Snapshot of activities

A. Interview

Sr. no Spokesperson Publication Headline Details 1 Mr. Samir Business The Marathon Man Coverage in March Shah issue 2 Mr. Samir Nafa Nuksan Views of Mr. Samir Coverage appeared Shah Shah on 01st March, 2015

B. Participation in Post-budget stories

Print:

Sr. No Date Publication Edition 1 01.03.15 All 2 01.03.15 Mumbai & 3 01.03.15 Hindu All 4 01.03.15 All 5 01.03.15 All 6 01.03.15 Vyapar Mumbai 7 01.03.15 Mumbai 8 01.03.15 Prabhat Daily Ahmedabad 9 01.03.15 Ahmedabad 10 01.03.15 NavGujarat Samay Pune 11 01.03.15 Divya Bhaskar Ahmedabad 12 01.03.15 Daily News & Analysis Ahmedabad 13 01.03.15 The Economic Times Ahmedabad (Gujarati) 14 01.03.15 Nafa Nuksan Indore 15 01.03.15 Kolkata 16 02.03.15 Financial Express Mumbai & Pune 17 02.03.15 Guardian Ahmedabad 18 03.03.15 Financial Express Mumbai & Chandigarh 19 03.03.15 Janmabhoomi Mumbai

20 03.03.15 Ahmedabad 21 03.03.15 Nafa Nuksan Indore

22 04.03.15 Metro Herald Ahmedabad 23 05.03.15 Gujarat Niti Ahmedabad 24 09.03.15 The Mumbai

Online:

Sr. No Date Website Headline Link 1 01.03.1 business- FMC-Sebi merger http://www.business- 5 standard.com was needed: Samir standard.com/budget/articl Shah e/fmc-sebi-merger-was- needed-samir-shah-

115022801359_1.html 2 01.03.1 mydigitalfc.com Sebi, FMC to be http://www.mydigitalfc.co 5 merged for m/news/sebi-fmc-be- regulating capital merged-regulating-capital-

& commodity commodity-markets-397 markets 3 03.03.1 financialexpress.co Budget gives http://www.financialexpres 5 m policy boost to s.com/article/markets/com commodity market modities/budget-gives- policy-boost-to-

commodity-market/49666/ 4 28.02.1 newsvoir.com Views of Mr. Samir http://www.newsvoir.com/r 5 Shah, MD & CEO, elease/views-of-mr-samir- NCDEX on the shah-md-ceo-ncdex-on- Union Budget the-union-budget-2015-

2015-16 16-3512.html 5 01.03.1 news-pr.in Views of Mr. Samir https://www.news- 5 Shah, MD & CEO, pr.in/views-mr-samir- NCDEX on the shah-md-ceo-ncdex- Union Budget union-budget-2015- 2015-16 16.html C. Press Releases

Sr. no Headline Details 1 Guar and Chana star performers on NCDEX with Issued on March 04, vol. rise of 154% and 93% yoy in February-15 2015

2 NCDEX launches Sugar S futures contract for Issued on March 17, better efficiency in hedging 2015

A. Interview

Publication : Business India Issue: March Spokesperson: Mr. Samir Shah

Publication : Nafa Nuksan Edition : Indore Date : March 01, 2015 Page: 3

Publication : Nafa Nuksan Edition : Indore Date: 01 March, 2015 Spokesperson: Mr. Samir Shah

B. Coverage on post- budget participation

Publication : The Economic Times Edition : All Date : March 01, 2015 Page: 3

Publication : Business Standard Edition : Mumbai & Ahmedabad Date : March 01, 2015 Page: 5

Publication : Business Line Edition : All Date : March 01, 2015 Page: 20

Publication : Mint Edition : All Date : March 01, 2015 Page: 3

Publication : Financial Chronicle Edition : All Date : March 01, 2015 Page: 5

Publication : Vyapar Edition : Mumbai Date : March 01, 2015 Page: 11

Publication : Divya Bhaskar Edition : Mumbai Date : March 01, 2015 Page: 9

Publication : Prabhat Daily Edition : Ahmedabad Date : March 01, 2015 Page: 6

Publication : Phulchhab Edition : Ahmedabad Date : March 01, 2015 Page: 5

Publication : NavGujarat Samay Edition : Pune Date : March 01, 2015 Page: 3

Publication : Divya Bhaskar Edition : Ahmedabad Date : March 01, 2015 Page: 5

Publication : Daily News & Analysis Edition : Ahmedabad Date : March 01, 2015 Page: 2

Publication : The Economic Times Edition : Ahmedabad Date : March 01, 2015 Page: 3

Publication : The Statesman Edition : Kolkata Date : March 01, 2015 Page: 3

Publication : The Financial Express Edition : Mumbai & Pune Date : March 02, 2015 Page: 6

Publication : Gujarat Guardian Edition : Ahmedabad Date : March 02, 2015 Page: 5

Publication : The Financial Express Edition : Mumbai Date : March 03, 2015 Page: 10

Publication : Janmabhoomi Edition : Mumbai Date : March 03, 2015 Page: 2

Publication : Standard Herald Edition : Ahmedabad Date : March 03, 2015 Page: 7

Publication : Herald Young Leader Edition : Ahmedabad Date : March 03, 2015 Page: 11

Publication : Gujarat Niti Edition : Ahmedabad Date : March 05, 2015 Page: 3

Publication : The Bombay Samachar Edition : Mumbai Date : March 09, 2015 Page: 3

Online:

Website: business-standard.com Date : March 01, 2015 Headline: FMC-Sebi merger was needed: Samir Shah

The Budget has put forth an enabling environment for the growth of commodity markets. The Forward Markets Commission's (FMC's) merger with the Securities and Exchange Board of India (Sebi) addresses the long-awaited need to strengthen the regulation of commodity markets. This will pave the way for widening the scope of participation by banks, foreign institutional investors, mutual funds, etc, in the commodity exchanges.

