Exclusion of Futures and Options Contracts in Polycab India Limited · NSE/SURV/76858
NSE circular NSE/SURV/76858 · 12 Oct 2026
Official title
Exclusion of futures and options contracts in Polycab India Limited (POLYCAB)
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange excludes Polycab India Limited from the futures and options segment. The exchange stops the issuance of new expiry month contracts after the October 2026 expiration. Existing contracts for October, November, and December 2026 remain available for trading until their respective expiry dates. Trading in all futures and options contracts for this underlying ends on December 30, 2026. The exchange imposes a 100 percent margin on all existing and new derivative positions starting October 13, 2026. Surveillance actions including price bands and gross settlement apply from January 1, 2027, after the expiry of all existing contracts.
What you must do
- Maintain 100 percent margin on all open and new derivative positions.
Key dates
- Effective from
- 13 Oct 2026
- Effective date for 100 percent margin on open positions
Document text
NSE Nifty50
National Stock Exchange of India Limited
Circular
| Department: SURVEILLANCE | |
|---|---|
| Download Ref No: NSE/SURV/76858 | Date: October 12, 2026 |
| Circular Ref. No: 786/2026 | |
To All NSE Members,
Sub: Exclusion of futures and options contracts in Polycab India Limited (POLYCAB)
This is in accordance with Exchange circular nos. NSE/SURV/75652 dated August 07, 2026, and NSE/SURV/76861 dated October 12, 2026, regarding securities under IBC framework. The scrip Polycab India Limited (POLYCAB) has been shortlisted under IBC framework.
In accordance with the aforesaid circulars, futures and options contracts for new expiry months shall not be issued on expiration of October 2026 contracts. All existing contracts with October 2026, November 2026 and December 2026 expiries shall continue to be available for trading till their respective expiry. No futures and options contracts shall be available for trading in the underlying - POLYCAB from December 30, 2026, onwards.
Further, a margin of 100% shall be levied on all existing derivative contracts w.e.f. T+2-day basis i.e. on all open positions as on October 13, 2026, and new positions created from October 14, 2026, onwards. After the expiry of existing contracts, further surveillance actions of price band/gross settlement etc. as under the IBC framework shall be applicable w.e.f January 01, 2027.
In case of any further queries, you may write to us at surveillance@nse.co.in
For National Stock Exchange of India Limited
Sareesh Koroth
Associate Vice President
Surveillance
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 12 Oct 2026
- Document number
- NSE/SURV/76858
- Issuing division
- SURVEILLANCE
- Effective date
- 13 Oct 2026
- Coverage area
- securities