Description
NSE Clearing announces that all futures and options positions in TATAMOTORS will be carried forward with the new underlying symbol TMPV (Tata Motors Passenger Vehicles Limited) effective October 24, 2025.
Summary
NSE Clearing Limited has announced a change in the underlying symbol for Tata Motors Limited in the Futures & Options segment. All existing positions in futures and options contracts under the symbol TATAMOTORS will be carried forward with the new underlying symbol TMPV (Tata Motors Passenger Vehicles Limited) effective October 24, 2025. This change is in pursuance of NSE circular no. 179/2025 dated October 17, 2025.
Key Points
- All F&O positions in TATAMOTORS will be migrated to TMPV symbol
- Change is effective from October 24, 2025
- Reports for October 23, 2025 will show the old symbol TATAMOTORS
- Reports from October 24, 2025 onwards will show the new symbol TMPV
- Portfolio files for October 24, 2025 will contain the new symbol TMPV
- This follows the earlier NSE circular no. 179/2025 (Download no. NSE/FAOP/70882) dated October 17, 2025
Regulatory Changes
The underlying security name and symbol change from TATAMOTORS (Tata Motors Limited) to TMPV (Tata Motors Passenger Vehicles Limited) in the Futures & Options segment reflects a corporate restructuring or demerger of Tata Motors’ passenger vehicle business into a separate listed entity.
Compliance Requirements
- Members must update their systems to recognize the new symbol TMPV from October 24, 2025
- Members should ensure proper mapping of existing TATAMOTORS positions to TMPV in their internal systems
- Members need to communicate this change to their clients who hold F&O positions in TATAMOTORS
- Portfolio reconciliation should be performed to ensure all positions are correctly carried forward under the new symbol
- Risk management systems should be updated to reflect the new underlying symbol
Important Dates
- October 17, 2025: Original NSE circular (179/2025) announcing the change
- October 20, 2025: NSE Clearing circular date
- October 23, 2025: Last day reports will contain TATAMOTORS symbol
- October 24, 2025: Effective date - all positions carried forward as TMPV, portfolio files and reports will show new symbol
Impact Assessment
Operational Impact: High - All trading members with F&O positions in TATAMOTORS must update their systems, risk management tools, and client reporting mechanisms to handle the symbol change. The transition affects position tracking, margin calculations, and portfolio management systems.
Market Impact: High - This symbol change affects all market participants holding futures and options contracts in one of India’s largest automobile manufacturers. The seamless transition of all open positions is critical to maintain market integrity and prevent disruptions.
Client Impact: Members need to proactively inform clients about the symbol change to avoid confusion in portfolio statements and trading platforms. Clients should be aware that their existing TATAMOTORS F&O positions will automatically appear under the new TMPV symbol from October 24, 2025.
System Requirements: Trading platforms, risk management systems, and back-office applications must be updated to recognize TMPV as the continuation of TATAMOTORS positions, ensuring proper position tracking and margin calculations.
Impact Justification
Critical operational change affecting all F&O positions in TATAMOTORS requiring immediate system and portfolio updates by members