Description

IIFL Finance Ltd derivatives contracts will be discontinued from trading in Equity Derivatives segment from January 30, 2026 with no new expiry month contracts to be generated.

Summary

BSE has announced the exclusion of IIFL Finance Ltd from the Equity Derivatives segment effective January 30, 2026. This decision follows SEBI Circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024 regarding eligibility criteria of stocks and BSE Notice no 20240902-3 dated September 02, 2024 regarding review of eligibility criteria for entry/exit of stocks in derivatives segment. No new expiry month contracts will be generated for IIFL Finance Ltd (Derivatives Asset Code: IIFL, Equity Scrip Code: 532636).

Key Points

  • IIFL Finance Ltd contracts will be discontinued from Equity Derivatives segment from January 30, 2026
  • No new expiry month contracts will be generated for this security
  • Existing unexpired contracts for November 2025, December 2025, and January 2026 will expire on their respective scheduled dates
  • Derivatives Asset Code: IIFL
  • Equity Scrip Code: 532636
  • Trading members must note that no contracts will be available for trading in this security after January 30, 2026

Regulatory Changes

This exclusion is based on:

  • SEBI Circular Ref. No: SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024 regarding eligibility criteria of stocks
  • BSE Notice no 20240902-3 dated September 02, 2024 regarding review of eligibility criteria for entry/exit of stocks in derivatives segment

The stock no longer meets the eligibility criteria required for continuation in the equity derivatives segment.

Compliance Requirements

  • Trading members must inform their clients about the discontinuation of IIFL Finance Ltd derivatives
  • Market participants holding positions in IIFL Finance Ltd F&O contracts must plan to close or roll over positions before contract expiry
  • No fresh positions can be initiated in new expiry months beyond January 2026
  • Members need to ensure proper risk management and position monitoring for existing contracts until final expiry

Important Dates

  • November 24, 2025: Notice date
  • November 27, 2025: Expiry of November 2025 contracts
  • December 24, 2025: Expiry of December 2025 contracts
  • January 29, 2026: Expiry of January 2026 contracts (final contracts)
  • January 30, 2026: Effective discontinuation date - no contracts available for trading from this date

Impact Assessment

Market Impact: Traders and investors with positions in IIFL Finance Ltd futures and options will need to unwind or square off their positions by January 29, 2026. This may lead to increased volatility in the contract as expiry approaches, particularly if there are large open positions.

Operational Impact: Trading members must update their systems and communicate with clients holding IIFL derivatives positions. The absence of hedging instruments may affect institutional investors and proprietary traders who use derivatives for risk management in IIFL Finance Ltd equity positions.

Liquidity Impact: As the discontinuation date approaches, liquidity in IIFL derivatives contracts may decline as market participants avoid building new positions and existing position holders exit the market.

Impact Justification

Complete discontinuation of F&O contracts for IIFL Finance Ltd affects all derivative traders and positions in this security, requiring position unwinding before January 30, 2026