MCX-SX, the currency & equity trading platform of MCX, has refuted the recent reports of its board members quitting, and stressed that its upcoming board is not an 'emergency' meeting.

In an early morning release today, MCX-SX terms termed media reports that claimed some of its board members are quitting as 'speculative and pre-emptive.' It also claimed that its board meeting, which is scheduled to take place later today, was planned nearly a month ago.

The country's newest stock exchange said in the release, "It would be speculative to pre-empt resignation of all PIDs (public interest directors) and we would request to refrain from rumours and await the announcement post the board meeting."

On Thursday, PTI had reported that MCX-SX's chairman G K Pillai, along with other PIDs, was resigning as the Central Bureau of Investigation (CBI) has launched a probe into the grant of license to the exchange five years back.

Meanwhile, CBI, which is investigating Sebi's decision to approve MCX-SX in 2008 and renew recognition in 2009 and 2010, has registered a preliminary enquiry against former Sebi chief C B Bhave and former Sebi member K M Abraham.

The stock exchange added that in the case of other companies, shareholders would nominate new members and the regulator would appoint independent directors if any such need arises.

MCX-SX was set up by Jignesh Shah-led MCX and Financial Technologies India Ltd (FTIL); with both owning 5 per cent stake each in MCX-SX along with additional warrants amounting to 69 per cent stake on conversion.