New and Announcements

Introduction of Futures & Options Contracts on 3 Individual Securities w.e.f. January 01,2021

you are advised to note that based on the stock selection criteria as prescribed by SEBI vide master circular no. SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016, SEBI circular no SEBI/HO/MRD/DP/CIR/P/2018/67 dated April 11, 2018 and approval received from SEBI, members are hereby notified that the futures and options contracts on following 3 additional securities would be available for trading w.e.f. January 01, 2021.

Sr No Security Name Symbol

1 Aarti Industries Limited AARTIIND

2 Dr. Lal Path Labs Ltd. LALPATHLAB

3 HDFC Asset Management Company Limited HDFCAMC

Change in Underlying Name & Symbol w.e.f Dec 18,2020

you are hereby informed that the name and trading symbol of the following company shall be changed w.e.f. December 18, 2020:

S No Old Symbol New Symbol Old Name of the company New Name of the company

1 INFRATEL INDUSTOWER Bharti Infratel Limited Indus Towers Limited

Consequently, all contracts in the security would be traded under the new symbol w.e.f. December 18, 2020.

Margin In Cash Segment Penalty Structure

As per SEBI guidelines, effective 1st August 2020, clients have to maintain required margins before taking a position in the Cash market, similar to the Derivatives market. We will be required to collect & report margin in Capital Market Segment just like we do for Derivatives Segment.

Points to Note -

  • Initial margin/VAR + ELM (Extreme Loss Margin) will be required from client upfront on the same trading (T) day. (It means that these margins should be available with us before placing a buy/Sell order)

  • MTM (Mark to Market) & other margins can be provided within T+1 day basis.

For Margin Collection, below can be considered as part of margin in the client account with us -

  • Clear Ledger balance

  • Securities pledged as collateral for Margin Purpose

  • Securities lying under Client Unpaid Securities Account

  • Securities lying under collateral account with us (up to 31st August 2020)

Details of Penalty applicability -

If there is any shortage in collection of margin penalty will be charged by the exchange. The penalty will be same as already charged in F&O Segment i.e

  • If short/non-collection of margins for a client continues for more than 3 consecutive days, then penalty of 5% of the shortfall amount shall be levied for each day of continued shortfall beyond the 3rd day of shortfall.

  • If short/non-collection of margins for a client takes place for more than 5 days in a month, then penalty of 5% of the shortfall amount shall be levied for each day, during the month, beyond the 5th day of shortfall.

You are requested to please take note of the same.

Sebi Circular

Penalty Circular

ITC change in Strike Price due to Dividend 03/07/2020

Adjustment of Futures and Options contracts in the security ITC

In continuation to Exchange circular download no. 44822 dated June 30, 2020 and in line with SEBI

Master circular no SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016 and SEBI circular

no. CIR/MRD/DoP-1/P/00108/2018 dated July 5, 2018; members are informed of the following:

ITC LIMITED has informed the Exchange that Board of Directors at its meeting held on June 26, 2020,

declared Final Dividend of Rs 10.15 per equity share. ITC Limited has informed the Exchange that

Register of Members & Share Transfer Books of the Company will remain closed from 08-Jul-2020 to

09-Jul-2020 for the purpose of Dividend.



Corporate Action


: Final dividend of Rs. 10.15 per share*

: July 06, 2020

*Note: - Dividend adjustment details can be referred at below link.

Adjustments for Futures Contracts:

Base price of the Futures contracts on July 06, 2020 will be reference rate less aggregate amount of

dividend i.e. Rs. 10.15/-. The reference rate to be reckoned for this purpose shall be the daily mark to

market settlement price of the relevant futures contract.

Adjustments for Options Contracts:

The full value of dividend i.e. Rs. 10.15/- would be deducted from all the cum-dividend strike prices

on the ex-dividend date.

The above changes shall be effective from July 06, 2020.

Members are advised to load the updated contract.gz file in the trading application before trading on

July 06, 2020. This file can be obtained from the directory faoftp/faocommon on the Extranet server.

The details of the revised option strike prices available for trading in the security ITC on July 06, 2020

is given in Annexure 1.

NSe Circular

New applicable Stamp duty rate

Effective from 1st July 2020, in compliance with the new regulation, stamp duty charges are revised to a uniform rate.

