The National Commodity & Derivatives Exchange (NCDEX) announced on Thursday that the Securities and Exchange Board of India (SEBI) has extended the tenure of Managing Director and Chief Executive Officer Arun Raste until August 30, 2026, or until a successor is appointed, whichever comes first.
In financial results for the March quarter, NCDEX reported a consolidated net loss of ₹9.1 crore, an increase from a loss of ₹7.8 crore in the previous quarter. In contrast, the exchange recorded a profit of ₹241.25 crore during the same quarter a year prior.
Total income for the quarter rose to ₹45.1 crore, compared to ₹39.1 crore a year earlier and ₹46.6 crore in the preceding quarter. Total expenses increased to ₹62.1 crore from ₹50.8 crore in the same quarter last year and ₹56.9 crore in the December quarter.
The exchange noted that restrictions on new positions and the launch of new contracts in several key commodities continue to impact transaction charge revenues. To address these challenges, NCDEX plans to diversify its offerings by introducing more commodity products and expanding into the equity segment. The exchange has received in-principle approval from SEBI to initiate a mutual fund platform and to pursue entry into the equity and equity derivatives segment.
Employee benefits constituted the largest expense, amounting to ₹31.1 crore in the March quarter, followed by technology expenses at ₹13 crore and other expenses totaling ₹11.1 crore.
For the fiscal year ending in March 2026 (FY26), NCDEX reported a consolidated net loss of ₹44.2 crore, a significant decline from a net profit of ₹237.5 crore recorded in FY25. Total income for FY26 rose to ₹153.4 crore from ₹122.1 crore the prior year. However, total expenses also increased to ₹219.9 crore, up from ₹197 crore, which adversely affected profitability.
Published on May 14, 2026.