With the adoption and application of the Securities Contracts Regulation Act, the introduction of a wide array of financial instruments like options and indices in the nascent commodity derivatives market now seem possible. This also means that commodity markets will align with the functioning of the securities markets. While the development is positive for the financial markets, the role of agriculture commodity derivatives in the developing economy will have to be taken into consideration and given due importance.

Another important area that has been given its due is the creation of a national market for agricultural produce. The Budget recognised that farmers needed to be incentivised through realisation of reasonable price for agricultural production, and the reiteration of the creation of Unified Market Platform validates the government's resolution. This is a welcome move and vindicates NCDEX's stand.

______Samir Shah

MD & CEO, NCDEX

Website: mydigitalfc.com Date : March 01, 2015 Headline: Sebi, FMC to be merged for regulating capital & commodity markets

The capital and commodity markets will be regulated by a single watchdog following Union finance minister Arun Jaitley’s announcement in his Budget speech about the merger of the Forward Markets Commission (FMC) and the Securities and Exchange Board of India (Sebi).

The decision to merge the commodity regulator FMC and the equity market regulator Sebi is based on the recommendation of the Financial Sector Legislative Reforms Commission (FSLRC) in the aftermath of the Rs 5,600 crore NSEL scam.

Following the scam at the National Spot Exchange of India (NSEL) FMC was brought under the finance ministry from the consumer affairs ministry in 2013

Jaitley said in his Budget speech the government proposed to merge the FMC with the Sebi to strengthen regulation of commodity forward markets and reduce wild speculation.

“The merger reiterates the need for parity in regulations of similar products, which was a key recommendation of the FSLRC. This would remove regulatory arbitrage and bring up regulatory norms in commodity derivatives market to the level of those prevailing in securities markets,” says M S Sahoo, former Sebi whole-time director. Welcoming the merger proposal, NCDEX managing director Samir Shah said, “It is the biggest announcement for the commodity markets. It was long anticipated. The Sebi is arespected and autonomous organisation and merging FMC with it will solve many problems. While this would enable full implementation of the provisions of FCRA, Sebi needs to build its commodity capacity and expertise.”

It is felt that the merger will reduce duplication of regulation as most the players have operation in commodity and securities markets. The government proposed to amend the Securities Act and the RBI Act in the Finance Bill, 2015, Jaitley said.

This proposal is likely to bring convergence in regulation of various financial markets like securities, commodities and currency derivatives, says Hareesh V, research head, Geofin Comtrade. “Easier tracking of cross linkage of money flow into such markets may be facilitated. This will lead to implemention of the long pending FCRA amendment bill. For brokers, substantial savings in costs are anticipated as separate setups for regulatory compliances may not be required,” Hareesh said. Mumbai-headquartered FMC was set up in 1953 under the Forward Contracts (Regulation) Act (FCRA) as a statutory body under the aegis of Consumer Affairs Ministry which earlier only regulated regional commodity exchanges and its role was expanded after the emergence of national electronic trading platform in early 2000.

NMCE managing director Anil Mishra said whether the merger is “good or bad” could be figured out only after seeing what actions are taken on the ground. “If they are able to introduce products like options and allow participation of foreign institutions and mutual funds in the commodities market then it will be good. These can be introduced without FCRA amendments by Sebi. However, if they copy the equity markets to regulate the commodity markets then it will be detrimental,” he added.

Website: financialexpress.com Date : March 03, 2015 Headline: Budget gives policy boost to commodity market

Budget has given a policy boost to commodity markets. The repeal of the FCRA and introduction of commodity derivatives under the definition of securities in the SCRA answer the long-awaited requirement of empowered regulation of commodity markets. This will pave the way for deepening of the commodity markets through participation of banks, FIIs and mutual funds. The introduction of options and indices has been enabled through the adoption and the application of the SCRA. This also means that the commodity market will now align with the way the securities markets function.

It’s a game changing move for the commodity markets. The investors should feel more safe and confident to participate in a much bigger way in commodities markets. The commodity markets have come a long way under the able regulation by the Forward Markets Commission. We are confident that the changes will benefit the commodity markets quite significantly.

Another important area that has been given its due in the budget is the creation of a national market for agricultural produce. The Budget recognizes that farmers need to be incentivised through realization of reasonable prices for agricultural production and re-emphasis on creation of Unified Market Platform (UMP) validates the government’s resolution in this regard.

India has close to 7,114 regulated markets, including 2,483 main market yards and 4,631 sub-market yards. Creating a national market for agriculture would help remove market distortions and create a level playing field for stakeholders, promote efficiency. It will remove bottlenecks in the supply side, as it would allow a company/ buyer to work across the states, and will help farmers realise increased returns.

The UMP brings the international best practices to offer risk management and trade fulfillment processes for spot markets in the state. NCDEX has already been working towards this aspect to create “one state one market” using the UMP. This was introduced by ‘Rashtriya e-markets and Services Private in February 2014, a joint venture company of NeML and the Karnataka government, which is driving the efficiency of spot transactions by facilitating interconnection of state-wide APMCs.

Additionally, GST implementation within the year will be a big plus in creating National farm market. GST is expected to take care of the twin problem of cascading as well as multiple rates across different states.

The other positive move has been encouraging domestic supply of gold which has been endorsed in the Budget 2015-16. Introduction of gold monetisation scheme will provide the much needed impetus to the jewellery industry while offering interest income to gold depositors.

Floating of the sovereign gold bond will help capture the increasing investment demand for gold without creating the need to physically hold the gold. While there is no clarity regarding the platform on which this bond would be floated, it would certainly create additional opportunities to hedge in gold. Commencement of work on developing India branded gold coin is in sync with the government’s ‘Make in India’ campaign.

By Samir Shah

The author is managing director, NCDEX. Views expressed are personal.

