Announcements

As part of the Insolvency Resolution Process of Reliance Communications (RCom), its existing shares have been suspended from trading.

What does this mean?
A company is suspended from trading if it doesn’t comply with the Exchange regulations. This means one cannot buy or sell any more shares of that company till the suspension has been revoked.

How does this impact you?

Due to this corporate action, kindly note the following impact:

• -Trading in RCom shares has been suspended. 
• -You will not be able to buy/sell more shares of RCom
• -You will not be able to see existing shares of RCom under ‘Holdings’ on Upstox. However, you can view them from your Holdings Report by following these steps: How can I check my holdings ? - Upstox Help Center 

In case, the suspended company complies with all regulations, the suspension could even be revoked and the shares may start trading again. However, after suspension, if the company eventually shuts down or is unable to repay shareholders, you will have to write it off as a loss. Upstox is not responsible for any loss.

Due to an ongoing corporate action with Piramal Enterprises Limited (PEL), keep the following pointers in mind:

For Equity

• PEL has declared to the Exchange that it will issue and allot 4 equity shares of ₹10/- each for every 1 equity share (of face value of ₹2) held by PEL shareholders.
  
• The Record Date for the same is 1st September 2022
  

For Derivatives (F&O)

• All existing contracts with expiry dates 29th September, 27th October and 24th November - 2022 will expire on 29th August 2022. The settlement method will be separately notified to you.

• Derivatives contracts on PEL shall be introduced again (with expiry dates - 29th September, 27th October, and 24th November - 2022) from 30th August 2022.

• The list of option strikes that would be made available for trading on 30th August 2022 shall be notified through a separate circular to be issued on 20th August 2022 post market hours. 

To know more, refer to the Exchange circular here.

As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.

This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 7th list of stocks applicable for the T+1 settlement cycle will go live from 26th August 2022.

However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the following stocks on 26th August 2022. But you will still be able to see them under ‘T1 holdings’.

All ITM Natural Gas option contracts on 24th August 2022 will be converted into futures contracts. 

To avoid square-off, ensure that you maintain sufficient margin for the future contracts before 10.00 PM today.

The expiry date of the following contracts has been revised to Tuesday, 30th August 2022.
 

You can refer to the exchange circular here.