Announcements

Clients are hereby informed about the upcoming demerger of Hindustan Unilever Limited with a Record Date set for 05-Dec-2025. Due to this corporate action, all MTF positions in HINDUNILVR will be squared off on 04-Dec-2025.

To avoid auto square-off, we request you to Convert to Delivery (CTD) your HINDUNILVR MTF positions by 03-Dec-2025.

Steps to Convert to Delivery (CTD):

• Go to Accounts > Pay Later (MTF) > Borrowings tab

• Locate and click on HINDUNILVR in the MTF Dashboard in the MTF pledged stocks list.

• Click on ‘Convert shares to delivery’ and enter the quantity (pre-filled by default).

• The system will calculate the required cash balance to convert to delivery and will be shown as Margin Required. Click on ‘Pay Now’ and make a payment.

• Shares will be converted to Delivery by the end of the day.

Key Dates:

• CTD Deadline: 03-Dec-2025

• Square-off Date: 04-Dec-2025 (for positions not converted to delivery)

Click here to secure your Hindustan Unilever Limited holdings and avoid square-off.

Offer for Sale of the below company is open in BSE/NSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.

[Nov-25] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlements and not Rights Shares. To get the shares, you should apply to their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for November 2025:

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

• For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.

• For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

Here's a list of existing SCSBs.

For more details on Rights Issue/Rights Entitlement, please refer to the BSE FAQs.

Following the changes announced for Stock Futures contracts (NSE Circulars dated May 24, 2024, and March 13, 2025), the tick size has been revised to Stock Options contracts as well.

Effective Date: November 03, 2025 

Tick Size: What It Means for Your Trades

The tick size is the minimum price increment a security can move. Earlier for all stock options with underlying security price less than ₹250, the tick size was ₹0.05 (5 paise).

The Problem: Stock options often have wide bid-ask spreads, and when combined with the large lot sizes of lower-priced stocks, this small ₹0.05 tick results in high trading costs (impact cost) for participants.

The Solution: Reducing the tick size to ₹0.01 (1 paisa) for options on stocks priced below ₹250 will significantly tighten the bid-ask spreads.

Example:

• Consider a stock like WIPRO, trading around ₹242 with a lot size of 3000.

• With the old 5-paise tick, a typical spread of ₹2.55 – ₹2.60 costs ₹150 per lot.

• With the new 1-paise tick, the spread could narrow to ₹2.55 – ₹2.56, reducing the impact cost to only ₹30 per lot.

This change is crucial as it leads to better price discovery and lower impact costs for traders.

Please check the NSE Circular for further details.

The ‘Last Trading Day (Contract Expiry)’ for WTI Crude Oil Options on Futures contracts on the NSE has been revised.

• Old Rule: The expiry was two business days before the Expiry Day of the underlying futures contract.

• New Rule: The expiry is now seven business days before the Expiry Day of the underlying futures contract.

This revision to the Expiry Date will apply to contracts expiring in December 2025 and onwards. Updated expiry of launched contracts of December 2025 and January 2026 will be visible on the trading platform from November 19, 2025.

Please refer to the NSE Circular for more details and revised expiry dates.

Note: The above is only for the NSE. MCX Expiry remains unchanged.

The market lot size of NSE derivative contracts on the following Indices have been updated as follows, with effect from October 28, 2025:

However, the market lot of derivative contracts on the following Index is unchanged:

Please note the following:

The existing contracts and lot size (All November and December Contracts) will be the same and will continue to be applicable for weekly and monthly contracts till December 30, 2025, expiry date.

For more information, refer to the NSE circular

On account of Muhurat Trading session on October 21, 2025, multiple settlements have been scheduled on October 23, 2025.

Important Trading & Settlement Information:

• Trades done on 20th October and 21st October (Muhurat Trading) will be settled together on 23rd October 2025.

• BTST (Buy Today, Sell Tomorrow) will not be allowed on 21st October. This means shares bought on 20th October cannot be sold on 21st October.

• The settlement on 23rd October will cover both trade dates: 20th and 21st October.

• Auction settlement for trades on 20th October will happen on 24th October 2025

• Auction settlement for trades on 21st October (Muhurat Trading) will happen on 27th October 2025

Auction Trade & Settlement details:

Refer: NSE circular

The time of Diwali is important for all investors and traders in the share market. Traders have participated in the customary Muhurat trading on Diwali for many years. A Muhurat is a particular time or moment that is auspicious, and traders try to make trades during this window for a great trading year ahead.

In keeping with the tradition of Diwali, the Muhurat Trading Session this year for Equity, F&O, Currency, and Commodity trading will be held on Tuesday, 21 October 2025.

Details are as follows:

Muhurat Trading for Capital Market (Equities, Commodities and Derivatives)

Further, note the following about Muhurat Trading: 

Trading and Order Execution

• Intraday trading will be allowed.

• Order modification cut-off:

• 2:55 PM for Derivatives

• 3:15 PM for Cash segment

• After Market Orders (AMO) orders placed on 20 October will be queued for execution during the Muhurat window.

BTST and Settlement

• BTST will be restricted. Stocks purchased on 20 October cannot be sold during the Muhurat session. 

• Trades executed on 20 and 21 October will be settled with payout on 23 October.

Stock SIP Orders

• Stock SIP orders will not be executed in the Muhurat session. 

• SIP orders due on 21 October will automatically shift to 23 October.

Margins, Funds and Withdrawals

• Derivatives & Intraday credits from 20 October will not be added to the available margin on 21 October.

• No fund payout will be processed on 21 October.

• Fund withdrawal requests placed between 20 October, 5:30 PM and 23 October, 7:00 AM will be credited by 11:30 AM on 23 October.

MTF and Pledge Window

• Conversion to Delivery (CTD) under MTF will not be allowed.

• Margin pledge will remain open from 8:00 AM to 9:00 PM.

• Shares bought under MTF will be auto-pledged as per SEBI mandate.

RMS Policies and Square-Off Rules

The following square-offs will be executed as per RMS policy:

• Derivatives margin shortfall square-off

• 80% MTM-based square-off

• Timer-based square-off from 2:30 PM to 2:35 PM

The following cash market square-offs will not be carried out on 21 October:

• Projected Risk

• MTF Shortage

• Ageing

• CUSA

Please refer to circulars for more information on NSE (Equity&F&O),BSE,CDS, &MCX.

Offer for Sale of the below company is open in BSE/NSE. To place your OFS request:

• Contact your sub-broker

• In case you don't have a sub-broker, call us on 18001020.

[Oct-25] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlements and not Rights shares. To get the shares, you should apply to their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for October 2025:

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

• For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.

• For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

Here's a list of existing SCSBs.

For more details on Rights Issue/Rights Entitlement, please refer to the BSE FAQs.