Announcements

Aarti Industries Limited (AARTIIND) declared to the Exchange the issuance and allotment of 1 equity share for every 4 equity shares held by existing shareholders. The record date for the purpose of determining shareholders who will be applicable for this is 20th October 2022.

Due to this corporate action, keep in mind the following impact on your F&O contracts

1.  All existing contracts in the underlying AARTIIND i.e. contracts with expiry dates 27th October 2022, 24th November 2022 and 29th December 2022 shall expire on 18th October 2022 and shall be physically settled as per the mechanism specified in NCL Circular no.67/2018 (Download no. NCL/CMPT/38039 dated 15th June 2018)
2. You need to maintain the full value of AARTIIND position contract if you wish to take physical delivery of shares.
3. No fresh position will be allowed under the F&O segment  in AARTIIND from 17th October 2022
   AARTIIND positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 12 PM on 18th October 2022 on a best effort basis.
4. All positions in the existing futures and options contracts on the underlying AARTIIND shall cease to exist pursuant to the final settlement on 17th October 2022.
5. The pay-in/payout of the final MTM settlement of all futures contracts on AARTIIND shall be on 18th October 2022 (T+1 day).
6. The physical settlement shall be effected on 19th October 2022 (T+2 day)
7. New contracts in the underlying AARTIIND (with expiry dates - 27th October, 24th November and 29th  December 2022) will begin on 19th October

You can also refer to the circular here: NSE Circular 119/2022