The Exchange was recognised by the Central Government for an initial period of 5 years on 9 September 1985 under section 4 of the Securities Contracts (Regulation) Act, 1956 and later on the period of recognition was extended by one year, from 9 September 1990 to 8 September 1991.
On 31 August 2004, SEBI decided to derecognize the Mangalore Stock Exchange.
Krishna laid the foundation stone for the new building of the Mangalore Stock Exchange (MgSE) at Kulur on Sept 28, 2001.
The MgSE has been granted 3 acres (12,000 m2) of land by the state government.
This article about a location in Mangalore taluk, Karnataka, India is a stub.