Please find the applicable stamp duty rates applicable on each type of trade below:

Trade type

New applicable Stamp duty rate

Delivery equity trades

0.015% or Rs 1,500 per crore on buy-side

Intraday equity trades

0.003% or Rs 300 per crore on buy-side

Futures (equity and commodity)

0.002% or Rs 200 per crore on buy-side

Options (equity and commodity)

0.003% or Rs 300 per crore on buy-side


0.0001% or Rs 10 per crore on buy-side

Mutual funds

0.005% or Rs 500 per crore on buy-side


0.0001% or Rs 10 per crore on buy-side

Off-Market transfer of Securities other than Debentures

0.015% or Rs 1500 per crore on Transferor / Seller

Here’s the reason for this

Stamp duty is a part of the state revenue system and the rates of stamp duty that are applicable to the trading of Securities and Commodities vary from state to state.

The central government introduced changes to the Stamp Duty Act last year by introducing a uniform rate of stamp duty to apply on the trading of securities and commodities across all the states in India.

While uniform rates were to become applicable from 9th January 2020, this effect was postponed to 1st April 2020, and then due to the pandemic situation was further extended to 1st July 2020.

Extention of TImeline for consideration of Securtites in POA Account as Margin

Reliance Industries Limited - Rights Issue - UPDATES

In continuation of this, We wish to bring in your kind notice detailed process of Reliance Industries Limited - Right Issue.


Wednesday, May 20, 2020


Friday, May 29, 2020


Wednesday, June 3, 2020


Wednesday, June 10, 2020


Wednesday, June 10, 2020


Thursday, June 11, 2020


Friday, June 12, 2020

Payment Terms:

25% of Right Issue Price on application i.e. INR 314.25/per equity share

25% of Right Issue Price i.e. INR 314.25/per equity share in May 2021

50% of Right Issue Price i.e. INR 628.50/per equity share in November 2021.

Third party payment not allowed. Payment through Cheque/cash not allowed.

Entitlement Ratio: 1 equity share for every 15 equity shares held on the Record Date of May 14, 2020

How to participate in the Rights Issue:

If Shares are in Demat form on the Record Date:

1. ASBA facility - Application form can be submitted in physical mode at bank branches or through Net Banking. Following banks have enabled rights issue subscription on their platform.

Name of Bank

ICICI Bank Ltd.

Punjab National Bank

HDFC Bank Ltd.

IDBI Bank Ltd.

State Bank of India

Canara Bank

Axis Bank Ltd.

Union Bank of India

Bank of Baroda

Syndicate Bank

Kotak Mahindra Bank Ltd.

RBL Bank

Bank of India

2. R-WAP - Registrar's web based application platform at Investors can submit the online Application Form and make online payment using their internet banking or UPI facility. (only for Resident Indian shareholders)

If Shares are in Physical form on the Record Date:

Investors can apply only through R-WAP. All shares allotted in rights issue will be only in demat form.

Important Links:

For downloading application form and entitlement letter

(i) Company website;

(ii) the Registrar website;

New Margin Pledge /Repledge Mechanism CDSL Circular

SEBI Circular

CDSL Circular

Sebi Clarification on news

New F& O Margin Framework

Rights Issue of RELIANCE INDUSTRIES LIMITED is opening on 20th May 2020.

Brief details of Rights Issue - The Rs 53,125 crore rights issue of Reliance Industries Limited (RIL) will open for subscription on May 20.The closing date for the issue is June 3, 2020. The rights issue of Reliance Industries Limited (RIL) will be priced at Rs 1,257 per share with share ratio at 1:15.

The existing shareholders are allowed to subscribe to one equity share for every fifteen shares held. The promoters will subscribe to the full extent of their rights and also to unsubscribed shares at the end of the issue.

More Issue Details

How to Apply -

The Registrar and Transfer Agent (RTA) of Reliance Industries Limited will check the eligible shareholders who hold the shares of the company as on the record date - 14 May 2020 and send the rights application form electronically to the email ID mapped in their demat account.

The RTA will also credit the rights entitlement (RE) receivable by the shareholders to their respective demat accounts. In case you do not want to apply for the rights, you can sell these REs after they are credited to your demat account like you sell shares from your holdings.

