Description
NSE announces discontinuation of new F&O contract months for SYNGENE INTERNATIONAL LIMITED effective April 01, 2026, while existing contracts until March 2026 will continue trading.
Summary
National Stock Exchange of India Limited has announced the exclusion of Futures and Options contracts for SYNGENE INTERNATIONAL LIMITED. Following SEBI Circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024 regarding stock eligibility criteria, no new contract months will be issued after the expiry of existing contracts. Existing unexpired contracts for January 2026, February 2026, and March 2026 will continue trading until their respective expiry dates.
Key Points
- No new F&O contract months will be issued for SYNGENE INTERNATIONAL LIMITED (Symbol: SYNGENE)
- Existing contracts for January 2026, February 2026, and March 2026 will continue to trade until expiry
- New strikes will continue to be introduced in existing contract months
- Complete discontinuation of F&O contracts effective April 01, 2026
- Decision based on SEBI’s stock eligibility criteria circular from August 30, 2024
Regulatory Changes
This circular implements SEBI’s eligibility criteria for stocks in the derivatives segment as per SEBI Circular Ref. No: SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024. SYNGENE no longer meets the eligibility requirements for F&O contracts.
Compliance Requirements
- Members must note that no contracts for new expiry months will be issued for SYNGENE
- Trading members should inform clients holding positions in SYNGENE F&O contracts about the exclusion
- Risk management systems should be updated to reflect the cessation of new contract months
- Existing positions in January, February, and March 2026 contracts can be maintained and traded normally until expiry
Important Dates
- January 23, 2026: Circular issued
- January 2026: Last month existing contract - continues to trade until expiry
- February 2026: Existing contract - continues to trade until expiry
- March 2026: Last existing contract month - continues to trade until expiry
- April 01, 2026: Complete exclusion effective date - no F&O contracts available for trading
Impact Assessment
Market Impact: High impact on derivative traders using SYNGENE F&O contracts for trading or hedging purposes. Traders with positions in SYNGENE derivatives must plan exit strategies before March 2026 expiry. The removal affects liquidity in SYNGENE derivatives and eliminates hedging opportunities for institutional investors holding the underlying stock.
Operational Impact: Trading members need to update risk management systems, margin calculators, and client communication regarding the phased exclusion. Portfolio hedging strategies involving SYNGENE will need restructuring using alternative instruments.
Impact Justification
Complete exclusion of F&O contracts for SYNGENE affects derivative traders and hedging strategies. High severity due to removal of trading instruments.