BSE has issued Notice No. 20260416-42 directing the exclusion of Futures and Options (F&O) contracts of Sammaan Capital Ltd (Derivatives Asset Code: SMCL, Equity Scrip Code: 535789) from the Equity Derivatives Segment. Trading in these contracts will be discontinued from June 29, 2026, and no new expiry month contracts will be generated thereafter. This action is in accordance with SEBI’s eligibility criteria circular and BSE’s own review framework.

Key Points

• Sammaan Capital Ltd (SMCL, scrip code 535789) is being removed from the BSE Equity Derivatives Segment.
• All F&O contracts for SMCL will be discontinued from June 29, 2026.
• No new expiry month contracts will be generated for SMCL from that date onward.
• Existing unexpired contracts for April 2026, May 2026, and June 2026 will continue to trade until their respective expiry dates.
• This notice applies to all Trading Members on BSE.

Regulatory Changes

This exclusion is mandated under:

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

Sammaan Capital Ltd has failed to meet the continued eligibility criteria under these regulations.

Compliance Requirements

• Trading Members must note the discontinuation of SMCL F&O contracts effective June 29, 2026.
• Members must ensure no new positions are opened beyond the last available expiry (June 2026).
• All open positions must be settled or squared off by the respective contract expiry dates.
• No further rollover into new expiry months will be possible after June 2026 contracts expire.

Important Dates

Impact Assessment

Trading members and investors holding F&O positions in Sammaan Capital Ltd (SMCL) must plan for an orderly exit. After June 25, 2026 (final contract expiry), no derivatives exposure to SMCL will be possible on BSE. The exclusion signals that SMCL no longer meets SEBI’s liquidity or market capitalization thresholds for derivatives eligibility. Market participants relying on SMCL derivatives for hedging underlying equity positions will need to seek alternative hedging instruments. The stock itself (scrip code 535789) remains unaffected in the cash equity segment.