Department : FUTURES & OPTIONS

Download Ref No: NSE/FAOP/39873 Date : 04 January, 2019

Circular Ref. No: 02/2019

All Members,

Physical settlement of stock derivatives

This is in reference to SEBI Circular Ref. No: SEBI/HO/MRD/DOPI/CIR/P/2018/161 dated December

31, 2018 regarding Physical settlement of stock derivatives.

Based on the criteria mentioned in the aforesaid SEBI circular, the list of stock derivatives which will
be moving to physical settlement in a phased manner is enclosed as Annexure 1. It provides details
of stocks and the respective expiry month from which they will be physically settled.

However, the contracts of expiry months prior to the expiry month mentioned in Annexure 1 would
continue to be available for trading under the cash settlement mode.

Members are further requested to take note of the following:-

 Going forward, all derivative contracts introduced on new stocks post SEBI approval shall be
physically settled.

 List of stock derivatives which are already physically settled is enclosed as Annexure 2 for
ready reference.

For and on behalf of

National Stock Exchange of India Limited

Khushal Shah
Associate Vice President

Toll Free No Fax No Email id

1800-266-0053 +91-22-26598449 msm@nse.co.in

1|P a ge
 Expiry month from which
Sr. No. Company Name Symbol physical settlement
1 ADANI ENTERPRISES LIMITED ADANIENT April 2019 and onwards
2 AMARA RAJA BATTERIES LIMITED AMARAJABAT April 2019 and onwards
3 APOLLO HOSPITALS ENTERPRISE LIMITED APOLLOHOSP April 2019 and onwards
4 APOLLO TYRES LIMITED APOLLOTYRE April 2019 and onwards
5 ARVIND LIMITED ARVIND April 2019 and onwards
6 BALKRISHNA INDUSTRIES LIMITED BALKRISIND April 2019 and onwards
7 BATA INDIA LIMITED BATAINDIA April 2019 and onwards
8 BHARAT ELECTRONICS LIMITED BEL April 2019 and onwards
9 BHARAT FINANCIAL INCLUSION LIMITED BHARATFIN April 2019 and onwards
10 CANARA BANK CANBK April 2019 and onwards
11 CASTROL INDIA LIMITED CASTROLIND April 2019 and onwards
12 CENTURY TEXTILES & INDUSTRIES LIMITED CENTURYTEX April 2019 and onwards
13 CESC LIMITED CESC April 2019 and onwards
14 CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY
CHOLAFINLIMITEDApril 2019 and onwards
15 DEWAN HOUSING FINANCE CORPORATION LIMITED
DHFL April 2019 and onwards
16 DISH TV INDIA LIMITED DISHTV April 2019 and onwards
17 ENGINEERS INDIA LIMITED ENGINERSIN April 2019 and onwards
18 EQUITAS HOLDINGS LIMITED EQUITAS April 2019 and onwards
19 ESCORTS LIMITED ESCORTS April 2019 and onwards
20 EXIDE INDUSTRIES LIMITED EXIDEIND April 2019 and onwards
21 THE FEDERAL BANK LIMITED FEDERALBNK April 2019 and onwards
22 GLENMARK PHARMACEUTICALS LIMITED GLENMARK April 2019 and onwards
23 GMR INFRASTRUCTURE LIMITED GMRINFRA April 2019 and onwards
24 IDFC BANK LIMITED IDFCBANK April 2019 and onwards
25 INDRAPRASTHA GAS LIMITED IGL April 2019 and onwards
26 INFIBEAM AVENUES LIMITED INFIBEAM April 2019 and onwards
27 JINDAL STEEL & POWER LIMITED JINDALSTEL April 2019 and onwards