SEBI has allowed the process to subscribe to the rights issue to be slightly modified during the lockdown period. Once the issue opens on May 20th, you will be able to visit the RTA's website and directly pay for your application from your bank account using the RTA's payment gateway. The RTA will collect the following details on their website:

1. DP ID & Client ID

2. PAN

3. Bank account details

You can read the FAQs pertaining to the Reliance rights issue addressed by the RTA here.


Adjustment of Futures and Options contracts in the security RELIANCE w.e.f.May 13, 2020

as per the SEBI guidelines there will be adjustments related to RELIANCE w.e.f.May 13, 2020 on announcement of corporate action.

Important points have been mentioned below:

  • Symbol : RELIANCE

  • Rights ratio : 01:15

  • Ex-Date : May 13, 2020

Adjustments for Options Contracts:

1. Strike Price: The adjusted strike price shall be arrived at by multiplying the old strike price by the adjustment factor.

2. Market Lot: The adjusted market lot shall be arrived at by dividing the old market lot by the adjustment factor.

Adjustments for Futures Contracts:

1. Futures price: The adjusted Futures base price shall be arrived at by multiplying the old Futures base price by the adjustment factor.

2. Market Lot: The adjusted market lot shall be arrived at by dividing the old market lot by the adjustment factor.

Revision in Expiry Date of Kapas Contract expiring on November 30, 2020

The expiry date of the following contract expiring on Monday, November 30, 2020 is revised to Friday, November 27, 2020, due to closure of physical market on Monday.

Symbol Existing Expiry Date Revised Expiry Date

KAPAS 30-Nov-20 27-Nov-20

Exclusion of Futures and Options contract on ADANIPOWER w.e.f. June 26, 2020

in reference with SEBI Circular Ref. No: SEBI/HO/MRD/DP/CIR/P/2018/67 dated April 11, 2018 regarding Review of Framework for Stocks in Derivatives Segment which states that after a period of one year from the date of the circular, only those stocks which meet the enhanced eligibility criteria shall remain in derivatives segment.

Accordingly, members are requested to note that the contracts for new expiry months in the following security will not be issued on expiry of existing contract months:

Sr. No Symbol Name of Company

1 ADANIPOWER Adani Power Limited

No contracts shall be available for trading in the above mentioned security with effect from June 26, 2020.

Revision in Trading Timings Commodity Market

it is to further inform you that the trading timings of commodity exchange (MCX, ICEX), with effect from Thursday, April 23, 2020 is revised as under:


Trading Timings (MCX,ICEX)

Trade Start Time

Trade End Time

Internationally Referenceable

Non-Agri Commodities 09.00 AM 11.30 PM

All other Commodities (including

internationally referenceable Agri 09.00 AM 05.00 PM

commodities, viz, Cotton, CPO,

Kapas & RBD Palmolein )

Modification in deliverable lot size of Mentha Oil 16/05/2020

it is to further inform you that MCX has modified the Trading Unit and Delivery Unit in Mentha Oil futures contracts effective from June 2020 expiry contract and onwards.Accordingly,MCXCCL has announced modifications in delivery unit of Mentha Oil from 2160kg/12 drums to 1080 kg/06drums with effect from June 2020 contract.

Revision in Market Lot of Derivative Contracts on Indices w.e.f May 04, 2020

in pursuance of SEBI guidelines for periodic revision of lot sizes for derivatives contracts specified in the SEBI circular CIR/MRD/DP/14/2015 dated July 13, 2015, the market lots of derivatives contracts on Indices shall be revised as follows:

Sr. No Underlying Index Symbol Present Market Lot Revised Market lot


2 NIFTY 50 NIFTY 75 75


To avoid operational complexities, in case of upward revision as given above, following will be applicable:

1. Only the far month contract i.e. July 2020 expiry contracts will be revised for market lots. Contracts with maturity of May 2020 and June 2020 would continue to have the existing market lots. All subsequent contracts (i.e. July 2020 expiry and beyond) will have revised market lots.

2. The day spread order book will not be available for the combination contract of May 2020 July 2020 and June 2020 July 2020 expiries.

The lot size will be revised after expiry of April 2020 contracts i.e w.e.f May 04, 2020.