Announcements

Motherson Sumi Systems Limited (MOTHERSUMI) declared to the Exchange the issuance and allotment of 1 equity share of Re. 1 each of Motherson Sumi Wiring India Limited for every 1 equity share of Re. 1 each to shareholders of Motherson Sumi Systems Limited.

The record date for the purpose of determining shareholders who will be applicable for this is 17th January 2022.

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

1. All existing contracts in the underlying MOTHERSUMI i.e. contracts with expiry dates 27th January, 2022, 24th February, 2022 and 31st March, 2022 shall expire on 13th January 2022.

2. The settlement methodology will be communicated separately by the Clearing Corporations

3. F&O contracts on MOTHERSUMI (with expiry 27th January, 2022, 24th February, 2022 and 31st March, 2022) will be introduced again from ex-date 14th January, 2022.

4. The list of option strikes from which specific strike prices would be made available for trading on 14th January, 2022 will be communicated through a separate circular to be issued on 13th January, 2022 aftermarket hours.

5. You need to maintain the full value of the MOTHERSUMI position contract if you wish to take physical delivery of shares.

6. No fresh position will be allowed under the F&O segment in MOTHERSUMI on 12th January 2022 & 13th January 2022

7. MOTHERSUMI positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 11:00 AM on 13th January 2022 on best effort basis.

8. Delivery margins would be applicable on your MOTHERSUMI Long ITM stock options position(s) from 11th January 2022 as per the Exchange settlement mechanism Hence, to avoid penalties due to shortage, maintain sufficient funds by EOD daily till 13th January 2022.

For more details, refer to the circular here.