Multi Commodity Exchange of India (MCX) has established and maintains an Investor Protection Fund-'Multi Commodity Exchange Investor (Client) Protection Fund' (MCX IPF), with the objective of compensating investors in the event of defaulters' assets not being sufficient to meet the legitimate/admitted claims of investors. It also promotes investor education and awareness to enhance literacy, participation in the commodity derivatives market and utilized for such other purpose as mandated / prescribed by the Securities and Exchange Board of India (SEBI).

The maximum amount of compensation available against a single claim of an investor arising out of default of a member of exchange is presently Rs.0.2 million besides the maximum available compensation being Rs 20 million per defaulter member.

The exchange in consultation with IPF Trust has reviewed the present limits of compensation and has decided to revise as follows:

> The maximum amount of compensation available against a single claim of an investor is enhanced to Rs 25 Lakh.

> The restriction in the form of maximum available compensation of Rs 20 million, payable against the claims, of all investors, that is crystallized against a defaulter member, is removed.

> The above revisions are applicable to only the claims arising from clients of SEBI registered member where the declaration of default of such member is on or after January 24, 2018.

However, the pre-revision maximum amount of compensation available shall continue to be applicable upon all claims against members where the declaration of default of member is prior to January 24, 2018 as well in case of non-SEBI registered members.

Shares of the company declined Rs 22.6, or 2.97%, to trade at  Rs 738.25.  The total volume of shares traded  was  14,912 at the BSE (10.20 a.m., Friday).