Demerger Update: Early Expiry of HINDUNILVR F&O Contracts and MTF Changes

Corporate ActionExpiring on 4th December 202528th November, 2025|10:00 AM

As part of the Scheme of Arrangement approved by NSE, Hindustan Unilever Ltd. (INE030A01027) is undergoing a demerger. This will lead to the following changes across F&O contracts, MTF positions, and pledged holdings:

F&O Contract Expiry Update

No new positions will be allowed in HINDUNILVR Futures & Options from Tuesday, December 2, 2025.
All existing F&O contracts with expiries on December 30, 2025, January 27, 2026, and February 24, 2026 will now expire early on Thursday, December 4, 2025.
These contracts will be physically settled in accordance with our Physical Settlement Policy.
While expiry dates on the platform will still show the original dates, trading in these contracts will stop after December 4.
New contracts will be re-listed on Friday, December 5, 2025, based on the opening price discovered during the Special Pre-Open Session (9:00 AM – 10:00 AM).

For MTF Clients

From Monday, December 1, 2025, all MTF-funded HINDUNILVR positions must maintain 100% margin.
On Thursday, December 4, 2025, your HINDUNILVR MTF positions will be automatically converted to CNC.
Please ensure you have sufficient funds to meet the margin requirement post-conversion to avoid RMS square-off.

Pledged Holdings – Haircut Update

All pledged HINDUNILVR shares will be unpledged on December 4, 2025.
From this date, the haircut will be increased to 100%, and the stock will no longer provide collateral value.

For more information, refer to the NSE circular here and the adjustment details here.