Website: newsvoir.com Date : March 01, 2015 Headline: Views of Mr. Samir Shah, MD & CEO, NCDEX on the Union Budget 2015-16

Mr. Samir Shah, MD & CEO, NCDEX on the Union Budget

“The repeal of the FCRA and introduction of commodity derivatives under the definition of securities in the SCRA answers the long awaited requirement of empowered regulation of commodity markets. This will pave the way for deepening of the commodity markets through participation of banks, FIIs and MFs. The introduction of options and indices has been enabled through the adoption and the application of the SCRA. This also means that the commodity market will now align with the way the securities markets function.

It’s a game changing move for the commodity markets. The investors should feel more safe and confident to participate in a much bigger way in commodities markets. The commodity markets in India have come a long way under the able regulation by the Forward Markets Commission. We are confident that the changes will benefit the commodity markets quite significantly.”

Website: news-pr.in Date : February 28, 2015 Headline: Views of Mr. Samir Shah, MD & CEO, NCDEX on the Union Budget 2015-16

Mr. Samir Shah, MD & CEO, NCDEX on the Union Budget

2648_NCDEX“The repeal of the FCRA and introduction of commodity derivatives under the definition of securities in the SCRA answers the long awaited requirement of empowered regulation of commodity markets. This will pave the way for deepening of the commodity markets through participation of banks, FIIs and MFs. The introduction of options and indices has been enabled through the adoption and the application of the SCRA. This also means that the commodity market will now align with the way the securities markets function.

It’s a game changing move for the commodity markets. The investors should feel more safe and confident to participate in a much bigger way in commodities markets. The commodity markets in India have come a long way under the able regulation by the Forward Markets Commission. We are confident that the changes will benefit the commodity markets quite significantly.”

Press release: Guar and Chana star performers on NCDEX with vol. rise of 154% and 93% yoy in February-15

Print:

Sr. No Date Publication Edition 1 05.03.15 Pune

2 05.03.15 The Economic Times Mumbai (Gujarati)

3 05.03.15 Chakde Gujarat Ahmedabad 4 05.03.15 Marwad Mitra Ahmedabad 5 05.03.15 Mahanagar Metro Ahmedabad 6 05.03.15 Vyapar Mumbai 7 09.03.15 Metro Herald Ahmedabad Online:

Sr. No Date Website Headline Link 1 04.03.1 money.livemint.c Chana futures trade http://money.livemint.c 5 om higher on NCDEX om/news/commodity/c ommentary/chana- futures-trade-higher- on-ncdex--

362934.aspx 2 04.03.1 news.delhionline.i Guar and Chana Star http://news.delhionline 5 n Performers on NCDEX .in/Press- with Vol. Rise of 154% Releases/Guar-and- and 93% Yoy in Chana-Star- February-15 Performers-on-NCDEX- with-Vol-Rise-of-and-

Yoy-in-February-3440 3 04.03.1 apnnews.com Guar and Chana star http://www.apnnews.co 5 performers on NCDEX m/2015/03/04/guar- with vol. rise of 154% and-chana-star- and 93% yoy in performers-on-ncdex- February-1 with-vol-rise-of-154- and-93-yoy-in- february-1/ 4 04.03.1 newsvoir.com Guar and Chana Star http://www.newsvoir.co 5 Performers on NCDEX m/release/guar-and- with Vol. Rise of 154% chana-star- and 93% Yoy in performers-on-ncdex- February-15 with-vol-rise-of-154- and-93-yoy-in-

february-15-3564.html 5 04.03.1 cityairnews.com Guar and Chana star http://cityairnews.com/ 5 performers on NCDEX content/guar-and- with volume rise of chana-star- 154% and 93% yoy in performers-ncdex- February-15 volume-rise-154-and- 93-yoy-february-15 6 04.03.1 news-pr.in Guar and Chana Star https://www.news- 5 Performers on NCDEX pr.in/guar-chana-star- with Vol. Rise of 154% performers-ncdex-vol- and 93% Yoy in rise-154-93-yoy- February-15 february-15.html

Coverage Report

Print:

Publication : Pudhari Edition : Pune Date : March 05, 2015 Page: 9

Publication : The Economic Times Edition : Mumbai (Gujarati) Date : March 05, 2015 Page: 3

Publication : Chakde Gujarat Edition : Ahmedabad Date : March 05, 2015 Page: 4

Publication : Marwad Mitra Edition : Ahmedabad Date : March 05, 2015 Page: 6

Publication : Mahanagar Metro Edition : Ahmedabad Date : March 05, 2015 Page: 4

Publication : Vyapar Edition : Mumbai Date : March 07, 2015 Page: 8

Publication : Metro Herald Edition : Ahmedabad Date : March 09, 2015 Page: 5

Online:

Website: money.livemint.com Date : March 04, 2015 Headline: Chana futures trade higher on NCDEX

Chana futures were trading higher on NCDEX on concerns over lower output from the major producing belts due to lower sowing acreage. But, weak demand in the domestic market, capped some gains.

The contract for April delivery was trading at Rs 3681.00, up by 0.19% or Rs 7.00 from its previous closing of Rs 3674.00. The open interest of the contract stood at 169430 lots.

The contract for May delivery was trading at Rs 3692.00, up by 0.19% or Rs 7.00 from its previous closing of Rs 3685.00. The open interest of the contract stood at 98380 lots on NCDEX.

Website: news.delhionline.in Date : March 04, 2015 Headline: Guar and Chana Star Performers on NCDEX with Vol. Rise of 154% and 93% Yoy in February-15

Highlights:

• Open Interest: Rs.6106 crore in February 2015; 7% increase as compared to previous month i.e. January 2015.

• Total traded value of Rs.60521 crore with average daily traded value of Rs.2882 crore for the month of February 2015.

• 85864 tonnes quantity delivered through the Exchange platform for the month of February 2015; 106% year on year increase.

• Deliveries in forward segment cross 6000 tonnes mark.

Guar Seed -10 MT & Chana futures continued their good performance on NCDEX, for month of February, 2015 with a year on year growth of 154.54% and 93.23% respectively.

