Stories
NSE to Remove Polycab India from F&O Segment Starting December 30
- •The National Stock Exchange announced the exclusion of Polycab India Ltd from the equity derivatives segment, removing all futures and options contracts from December 30, 2026.
- •The exclusion follows the company's shortlisting under the Insolvency and Bankruptcy Code framework.
- •Existing contracts expiring in October, November, and December 2026 will remain available for trading until their respective expiry dates, with no new contracts issued thereafter.
- •A 100 percent margin will be levied on all existing derivative contracts on a T+2-day basis, applying to open positions and new positions created from October 14 onwards.
- •Polycab India recently reported a 39 percent year-on-year increase in quarterly revenue to 8209 crore rupees, alongside a 32.5 percent growth in EBITDA.
Key Questions Answered
The National Stock Exchange is excluding Polycab India Ltd from the equity derivatives segment because the company was shortlisted under the Insolvency and Bankruptcy Code (IBC) framework. Consequently, no futures and options contracts will be available for trading starting December 30, 2026.
A 100% margin will be levied on all existing derivative contracts on a T+2-day basis, applying to open positions as of October 13, 2026, and new positions created from October 14 onward. Furthermore, additional surveillance measures like price bands and gross settlement under the IBC framework will take effect on January 1, 2027.
Polycab India reported a 39% year-on-year increase in quarterly revenue to ₹8,209 crore, beating poll estimates, while EBITDA grew by 32.5% to ₹1,136 crore. Additionally, the company's wires and cables business revenue rose 38% year-on-year to reach ₹7,202 crore.
