BSECompany Update30 Sept 2026 · 30 Sept 2026, 08:53 pm
Show Cause Notice received from GST Department
Multi Commodity Exchange of India Ltd · 534091
✦ AI SummaryRegulatory
Multi Commodity Exchange of India Ltd has received a Show Cause Notice from the GST Department for alleged non-payment or short payment of tax and wrongful availing or utilisation of input tax credit for the Financial Year 2022-23. The company is in the process of responding to the notice and believes it has a strong case on factual grounds.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10
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Multi Commodity Exchange of India Ltd - 534091 - Show Cause Notice Received From GST Department
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MCX/SEC/2765 September 30, 2026
Listing Department
BSE Limited,
P.J. Towers,
Dalal Street, Fort
Mumbai 400001.
Scrip Code: 534091, Scrip Name: MCX
Sub: Intimation under Regulation 30 read with Para A of Part A of Schedule III of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir,
Pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the
Exchange has received a Show Cause Notice (SCN) dated September 29, 2026, under section 73(1) of
CGST/MGST Act, 2017 in Form GST DRC – 01, from the GST Department. Company is in the process
of responding to it.
The required details under SEBI Circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026
dated January 30, 2026, are enclosed as Annexure A.
We request you to take the above information on record.
Thanking you,
Yours faithfully,
For Multi Commodity Exchange of India Limited
Manisha Thakur
Company Secretary
Encl: a/a
MULTI COMMODITY EXCHANGE OF INDIA LTD.
EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIA. TEL: +91-22-6731 8888, FAX: +91-22-66494151, www.mcxindia.com
CIN: L51909MH2002PLC135594, info@mcxindia.com
ClassificPautbiolinc : Public
Annexure A
Name(s) of the Authority Goods & Services Tax (GST) Department
Nature and details of the action(s) taken, The GST Department has issued an SCN proposing
initiated or order(s) passed to levy penalty of Rs.5,40,84,259/- on the Company,
under Section 73(9) of CGST/MGST Acts, 2017
alleging that tax has not been paid, or has been short
paid, and/or input tax credit has been wrongly availed
or utilised for the Financial Year 2022-23.
As per the said SCN in form- DRC - 01, the GST
Department is also proposing to demand tax of Rs.
54,08,42,587/- and levy interest of Rs. 43,82,15,854.
Date of receipt of direction or order, September 29, 2026 – GST DRC-01
including any ad interim or interim
orders, or any other communication
from the authority
Details of the violation(s) / The GST department has alleged that tax has not been
contravention(s) committed or alleged to paid, or has been short paid, and/or input tax credit
be committed has been wrongly availed or utilised for the Financial
Year 2022-23.
Impact on financial, operation or other Company is in the process of responding to the SCN
activities of the listed entity, before the appropriate authorities.
quantifiable in monetary terms to the
There is no material impact on financial, operation or
extent possible
other activities of the company. Further, the Company
believes that it has a strong case on factual grounds
and is in the process of filing a response to the SCN.
MULTI COMMODITY EXCHANGE OF INDIA LTD.
EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIA. TEL: +91-22-6731 8888, FAX: +91-22-66494151, www.mcxindia.com
CIN: L51909MH2002PLC135594, info@mcxindia.com
ClassificPautbiolinc : Public