MCX Multi Commodity Exchange of India : Outcome of Board Meeting

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MCX!SEC/1618

January 15, 2019

The Dy. General Manager

Corporate Relations & Service Dept., BSE Limited,

P.J. Towers,

Dalal Street, Mumbai 400 001

Scrip Code: 534091, Scrip Name: MCX

Sub.: Outcome of Board Meeting - Tuesday, January 15, 2019 - Approval of Un- Audited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2018.

Dear Sir,

Pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Board of Directors of the Company at its meeting held today, inter-a/ia, approved:

1. the Un-Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended December 31, 2018;

• 2. increase in the total Foreign Investments in the Company up to the prescribed sectora! cap of 49%, subject to necessary approvals;

• 3. that the position of Chief Regulatory Officer(CRO) and Chief Technology Officer (CTO)/Chief Information Officer (CIO) of the Company shall not be considered as KMP in terms of the Companies Act, 2013 w.e.f. January 15, 2019;

• 4. change in KMPs authorized for determining the materiality of any event or information and for the purpose of making the necessary disclosures to Stock Exchange as mentioned below:

S. No.

Designation of the KMP

• 1 MD&CEO

Contact details Phone: [phone]

2

Chief Financial Officer Company Secretary

Email id: jgrncmcxindia.com

MULTI COMMODITY EXCHANGE OF INDIA LTD.

EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIATEL: [phone], FAX: [phone],www.mcxindia.com CIN: L51909MH2002PLC135594,[e-mail]

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5. to conduct a postal ballot for seeking the approval of the shareholders for the following businesses;

• i. Approval for the amount already paid and to be paid as ex-gratia to Mr.

  Mrugank Paranjape, MD & CEO of the Company.

• ii. Approval for increase in total limit of foreign investment in the Company upto the prescribed sectoral cap of 49%.

Shareholders whose names appear on the register of members / list of beneficial owners as on Friday, January 18, 2019 (cut-off date), will be considered for the purpose of voting through Postal Ballot and/E-voting.

Mr. Prasen Naithani, Practicing Company Secretary, of M/s P. Naithani & Associates, Company Secretaries, Mumbai has been appointed as the Scrutinizer for conducting the said Postal Ballot process in a fair and transparent manner.

The meeting of the Board of Directors commenced at 12:00 noon and concluded at 03:15

P.M.

We hereby enclose the following:

1. Copy of the Un-Audited Financial Results (Standalone & Consolidated) of the

Company for the quarter and nine months ended December 31, 2018.

2. Limited Review Report issued by the Statutory Auditors of the Company.

Kindly take the above information on record.

Thanking you,

Yours faithfully,

For Multi Commodity Exchange of India Limited

A

Aj. Puf

Company Secretary

End: a/a

ON : 151909MH2002PLC135594; E-mail :[e-mail]; Website: www.mcxindia.com

STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMB

( in Lakh, except per share data)

Standalone

Sr.

No.

Particulars

.

1 Income from operations

• 2 Other Income

• 3 Total Income (1+2)

• 4 Expenses: a)Employee benefits expense b)Clearing and Settlement expense c)Software support charges and product license fees d)Computer technology and communication expenses e)Depreciation and amortisation expense f)Finance costs g)Other expenses Total Expenses

• 5 Profit before exceptional items and tax (3-4)

• 6 Exceptional Items

• 7 Profit before tax (5-6)

• 8 Tax expenses: a)Current tax b)Excess provision for tax relating to previous years written back c)Deferred tax

  Total Tax expenses

Unaudited

31-12-18

Quarter ended 30-09-2018 Unaudited

7,617 2,885 10,502

7,087 6,281 1,929 1,200 9,016 7,481

1,526 915 1,253 471 377 - 1,463 6,005

1,628 1,687

296

1,327 1,203 488 569 379 346

-

• 1,062 1,232

• 5,180 5,037

  4,497

• 3,836 2,444

-

-

4,497 3,836

762 836 - (259)

(71) (126) 187

691 451 664

9 Net Profit after tax (7-8) 3,806 3,385 1,780

10

Other Comprehensive Income

Items that will not be reclassified to profit or loss (net of tax)

• a) Changes in fair value of Equity instruments

• b) Remeasurement of Employee benefits obligations

- (210)

(9) 18

Other Comprehensive Income (net of tax) (9) (192)

• 11 Total Comprehensive Income (9+10) 3,797 3,193

• 12 Paid-up Equity Share Capital

(Face Value of

• 13 Other equity

  10/- each)

• 14 Earnings per share*

  • a) Basic ()

  • b) Diluted ()

  * Earnings per share for the interim periods is not annualised.