The recently launched forward segment on the exchange platform saw over 6200 tonnes of trade, valued at Rs. 1510 lakh, with over 6000 tonnes delivered through the Exchange platform since inception. In the month of February, 40 tonnes of commodities, valued at over Rs. 45 lakh were traded and 72 tonnes were delivered.

In the futures segment, the open interest for February, 2015 stood at Rs. 6106 crore, showing a 7% increase over the previous month. The ADTV for the month stood at Rs. 2882 crore and 85,864 tonnes of commodities were delivered through the Exchange platform in this month.

For the agri futures segment, the monthly total volume was Rs. 58341 crore, with Chana, Refined Soya Oil and Castor Seed being the highest traded. The total traded volume for Chana was Rs.12480 crore with a year-on-year increase of 93%. The 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 5465 crore, growth of 154.54% year on year.

About NCDEX e Markets Limited (NCDEX Spot Exchange):

NeML is a wholly owned subsidiary of NCDEX –the leading commodities future exchange in India. It is the leading national electronic spot marketplace with active contracts in Maharashtra, Rajasthan, Karnataka, Madhya Pradesh, Gujarat, Kerala, West Bengal, Bihar and Andhra Pradesh. NeML provides electronic markets for trading in a host of commodities, both agricultural and non-agricultural to various market participants. NeML provides a comprehensive service basket including trade-facilitation, collateral management, logistics and supply chain management and clearing and settlement.

Website: apnnews.com Date : March 04, 2015 Headline: Guar and Chana star performers on NCDEX with vol. rise of 154% and 93% yoy in February-1

Mumbai, Guar Seed -10 MT & Chana futures continued their good performance on NCDEX, for month of February, 2015 with a NCDEX Guar and Chana star performers on NCDEX with vol. rise of 154% and 93% yoy in February 1year on year growth of 154.54% and 93.23% respectively.

The recently launched forward segment on the exchange platform saw over 6200 tonnes of trade, valued at Rs. 1510 lakh, with over 6000 tonnes delivered through the Exchange platform since inception. In the month of February, 40 tonnes of commodities, valued at over Rs. 45 lakh were traded and 72 tonnes were delivered.

In the futures segment, the open interest for February, 2015 stood at Rs. 6106 crore, showing a 7% increase over the previous month. The ADTV for the month stood at Rs. 2882 crore and 85,864 tonnes of commodities were delivered through the Exchange platform in this month.

For the agri futures segment, the monthly total volume was Rs. 58341 crore, with Chana, Refined Soya Oil and Castor Seed being the highest traded. The total traded volume for Chana was Rs.12480 crore with a year-on-year increase of 93%. The 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 5465 crore, growth of 154.54% year on year.

Website: newsvoir.com Date : March 04, 2015 Headline: Guar and Chana Star Performers on NCDEX with Vol. Rise of 154% and 93% Yoy in February-15

Highlights:

• Open Interest: Rs.6106 crore in February 2015; 7% increase as compared to previous month i.e. January 2015.

• Total traded value of Rs.60521 crore with average daily traded value of Rs.2882 crore for the month of February 2015.

• 85864 tonnes quantity delivered through the Exchange platform for the month of February 2015; 106% year on year increase.

• Deliveries in forward segment cross 6000 tonnes mark.

Guar Seed -10 MT & Chana futures continued their good performance on NCDEX, for month of February, 2015 with a year on year growth of 154.54% and 93.23% respectively.

The recently launched forward segment on the exchange platform saw over 6200 tonnes of trade, valued at Rs. 1510 lakh, with over 6000 tonnes delivered through the Exchange platform since inception. In the month of February, 40 tonnes of commodities, valued at over Rs. 45 lakh were traded and 72 tonnes were delivered.

In the futures segment, the open interest for February, 2015 stood at Rs. 6106 crore, showing a 7% increase over the previous month. The ADTV for the month stood at Rs. 2882 crore and 85,864 tonnes of commodities were delivered through the Exchange platform in this month.

For the agri futures segment, the monthly total volume was Rs. 58341 crore, with Chana, Refined Soya Oil and Castor Seed being the highest traded. The total traded volume for Chana was Rs.12480 crore with a year-on-year increase of 93%. The 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 5465 crore, growth of 154.54% year on year.

About NCDEX e Markets Limited (NCDEX Spot Exchange):

NeML is a wholly owned subsidiary of NCDEX –the leading commodities future exchange in India. It is the leading national electronic spot marketplace with active contracts in Maharashtra, Rajasthan, Karnataka, Madhya Pradesh, Gujarat, Kerala, West Bengal, Bihar and Andhra Pradesh. NeML provides electronic markets for trading in a host of commodities, both agricultural and non-agricultural to various market participants. NeML provides a comprehensive service basket including trade-facilitation, collateral management, logistics and supply chain management and clearing and settlement.

Website: cityairnews.com Date : March 04, 2015 Headline: Guar and Chana star performers on NCDEX with volume rise of 154% and 93% yoy in February-15

Highlights:

• Open Interest: Rs.6106 crore in February 2015; 7% increase as compared to previous month i.e. January 2015.

• Total traded value of Rs.60521 crore with average daily traded value of Rs.2882 crore for the month of February 2015.

• 85864 tonnes quantity delivered through the Exchange platform for the month of February 2015; 106% year on year increase.

• Deliveries in forward segment cross 6000 tonnes mark.

Guar Seed -10 MT & Chana futures continued their good performance on NCDEX, for month of February, 2015 with a year on year growth of 154.54% and 93.23% respectively.

The recently launched forward segment on the exchange platform saw over 6200 tonnes of trade, valued at Rs. 1510 lakh, with over 6000 tonnes delivered through the Exchange platform since inception. In the month of February, 40 tonnes of commodities, valued at over Rs. 45 lakh were traded and 72 tonnes were delivered.