28 JAIN IRRIGATION SYSTEMS LIMITED JISLJALEQS April 2019 and onwards
29 JUBILANT FOODWORKS LIMITED JUBLFOOD April 2019 and onwards
30 KAJARIA CERAMICS LIMITED KAJARIACER April 2019 and onwards
31 MANAPPURAM FINANCE LIMITED MANAPPURAM April 2019 and onwards
32 MULTI COMMODITY EXCHANGE OF INDIA LIMITED
MCX April 2019 and onwards
33 MAX FINANCIAL SERVICES LIMITED MFSL April 2019 and onwards
34 MINDTREE LIMITED MINDTREE April 2019 and onwards
35 MUTHOOT FINANCE LIMITED MUTHOOTFIN April 2019 and onwards
36 NATIONAL ALUMINIUM COMPANY LIMITED NATIONALUM April 2019 and onwards
37 NBCC (INDIA) LIMITED NBCC April 2019 and onwards
38 NCC LIMITED NCC April 2019 and onwards
39 RAYMOND LIMITED RAYMOND April 2019 and onwards
40 REC LIMITED RECLTD April 2019 and onwards
41 RELIANCE CAPITAL LIMITED RELCAPITAL April 2019 and onwards
42 RELIANCE INFRASTRUCTURE LIMITED RELINFRA April 2019 and onwards
43 STEEL AUTHORITY OF INDIA LIMITED SAIL April 2019 and onwards
44 TATA CHEMICALS LIMITED TATACHEM April 2019 and onwards
45 TATA ELXSI LIMITED TATAELXSI April 2019 and onwards
46 TATA GLOBAL BEVERAGES LIMITED TATAGLOBAL April 2019 and onwards
47 TATA MOTORS LIMITED TATAMTRDVR April 2019 and onwards
48 TATA POWER COMPANY LIMITED TATAPOWER April 2019 and onwards
49 UJJIVAN FINANCIAL SERVICES LIMITED UJJIVAN April 2019 and onwards
50 VOLTAS LIMITED VOLTAS April 2019 and onwards
51 ACC LIMITED ACC July 2019 and onwards
52 AMBUJA CEMENTS LIMITED AMBUJACEM July 2019 and onwards
53 ASHOK LEYLAND LIMITED ASHOKLEY July 2019 and onwards
54 AUROBINDO PHARMA LIMITED AUROPHARMA July 2019 and onwards
55 BANK OF BARODA BANKBARODA July 2019 and onwards
56 BHARAT FORGE LIMITED BHARATFORG July 2019 and onwards
57 BHARAT HEAVY ELECTRICALS LIMITED BHEL July 2019 and onwards
58 BIOCON LIMITED BIOCON July 2019 and onwards
59 CADILA HEALTHCARE LIMITED CADILAHC July 2019 and onwards
60 CIPLA LIMITED CIPLA July 2019 and onwards
61 COLGATE PALMOLIVE (INDIA) LIMITED COLPAL July 2019 and onwards
62 CONTAINER CORPORATION OF INDIA LIMITED CONCOR July 2019 and onwards
63 CUMMINS INDIA LIMITED CUMMINSIND July 2019 and onwards
64 DIVI'S LABORATORIES LIMITED DIVISLAB July 2019 and onwards
65 DLF LIMITED DLF July 2019 and onwards
66 DR. REDDY'S LABORATORIES LIMITED DRREDDY July 2019 and onwards
67 GRASIM INDUSTRIES LIMITED GRASIM July 2019 and onwards
68 HAVELLS INDIA LIMITED HAVELLS July 2019 and onwards
69 HINDALCO INDUSTRIES LIMITED HINDALCO July 2019 and onwards
70 HINDUSTAN PETROLEUM CORPORATION LIMITED HINDPETRO July 2019 and onwards
71 INDIABULLS HOUSING FINANCE LIMITED IBULHSGFIN July 2019 and onwards
72 ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED
ICICIPRULI July 2019 and onwards
73 VODAFONE IDEA LIMITED IDEA July 2019 and onwards
74 INTERGLOBE AVIATION LIMITED INDIGO July 2019 and onwards
75 BHARTI INFRATEL LIMITED INFRATEL July 2019 and onwards
76 L&T FINANCE HOLDINGS LIMITED L&TFH July 2019 and onwards
77 LIC HOUSING FINANCE LIMITED LICHSGFIN July 2019 and onwards
78 LUPIN LIMITED LUPIN July 2019 and onwards