5,099.84

5,099.84

-

-

7.48 6.66

7.48 6.66

Year ended
31-12-18	31-12-17	31-03-18
Unaudited	Unaudited	Audited
21,991	18,926	25,984
5,815	6,221	8,636
27,806	25,147	34,620
4,955	5,246	6,796
1,211	-	-
3,969	3,606	4,944
1,469	1,797	2,291
1,123	1,306	1,666
1	-	-
3,526	3,256	4,521
16,254	15,211	20,218
11,552	9,936	14,402
2,380	-	-
9,172	9,936	14,402
1,761	1,938	2,836
(259)	-	-
(137)	759	931
1,365	2,697	3,767
7,807	7,239	10,635
(210)	(126)	259
32	11	(14)	6
32	(199)	(140)	265
1,812	7,608	7,099	10,900
5,099.84	5,099.84	5,099.84	5,099.84
-	-	-	132,527
3.50	15.35	14.23	20.91
3.50	15.35	14.23	20.91

-

Nine Months ended

31-12-17

Unaudited

--

-

2,444

477 -

Notes:

1. The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 15, 2019.

2. The above Standalone Financial results for the quarter and Nine Months ended December 31, 2018 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.

3.

Effective from April 1, 2018, the Company has adopted nd AS 115 "Revenue from contracts with customers" using the cumulative effect method. The standard is applied retrospectively only to contracts that are not completed as at the date of initial application and the comparative information is not restated in the Interim statement of profit and loss. The adoption of the standard did not have any material impact to the financial statements of the Company.

4, The SGF norms vide SEBI circular dated August 27, 2014 prescribes at least 25% of the Minimum

Required Corpus for the Exchange. Accordingly, appropriate contributions has been made by the Exchange as on December 31, 2018.

5. The Company's business activity falls within a single segment viz. Commodity Exchange and hence has only one reportable Operating segment as per Ind AS 108 - Operating Segments.

6.

Previous period/year's figures have been regrouped/reclassified wherever necessary to conform to current period's/year's figures.

For Multi Commodity Exchange of India Limited

Place: Mumbal

Date: January 15, 2019

Mrugank Paranjape Managing Director & CEO

LI C 7

'°95741,VI*

Ic:,

CIN : L51909M H2002PLC135594; E-mail :[e-mail]; Website: www.mcxindia.com

STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEM

Sr.

No.

Particulars

• 1 Income from operations

• 2 Other Income

• 3 Total Income (1+2)

• 4 Expenses: a)Employee benefits expense b)Software support charges and product license fees c)Computer technology and Communication expenses d)Depreciation and amortisation expense e)Finance costs f)Other expenses Total Expenses

• 5 Profit before exceptional items,Share of Profit of Associate and tax (3-4)

• 6 Exceptional Items

• 7 Profit before tax and Share of Profit of Associate

• 8 Share of Profit of Associate

• 9 Profit before tax (7+8)

• 10 Tax Expenses a)Current tax b)Excess provison for tax relating to prior years written back c)Deferred tax

  Total Tax expense

• 11 Net Profit after tax (9-10)

12

Other Comprehensive Income

Items that will not be reclassified to profit or loss (net of tax)

• a) Changes in fair value of Equity instruments

• b) Remeasurement of Employee benefits obligations

Other Comprehensive Income (net of tax)

• 13 Total Comprehensive Income (11+12)

  Quarter ended

  31-12-18

  30-09-18

  Unaudited 7,693 3,217 10,910

  Unaudited 7,110 2,217 9,327

  1,769 1,630 572 384 - 1,626 5,981

  1,743 1,451 515 381 -

  1,111 5,201

  4,929 -

  4,126 -

  • 4,929 4,126

  22

  ( in Lakh, except per share data)

  Consolidated

  31-12-17

  Unaudited 6,281 1,371 7,652

  1,687 1,203 577 346 - 1,278 5,091

  2,561

  -

  - 2,561 -

  4,951

  • 4,126 2,561

    829 - (77) 752

    Nine Months ended

    31-12-18

    31-12-17

    Unaudited 22,090 6,689 28,779

    Unaudited

    18,927 25,984 6,602 9,202 25,529 35,186

    5,367 4,470 1,598 1,131 1 3,777 16,344

    • 5,246 6,821

    • 3,606 4,944

    • 1,804 2,291

    • 1,306 1,666

      -

    • 3,381 4,742

    • 15,343 20,468

      12,435

    • 10,186 14,718

    2,380

    -

    • 10,055 10,186

    22

    Year ended

    31-03-18 Audited

    4

    -

    - 14,718 -

    10,077

    • 10,186 14,718

      919 (259) (127) 533

      464 - 220 684

      4,199

      1,958 (259) (146)

    • 1,938 2,943

    1,553

    - 826 2,764

    #REFl 939 #REF!

    3,593

    1,877

    - (19)

    8,524

    7,422

    #REFI

    (210)

    -

    (19)

    (210)

    (267) 118

    16 (194)

    32 32

    4,180

  • 3,399 1,909

  (2)

  (14) 6

  (212)

  (281) 124

  8,312

  7,141 #REFI

• 14 Paid-up Equity Share Capital

  (Face Value of

• 15 Other equity

  10/- each)

• 16 Earnings per share*

  • a) Basic ()

  • b) Diluted ))

  * Earnings per share for the interim periods is not annualised.

5,099.84

5,099.84

5,099.84

5,099.84

5,099.84

5,099.84

-

-

-

-

- 132,948

8.26 8.26

7.06 7.06

3.69 3.69

16.76 16.76

• 14.59 21.31

• 14.59 21.31