In the futures segment, the open interest for February, 2015 stood at Rs. 6106 crore, showing a 7% increase over the previous month. The ADTV for the month stood at Rs. 2882 crore and 85,864 tonnes of commodities were delivered through the Exchange platform in this month.

For the agri futures segment, the monthly total volume was Rs. 58341 crore, with Chana, Refined Soya Oil and Castor Seed being the highest traded. The total traded volume for Chana was Rs.12480 crore with a year-on-year increase of 93%. The 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 5465 crore, growth of 154.54% year on year.

About NCDEX e Markets Limited (NCDEX Spot Exchange):

NeML is a wholly owned subsidiary of NCDEX –the leading commodities future exchange in India. It is the leading national electronic spot marketplace with active contracts in Maharashtra, Rajasthan, Karnataka, Madhya Pradesh, Gujarat, Kerala, West Bengal, Bihar and Andhra Pradesh. NeML provides electronic markets for trading in a host of commodities, both agricultural and non-agricultural to various market participants. NeML provides a comprehensive service basket including trade-facilitation, collateral management, logistics and supply chain management and clearing and settlement.

Website: news-pr.in Date : March 04, 2015 Headline: Guar and Chana Star Performers on NCDEX with Vol. Rise of 154% and 93% Yoy in February-15

Highlights:

• Open Interest: Rs.6106 crore in February 2015; 7% increase as compared to previous month i.e. January 2015.

• Total traded value of Rs.60521 crore with average daily traded value of Rs.2882 crore for the month of February 2015.

• 85864 tonnes quantity delivered through the Exchange platform for the month of February 2015; 106% year on year increase.

• Deliveries in forward segment cross 6000 tonnes mark.

Guar Seed -10 MT & Chana futures continued their good performance on NCDEX, for month of February, 2015 with a year on year growth of 154.54% and 93.23% respectively.

The recently launched forward segment on the exchange platform saw over 6200 tonnes of trade, valued at Rs. 1510 lakh, with over 6000 tonnes delivered through the Exchange platform since inception. In the month of February, 40 tonnes of commodities, valued at over Rs. 45 lakh were traded and 72 tonnes were delivered.

In the futures segment, the open interest for February, 2015 stood at Rs. 6106 crore, showing a 7% increase over the previous month. The ADTV for the month stood at Rs. 2882 crore and 85,864 tonnes of commodities were delivered through the Exchange platform in this month.

For the agri futures segment, the monthly total volume was Rs. 58341 crore, with Chana, Refined Soya Oil and Castor Seed being the highest traded. The total traded volume for Chana was Rs.12480 crore with a year-on-year increase of 93%. The 10 MT Guar seed has seen excellent participation; clocking a volume of Rs. 5465 crore, growth of 154.54% year on year.

About NCDEX e Markets Limited (NCDEX Spot Exchange):

NeML is a wholly owned subsidiary of NCDEX –the leading commodities future exchange in India. It is the leading national electronic spot marketplace with active contracts in Maharashtra, Rajasthan, Karnataka, Madhya Pradesh, Gujarat, Kerala, West Bengal, Bihar and Andhra Pradesh. NeML provides electronic markets for trading in a host of commodities, both agricultural and non-agricultural to various market participants. NeML provides a comprehensive service basket including trade-facilitation, collateral management, logistics and supply chain management and clearing and settlement.

Press Release: NCDEX launches Sugar S futures contract for better efficiency in hedging

Print

Sr. No Date Publication Edition 1 18.03.15 The Economic Times (Gujarati) Ahmedabad

2 19.03.15 The Hindu Business Line All 3 19.03.15 Dainik Mumbai

4 19.03.15 Navbharat Mumbai 5 19.03.15 Sandesh Mumbai 6 19.03.15 Standard Herald Ahmedabad 7 19.03.15 Divya Gujarat Ahmedabad 8 19.03.15 Mahanagar Metro Ahmedabad

9 19.03.15 Marwad Mitra Ahmedabad 10 19.03.15 Sandesh Ahmedabad 11 19.03.15 Prabhat Daily Ahmedabad 12 19.03.15 Janmabhoomi Mumbai 13 20.03.15 Vyapar Mumbai

14 23.03.15 Punyanagari Pune 15 27.03.15 Suryakaal Ahmedabad

Online

Sr. No Date Website Headline Link 1 17.03. economictimes.i NCDEX launches http://articles.economicti 15 ndiatimes.com futures contract for mes.indiatimes.com/2015 small-grain sugar -03- 17/news/60212075_1_add itional-delivery-centres- sugar-m-exchange-

platform 2 17.03. cityairnews.com NCDEX launches Sugar http://cityairnews.com/co 15 S futures contract for ntent/ncdex-launches- better efficiency in sugar-s-futures-contract-

hedging better-efficiency-hedging 3 17.03. 4-traders.com NCDEX: launches http://www.4- 15 Sugar S futures traders.com/news/NCDEX- contract for better National-Commodity-- efficiency in hedging Derivative-Exchange-L-- launches-Sugar-S- futures-contract-for-

better-effi--20045021/ 4 17.03. article.wn.com NCDEX launches Sugar http://article.wn.com/view 15 S futures contract for /2015/03/18/NCDEX_laun better efficiency in ches_Sugar_S_futures_cont hedging ract_for_better_efficienc_o

/ 5 17.03. news-pr.in NCDEX Launches Sugar https://www.news- 15 S Futures Contract for pr.in/ncdex-launches- Better Efficiency in sugar-s-futures-contract- Hedging for-better-efficiency-in-

hedging.html 6 17.03. newsvoir.com NCDEX Launches Sugar http://www.newsvoir.com/ 15 S Futures Contract for index.php?option=com_co Better Efficiency in ntent&view=release&rid=3

Hedging 650

Coverage Report

Print:

Publication : The Economic Times Edition : Ahmedabad (Gujarati) Date : March 18, 2015 Page: 2

