As per the circular dated April 2, 2025, the National Stock Exchange of India (NSE) has announced changes in Siemens Limited's Equity and Derivative contracts due to a corporate action.

Details of the Corporate Action:

Siemens Limited has announced the issuance and allotment of 1 fully paid-up equity share of Siemens Energy India Limited for every 1 equity share of Siemens Limited held by its shareholders. The Record Date for this corporate action is April 7, 2025.

Key Adjustments in Derivative Contracts:

• All existing derivative contracts expiring on April 24, 2025, May 29, 2025, and June 26, 2025, will now expire on April 4, 2025.

• The settlement methodology will be communicated separately by the respective Clearing Corporations.

• New derivatives contracts on Siemens will be introduced with the same expiries (April 24, 2025, May 29, 2025, and June 26, 2025) starting April 7, 2025.

• The range of available option strikes for trading on April 7, 2025, will be announced in a separate circular on April 4, 2025, after market hours.

Key Information in Capital Market Segment:

• A Special Pre-Open Session (SPOS) will be conducted for Siemens Limited on April 7, 2025, from 9:00 AM to 10:00 AM.

• Unmatched orders within the dynamic price band will transition to the normal trading session.

• If no equilibrium price is discovered, trading will remain in call auction mode until price discovery.

• Siemens Limited will be eligible for trading in the second session of the block deal window on April 7, 2025, subject to successful price discovery.

• The base price post-discovery will be the price determined during SPOS.

RMS Action and Timelines:

• The delivery margin applies to ITM buy positions. Ensure sufficient funds/holdings to avoid necessary actions by the RMS team.

• For Futures and Option Short positions, maintaining the total contract value (Long position) or equivalent holdings (Short position) is required to avoid square-off.

• For more details, refer to our physical settlement policy.

Additional Updates:

• Margin pledge haircut for Siemens will be 50% on April 3 and April 4, 2025.

• Siemens will be in square-off mode on April 3 and April 4, 2025, and the risk team will take recovery action on debit balances.

• The MTF positions on Siemens will be unpledged on Thursday EOD, April 3, 2025.

Note: Clients are advised to manage their positions accordingly. For further details, refer to this circular for FNO.