79 MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
M&MFIN July 2019 and onwards
80 MARICO LIMITED MARICO July 2019 and onwards
81 UNITED SPIRITS LIMITED MCDOWELL-N July 2019 and onwards
82 MOTHERSON SUMI SYSTEMS LIMITED MOTHERSUMI July 2019 and onwards
83 MRF LIMITED MRF July 2019 and onwards
84 NMDC LIMITED NMDC July 2019 and onwards
85 PAGE INDUSTRIES LIMITED PAGEIND July 2019 and onwards
86 PIRAMAL ENTERPRISES LIMITED PEL July 2019 and onwards
87 PETRONET LNG LIMITED PETRONET July 2019 and onwards
88 POWER FINANCE CORPORATION LIMITED PFC July 2019 and onwards
89 PIDILITE INDUSTRIES LIMITED PIDILITIND July 2019 and onwards
90 PUNJAB NATIONAL BANK PNB July 2019 and onwards
91 RBL BANK LIMITED RBLBANK July 2019 and onwards
92 SHRIRAM TRANSPORT FINANCE COMPANY LIMITEDSRTRANSFIN July 2019 and onwards
93 SUN TV NETWORK LIMITED SUNTV July 2019 and onwards
94 TATA MOTORS LIMITED TATAMOTORS July 2019 and onwards
95 TATA STEEL LIMITED TATASTEEL July 2019 and onwards
96 TORRENT PHARMACEUTICALS LIMITED TORNTPHARM July 2019 and onwards
97 TVS MOTOR COMPANY LIMITED TVSMOTOR July 2019 and onwards
98 UPL LIMITED UPL July 2019 and onwards
99 YES BANK LIMITED YESBANK July 2019 and onwards
100 ZEE ENTERTAINMENT ENTERPRISES LIMITED ZEEL July 2019 and onwards
101 ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
ADANIPORTS October 2019 and onwards
102 ASIAN PAINTS LIMITED ASIANPAINT October 2019 and onwards
103 AXIS BANK LIMITED AXISBANK October 2019 and onwards
104 BAJAJ AUTO LIMITED BAJAJ-AUTO October 2019 and onwards
105 BAJAJ FINSERV LIMITED BAJAJFINSV October 2019 and onwards
106 BAJAJ FINANCE LIMITED BAJFINANCE October 2019 and onwards
107 BHARTI AIRTEL LIMITED BHARTIARTL October 2019 and onwards
108 BOSCH LIMITED BOSCHLTD October 2019 and onwards
109 BHARAT PETROLEUM CORPORATION LIMITED BPCL October 2019 and onwards
110 BRITANNIA INDUSTRIES LIMITED BRITANNIA October 2019 and onwards
111 COAL INDIA LIMITED COALINDIA October 2019 and onwards
112 DABUR INDIA LIMITED DABUR October 2019 and onwards
113 EICHER MOTORS LIMITED EICHERMOT October 2019 and onwards
114 GAIL (INDIA) LIMITED GAIL October 2019 and onwards
115 GODREJ CONSUMER PRODUCTS LIMITED GODREJCP October 2019 and onwards
116 HCL TECHNOLOGIES LIMITED HCLTECH October 2019 and onwards
117 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
HDFC October 2019 and onwards
118 HDFC BANK LIMITED HDFCBANK October 2019 and onwards
119 HERO MOTOCORP LIMITED HEROMOTOCO October 2019 and onwards
120 HINDUSTAN UNILEVER LIMITED HINDUNILVR October 2019 and onwards
121 HINDUSTAN ZINC LIMITED HINDZINC October 2019 and onwards
122 ICICI BANK LIMITED ICICIBANK October 2019 and onwards
123 INDUSIND BANK LIMITED INDUSINDBK October 2019 and onwards
124 INFOSYS LIMITED INFY October 2019 and onwards
125 INDIAN OIL CORPORATION LIMITED IOC October 2019 and onwards
126 ITC LIMITED ITC October 2019 and onwards
127 JSW STEEL LIMITED JSWSTEEL October 2019 and onwards
128 KOTAK MAHINDRA BANK LIMITED KOTAKBANK October 2019 and onwards