Publication : Sandesh Edition : Mumbai Date : March 18, 2015 Page: 8

Publication : The Hindu Business Line Edition : All Date : March 19, 2015 Page: 17

Publication : Dainik Navshakti Edition : Mumbai Date : March 19, 2015 Page: 17

Publication : Navbharat Edition : Mumbai Date : March 19, 2015 Page: 7

Publication : Sandesh Edition : Mumbai Date : March 19, 2015 Page: 10

Publication : Standard Herald Edition : Ahmedabad Date : March 19, 2015 Page: 4

Publication : Divya Gujarat Edition : Ahmedabad Date : March 19, 2015 Page: 3

Publication : Mahanagar Metro Edition : Ahmedabad Date : March 19, 2015 Page: 4

Publication : Marwad Mitra Edition : Ahmedabad Date : March 19, 2015 Page: 6

Publication : Sandesh Edition : Ahmedabad Date : March 19, 2015 Page: 8

Publication : Prabhat Daily Edition : Ahmedabad Date : March 19, 2015 Page: 3

Publication : Janmabhoomi Edition : Mumbai Date : March 19, 2015 Page: 2

Publication : Vyapar Edition : Mumbai Date : March 20, 2015 Page: 8

Publication : Punyanagari Edition : Pune Date : March 23, 2015 Page: 15

Publication : Suryakaal Edition : Ahmedabad Date : March 27, 2015 Page: 4

Online:

Website: economictimes.indiatimes.com Date : March 17, 2015 Headline: NCDEX launches futures contract for small-grain sugar

MUMBAI: National Commodity & Derivatives Exchange Ltd (NCDEX) today said it has launched futures contracts for small-grain sugar (SUGAR S) that will provide additional risk management tool for the industry.

Trading in Sugar S began today with six contracts being offered; starting from contracts expiring in April 2015 to September 2015. Kolhapur is the main delivery centre, with Belgaum, Solapur, Sangli, Pune, Kolkata and Delhi being the additional delivery centres, a statement issued here said.

NCDEX already offers Sugar M futures contracts on its platform. With the addition of this new Sugar S contract, a large portion of sugar being produced and traded in India will be represented on the exchange platform.

The additional delivery centres of Delhi and Kolkata have been included to provide an opportunity to the sugar value chain participants in these locations to hedge their physical commitments and to deliver on Exchange platform as well, it said.

For a transparent and efficient settlement, the deliveries will be facilitated through COMTRACK® - the electronic accounting system of the Exchange.

NCDEX MD & CEO Samir Shah said: "India is the world's largest consumer and second largest producer of sugar and about 60% of total production and consumption is of Sugar S grade. Therefore prices of NCDEX Sugar S futures hold significant importance in the global market. NCDEX is an established benchmark for sugar prices and prices of Sugar S will play an important role for entire value chain."

Website: cityairnews.com Date : March 17, 2015 Headline: NCDEX launches Sugar S futures contract for better efficiency in hedging

Mumbai, March 17, 2015: NCDEX, the leading commodity exchange, today launched small grain size Sugar futures contract (SUGAR S) which will provide an additional risk management tool for the Indian sugar industry. Trading in Sugar S began today with six contracts being offered; starting from contracts expiring in April 2015 to September 2015. Kolhapur is the main delivery center with Belgaum, Solapur, Sangli, Pune, Kolkata and Delhi being the additional delivery centers.

NCDEX already offers Sugar M futures contracts on its platform. With the addition of this new Sugar S contract, a large portion of sugar being produced and traded in India will be represented on the exchange platform.

The additional delivery centres of Delhi and Kolkata have been included to provide an opportunity to the sugar value chain participants in these locations to hedge their physical commitments and to deliver on Exchange platform as well. For a transparent and efficient settlement, the deliveries will be facilitated through COMTRACK– the electronic accounting system of the Exchange.

Samir Shah, MD & CEO, NCDEX said “India is the world's largest consumer and second largest producer of Sugar and about 60 % of total production and consumption is of Sugar S grade. Therefore prices of NCDEX Sugar S futures hold significant importance in the global market. NCDEX is an established benchmark for sugar prices and prices of Sugar S will play an important role for entire value chain.”

Website: news-pr.in Date : March 17, 2015 Headline: NCDEX Launches Sugar S Futures Contract for Better Efficiency in Hedging

Mumbai, Maharashtra, India

 Basis : Kolhapur  Basis Grade SUGAR S  Grain Size : Small  ICUMSA – 150  Premium for Kolkata and Delhi : Rs 200 per quintal  Delivery: only through COMTRACK®

NCDEX, the leading commodity exchange, today launched small grain size Sugar futures contract (SUGAR S) which will provide an additional risk management tool for the Indian sugar industry. Trading in Sugar S began today with six contracts being offered; starting from contracts expiring in April 2015 to September 2015. Kolhapur is the main delivery center with Belgaum, Solapur, Sangli, Pune, Kolkata and Delhi being the additional delivery centers.

NCDEX already offers Sugar M futures contracts on its platform. With the addition of this new Sugar S contract, a large portion of sugar being produced and traded in India will be represented on the exchange platform.

The additional delivery centres of Delhi and Kolkata have been included to provide an opportunity to the sugar value chain participants in these locations to hedge their physical commitments and to deliver on Exchange platform as well. For a transparent and efficient settlement, the deliveries will be facilitated through COMTRACK® – the electronic accounting system of the Exchange.

Mr. Samir Shah, MD & CEO, NCDEX said “India is the world's largest consumer and second largest producer of Sugar and about 60 % of total production and consumption is of Sugar S grade. Therefore prices of NCDEX Sugar S futures hold significant importance in the global market. NCDEX is an established benchmark for sugar prices and prices of Sugar S will play an important role for entire value chain.”

ABOUT NCDEX:

As India’s leading online exchange, NCDEX is where customers repose trust. It offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, it enjoys the distinction of being the only exchange in the country promoted by national level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.

