse. In the meeting, shareholders also approved the appointment of six more directors, including Satyananda Mishra and Ganesa Iyer Anantharaman as independent directors and Manjueshwar Ananthakrishna, Balkrishna Vinayak Chaubal, R Amalorpavanathan as shareholder directors.

Besides, Ajai Kumar has been appointed as director of the company.

Earlier, Kotak Mahindra Bank had acquired 15 per cent stake in MCX for Rs 459 crore from Jignesh Shah-led FTIL.

Shares of MCX closed 0.51 per cent down at Rs 824.05 apiece on the BSE today.