Description

NSE introduces F&O contracts on Force Motors Limited (FORCEMOT) and Godfrey Phillips India Limited (GODFRYPHLP) effective April 1, 2026, subject to eligibility criteria.

Summary

NSE has notified members that futures and options contracts on Force Motors Limited (FORCEMOT) and Godfrey Phillips India Limited (GODFRYPHLP) will be available for trading effective April 1, 2026. This is based on SEBI’s stock selection criteria circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024, and is subject to fulfilment of the Quarter sigma computation cycle eligibility criteria for March 2026.

Key Points

  • Two new securities added to the F&O segment: FORCEMOT (Force Motors Limited) and GODFRYPHLP (Godfrey Phillips India Limited)
  • Trading in these contracts commences April 1, 2026
  • Inclusion is subject to fulfilling the Quarter sigma computation cycle eligibility criteria for March 2026
  • Market lot sizes and strike schemes will be communicated via a separate circular on March 30, 2026
  • Quantity freeze details will be available in the contract file applicable from April 1, 2026

Regulatory Changes

This circular is issued pursuant to SEBI circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/116 dated August 30, 2024, which prescribes the stock selection criteria for inclusion in the F&O segment. SEBI approval has been obtained for both securities.

Compliance Requirements

  • Members must load the updated contract.gz and NSE_FO_contract_ddmmyyyy.csv.gz files in their trading applications before trading on April 1, 2026
  • Files are available from the directory faoftp/faocommon on the Extranet server
  • The MII contract file NSE_FO_contract_ddmmyyyy.csv.gz is also accessible on the NSE website under all-reports-derivatives

Important Dates

  • March 20, 2026: Circular issued
  • March 30, 2026: Separate circular to be issued with market lot sizes and strike schemes
  • April 1, 2026: F&O contracts on FORCEMOT and GODFRYPHLP available for trading (subject to eligibility criteria)

Impact Assessment

The addition of Force Motors Limited and Godfrey Phillips India Limited to the F&O segment expands hedging and speculative opportunities for market participants in these stocks. Members need to update their trading systems with the new contract files before April 1, 2026. The actual go-live remains conditional on the March 2026 Quarter sigma computation cycle eligibility check, introducing minor uncertainty. Impact is primarily relevant to derivatives traders and members with positions or interest in these two stocks.

Impact Justification

Addition of two new securities to F&O segment is a routine market expansion; directly relevant to traders and members dealing in derivatives on these specific stocks.