Website: 4-traders.com Date : March 17, 2015 Headline: NCDEX National Commodity & Derivative Exchange L : launches Sugar S futures contract for better efficiency in hedging

Mumbai, Maharashtra, India

 Basis : Kolhapur  Basis Grade SUGAR S  Grain Size : Small  ICUMSA – 150  Premium for Kolkata and Delhi : Rs 200 per quintal  Delivery: only through COMTRACK®

NCDEX, the leading commodity exchange, today launched small grain size Sugar futures contract (SUGAR S) which will provide an additional risk management tool for the Indian sugar industry. Trading in Sugar S began today with six contracts being offered; starting from contracts expiring in April 2015 to September 2015. Kolhapur is the main delivery center with Belgaum, Solapur, Sangli, Pune, Kolkata and Delhi being the additional delivery centers.

NCDEX already offers Sugar M futures contracts on its platform. With the addition of this new Sugar S contract, a large portion of sugar being produced and traded in India will be represented on the exchange platform.

The additional delivery centres of Delhi and Kolkata have been included to provide an opportunity to the sugar value chain participants in these locations to hedge their physical commitments and to deliver on Exchange platform as well. For a transparent and efficient settlement, the deliveries will be facilitated through COMTRACK® – the electronic accounting system of the Exchange.

Mr. Samir Shah, MD & CEO, NCDEX said “India is the world's largest consumer and second largest producer of Sugar and about 60 % of total production and consumption is of Sugar S grade. Therefore prices of NCDEX Sugar S futures hold significant importance in the global market. NCDEX is an established benchmark for sugar prices and prices of Sugar S will play an important role for entire value chain.”

ABOUT NCDEX:

As India’s leading online exchange, NCDEX is where customers repose trust. It offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, it enjoys the distinction of being the only exchange in the country promoted by national level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.

Website: wn.com Date : March 17, 2015 Headline: NCDEX launches Sugar S futures contract for better efficiency in hedging

Mumbai, Maharashtra, India

 Basis : Kolhapur  Basis Grade SUGAR S  Grain Size : Small  ICUMSA – 150  Premium for Kolkata and Delhi : Rs 200 per quintal  Delivery: only through COMTRACK®

NCDEX, the leading commodity exchange, today launched small grain size Sugar futures contract (SUGAR S) which will provide an additional risk management tool for the Indian sugar industry. Trading in Sugar S began today with six contracts being offered; starting from contracts expiring in April 2015 to September 2015. Kolhapur is the main delivery center with Belgaum, Solapur, Sangli, Pune, Kolkata and Delhi being the additional delivery centers.

NCDEX already offers Sugar M futures contracts on its platform. With the addition of this new Sugar S contract, a large portion of sugar being produced and traded in India will be represented on the exchange platform.

The additional delivery centres of Delhi and Kolkata have been included to provide an opportunity to the sugar value chain participants in these locations to hedge their physical commitments and to deliver on Exchange platform as well. For a transparent and efficient settlement, the deliveries will be facilitated through COMTRACK® – the electronic accounting system of the Exchange.

Mr. Samir Shah, MD & CEO, NCDEX said “India is the world's largest consumer and second largest producer of Sugar and about 60 % of total production and consumption is of Sugar S grade. Therefore prices of NCDEX Sugar S futures hold significant importance in the global market. NCDEX is an established benchmark for sugar prices and prices of Sugar S will play an important role for entire value chain.”

ABOUT NCDEX:

As India’s leading online exchange, NCDEX is where customers repose trust. It offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, it enjoys the distinction of being the only exchange in the country promoted by national level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.

Website: newsvoir.com Date : March 17, 2015 Headline: NCDEX Launches Sugar S Futures Contract for Better Efficiency in Hedging

Mumbai, Maharashtra, India

 Basis : Kolhapur  Basis Grade SUGAR S  Grain Size : Small  ICUMSA – 150  Premium for Kolkata and Delhi : Rs 200 per quintal  Delivery: only through COMTRACK®

NCDEX, the leading commodity exchange, today launched small grain size Sugar futures contract (SUGAR S) which will provide an additional risk management tool for the Indian sugar industry. Trading in Sugar S began today with six contracts being offered; starting from contracts expiring in April 2015 to September 2015. Kolhapur is the main delivery center with Belgaum, Solapur, Sangli, Pune, Kolkata and Delhi being the additional delivery centers.

NCDEX already offers Sugar M futures contracts on its platform. With the addition of this new Sugar S contract, a large portion of sugar being produced and traded in India will be represented on the exchange platform.

The additional delivery centres of Delhi and Kolkata have been included to provide an opportunity to the sugar value chain participants in these locations to hedge their physical commitments and to deliver on Exchange platform as well. For a transparent and efficient settlement, the deliveries will be facilitated through COMTRACK® – the electronic accounting system of the Exchange.

Mr. Samir Shah, MD & CEO, NCDEX said “India is the world's largest consumer and second largest producer of Sugar and about 60 % of total production and consumption is of Sugar S grade. Therefore prices of NCDEX Sugar S futures hold significant importance in the global market. NCDEX is an established benchmark for sugar prices and prices of Sugar S will play an important role for entire value chain.”

ABOUT NCDEX:

As India’s leading online exchange, NCDEX is where customers repose trust. It offers the widest range of benchmark products across agriculture, metals and precious metals. NCDEX brings buyers and sellers together through its electronic trading platform. With a widely held shareholding, it enjoys the distinction of being the only exchange in the country promoted by national level institutions. The institutional promoters and shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills.

