Description

Syngene International Ltd derivatives contracts will be discontinued from March 27, 2026 with existing contracts expiring on their respective dates through March 25, 2026.

Summary

BSE has announced the exclusion of Futures and Options contracts of Syngene International Ltd (Asset Code: SYNG, Scrip Code: 539268) from the Equity Derivatives segment effective March 27, 2026. This action is taken in accordance with 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. No new expiry month contracts will be generated for this security.

Key Points

  • Syngene International Ltd derivatives contracts will be discontinued from March 27, 2026
  • No new expiry month contracts will be generated for this security
  • Existing unexpired contracts for January 2026, February 2026, and March 2026 will continue until their respective expiry dates
  • Security details: Derivatives Asset Code - SYNG, Equity Scrip Code - 539268
  • Action based on SEBI eligibility criteria review for stocks in derivatives segment

Regulatory Changes

This exclusion follows SEBI Circular Ref. No: 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 concerning the review of eligibility criteria for entry/exit of stocks in derivatives segment. Syngene International Ltd no longer meets the criteria required for continued listing in the equity derivatives segment.

Compliance Requirements

  • Trading members must note the discontinuation of new contracts from March 27, 2026
  • Members should manage existing positions accordingly before contract expiry dates
  • No new positions can be initiated in contracts expiring after March 2026
  • Members must inform clients holding positions in SYNG derivatives about the discontinuation

Important Dates

  • January 29, 2026: Expiry date for January 2026 contracts (note: this appears to be January 29, 2026 based on context)
  • February 26, 2026: Expiry date for February 2026 contracts
  • March 25, 2026: Expiry date for March 2026 contracts (final expiry)
  • March 27, 2026: Effective date of discontinuation - no contracts available for trading after this date

Impact Assessment

High impact on market participants holding or trading Syngene International Ltd derivatives. Traders with open positions must close or roll over positions before the final expiry on March 25, 2026. The exclusion eliminates hedging and speculative opportunities in this security through derivatives, potentially affecting liquidity and price discovery. Market participants will need to adjust their trading and risk management strategies for this security, relying solely on the cash market segment after March 27, 2026.

Impact Justification

Complete removal of derivative contracts for Syngene International Ltd affects all traders and positions in this security's F&O segment