129 LARSEN & TOUBRO LIMITED LT October 2019 and onwards
130 MAHINDRA & MAHINDRA LIMITED M&M October 2019 and onwards
131 MARUTI SUZUKI INDIA LIMITED MARUTI October 2019 and onwards
132 NESTLE INDIA LIMITED NESTLEIND October 2019 and onwards
133 NTPC LIMITED NTPC October 2019 and onwards
134 OIL & NATURAL GAS CORPORATION LIMITED ONGC October 2019 and onwards
135 POWER GRID CORPORATION OF INDIA LIMITED POWERGRID October 2019 and onwards
136 RELIANCE INDUSTRIES LIMITED RELIANCE October 2019 and onwards
137 STATE BANK OF INDIA SBIN October 2019 and onwards
138 SHREE CEMENT LIMITED SHREECEM October 2019 and onwards
139 SUN PHARMACEUTICAL INDUSTRIES LIMITED SUNPHARMA October 2019 and onwards
140 TATA CONSULTANCY SERVICES LIMITED TCS October 2019 and onwards
141 TECH MAHINDRA LIMITED TECHM October 2019 and onwards
142 TITAN COMPANY LIMITED TITAN October 2019 and onwards
143 ULTRATECH CEMENT LIMITED ULTRACEMCO October 2019 and onwards
144 VEDANTA LIMITED VEDL October 2019 and onwards
145 WIPRO LIMITED WIPRO October 2019 and onwards
Sr. No. Company Name Symbol
1 ADANI POWER LIMITED ADANIPOWER
2 AJANTA PHARMA LIMITED AJANTPHARM
3 ALLAHABAD BANK ALBK
4 BANK OF INDIA BANKINDIA
5 BEML LIMITED BEML
6 BERGER PAINTS (I) LIMITED BERGEPAINT
7 CAN FIN HOMES LIMITED CANFINHOME
8 CEAT LIMITED CEATLTD
9 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED CGPOWER
10 CHENNAI PETROLEUM CORPORATION LIMITED CHENNPETRO
11 DCB BANK LIMITED DCBBANK
12 GODFREY PHILLIPS INDIA LIMITED GODFRYPHLP
13 GODREJ INDUSTRIES LIMITED GODREJIND
14 GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED GSFC
15 HEXAWARE TECHNOLOGIES LIMITED HEXAWARE
16 IDBI BANK LIMITED IDBI
17 IDFC LIMITED IDFC
18 IFCI LIMITED IFCI
19 THE INDIA CEMENTS LIMITED INDIACEM
20 INDIAN BANK INDIANB
21 IRB INFRASTRUCTURE DEVELOPERS LIMITED IRB
22 JET AIRWAYS (INDIA) LIMITED JETAIRWAYS
23 JAIPRAKASH ASSOCIATES LIMITED JPASSOCIAT
24 JUST DIAL LIMITED JUSTDIAL
25 KPIT TECHNOLOGIES LIMITED KPIT
26 KAVERI SEED COMPANY LIMITED KSCL
27 THE KARNATAKA BANK LIMITED KTKBANK
28 MAHANAGAR GAS LIMITED MGL
29 MANGALORE REFINERY AND PETROCHEMICALS LIMITED MRPL
30 NHPC LIMITED NHPC
31 NIIT TECHNOLOGIES LIMITED NIITTECH
32 ORACLE FINANCIAL SERVICES SOFTWARE LIMITED OFSS
33 OIL INDIA LIMITED OIL
34 ORIENTAL BANK OF COMMERCE ORIENTBANK
35 PC JEWELLER LIMITED PCJEWELLER
36 PTC INDIA LIMITED PTC
37 PVR LIMITED PVR
38 THE RAMCO CEMENTS LIMITED RAMCOCEM
39 RELIANCE COMMUNICATIONS LIMITED RCOM
40 REPCO HOME FINANCE LIMITED REPCOHOME
41 RELIANCE POWER LIMITED RPOWER
42 SIEMENS LIMITED SIEMENS
43 THE SOUTH INDIAN BANK LIMITED SOUTHBANK
44 SREI INFRASTRUCTURE FINANCE LIMITED SREINFRA
45 SRF LIMITED SRF
46 STRIDES PHARMA SCIENCE LIMITED STAR
47 SUZLON ENERGY LIMITED SUZLON
48 SYNDICATE BANK SYNDIBANK
49 TATA COMMUNICATIONS LIMITED TATACOMM
50 TORRENT POWER LIMITED TORNTPOWER
51 TV18 BROADCAST LIMITED TV18BRDCST
52 UNITED BREWERIES LIMITED UBL
53 UNION BANK OF INDIA UNIONBANK
54 V-GUARD INDUSTRIES LIMITED VGUARD
55 WOCKHARDT LIMITED WOCKPHARMA