Publication: The Hindu Business Line Date : March 03, 2015 Headline: NCDEX mulls setting up 1000 warehouses

Publication: Mint Date : March 03, 2015 Headline: More power for Sebi is good; but some checks are needed

Publication: Gujarat Guardian Date : March 03, 2015 Headline: Samir Shah’s Budget Reaction

Publication: The Economic Times Gujarati Date : March 11, 2015 Headline: NCDEX’s coriander futures hits upper circuit

Publication: Business Standard Date : March 12, 2015 Headline: Agri e-auction where posiible, Centre tells states

Publication: The Financial Express Date : March 12, 2015 Headline: FCI to sell rice in open market from April

Publication: Agro One - Marathi Date : March 13, 2015 Headline: Agri e-auction where posiible, Centre tells states

Publication: Punaya Nagari Date : March 23, 2015 Headline: NCDEX Sugar S contracts launched

Publication: Economic Times Date : March 23, 2015 Headline: Lower Margins for Spread Contracts to Boost Liquidity

Publication: Business Standard Date : March 24, 2015 Headline: Lower Margins for Spread Contracts to Boost Liquidity

Publication: The Financial Chronicle Date : March 24, 2015 Headline: NCDEX in race for Agri-Tech Infra Fund

Publication: The Hindu Business Line Date : March 23, 2015 Headline: NCDEX to bid for Agri-Tech Infra Fund

Publication: PTI Flash Date : March 24, 2015 Headline: NCDEX to bid for Agri-Tech Infrastructure Fund

NCDEX to bid for Agri-Tech Infrastructure Fund

Mumbai, Mar 23 (PTI) The National Commodity and Derivatives Exchange (NCDEX) is planning to participate in the bidding process of Agri-Tech Infrastructure Fund (ATIF), which will be rolled out by the government to boost the agricultural marketing system.

"We will participate in the bidding process of ATIF as we have technology. We have already invested in technology to improve Agricultural Produce Market Committee (APMC) functioning.

"We have signed an agreement with the Karnataka Government to form a joint venture company to modernise APMC," NCDEX Managing Director and CEO Samir Shah said on the sidelines of a function here.

In order to develop a common national market for farm commodities through e- platform, the Department of Agriculture (DAC) has approved Rs 200 crore for a central scheme for promotion of agricultural market through ATIF to be implemented between 2014-15 and 2016-17.

Under the scheme, the government proposes to utilise the ATIF for migrating towards a national market through implementation of a common e-platform for agri-marketing across states. In the first phase, the Government will appoint a consultant who will outline the model of implementation.

Shah said NCDEX will bid during the second phase when the government will look for appointing a partner to provide technology in order to improve agriculture markets.

NCDEX will roll out pilots to modernise APMC in Tamil Nadu, Andhra Pradesh and Telangana. The leading commodity exchange is also in talks with States like Uttar Pradesh, Gujarat and Madhya Pradesh to modernise APMCs in line with Karnataka, he said.

Meanwhile, talking about the proposed merger of Forward Markets Commission (FMC) with Securities and Exchange Board of India (SEBI), Shah said NCDEX is looking forward to it and will launch new products after the process is over.

Publication: Business Stanard Date : March 25, 2015 Headline: Two sides of the Sebi-FMC merger

Publication: Sandesh Date : March, 2015 Headline: FM’s approval for commodity spread trading

Publication: Mid Day Date : March 27, 2015 Headline: NCDEX seeks approval for starting Potato Future Contracts

Publication: Business Standard Date : March 27, 2015 Headline: Agri e-auction where posiible, Centre tells states

Publication: PTI Date : March 29, 2015 Headline: PB working on tie-ups with IMD, NCDEX for DD Kisan channel

PB working on tie-ups with IMD, NCDEX for DD Kisan channel

Press Trust of India | New Delhi

March 29, 2015 Last Updated at 09:22 IST

Aiming to provide content that is of practical use to farmers across the country on its soon-to- be-launched 'DD Kisan' channel, public broadcaster Prasar Bharati is working out strategic partnerships with elite scientific and other institutions.

Preparations for the launch of this "niche edu-tainment" channel, which could go on air in April, are on full-swing and tie-ups with several experts' bodies are being explored and finalised, officials said.

Interactions are on with the Indian Meteorological Department (IMD), National Commodity and Derivatives Exchange (NCDEX), Indian Agriculture Research Institute (IARI) and other such bodies to ensure that the channel can provide accurate information and expert advice on everything from district-specific weather updates and commodity prices to the latest technologies.

The upcoming channel could have a ticker with up-to-date information from various 'mandis' across the country. The information in this respect will be obtained from NCDEX, sources said.

"It will help farmers compare the prices of their products in different markets," an official said.

Prasar Bharati chairperson Dr A Surya Prakash and other senior functionaries are learnt to be in touch with officials in the Ministry of Earth Sciences and IMD for weather-related inputs.

"IMD has a very accurate district-wise system through which it can make crop-specific weather forecasts and they also have a mobile-app through which they are in touch with lakhs of farmers. But through the Kisan channel, this essential information would reach farmers in the remotest parts of the country," a source said, adding that a studio of the channel will come up in the Agricultural Meteorology Division of IMD at Pune.

With district-based weather forecasts aired for specific crops twice a week, the channel will bring an essential scientific input to farmers, officials said. They added that they expect equally vital information to flow from the scientists of IARI in New Delhi, where another of its studios for the Kisan channel is proposed to come up.

Publication: Financial Express Date : March 29, 2015 Headline: Govt. to continue with OMSS of Wheat

Publication: Nav Gujarat Samay Date : March 2, 2015 Headline: Sebi – FMC merger

Publication: Nav Gujarat Samay Date : March 2, 2015 Headline: Sebi – FMC merger

Twitter Date : March , 2015

YouTube Date : March , 2015

Broadcast: ETNow Date : March , 2015

Samir Shah talking on current Gold scenario in India on ETNow

Broadcast: ETNow Date : March , 2015 Mr. Suresh Devnani, Head - Business Develpment, in a panel discussion on ‘Exchange Traded Forwards'

Broadcast: NCDEX YouTube Date : March , 2015

Start Small with Smaller Contracts - Rishi Nathany, Chief - Financial Segment

Broadcast: CNBC Awaaz Date : March , 2015

NCDEX Budget 2015 Reactions: Mr. Samir Shah, MD & CEO