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

As part of the Scheme of Arrangement approved by NSE, Vedanta Limited (VEDL) 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 VEDL Futures & Options closer to expiry as per RMS restrictions.
• All existing F&O contracts with expiries on May 26, 2026, June 30, 2026, and July 28, 2026 will now expire early on Wednesday, April 29, 2026.
• 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 April 29.
• New contracts will be re-listed on Thursday, April 30, 2026, based on the price discovered during the Special Pre-Open Session (SPOS).

For MTF Clients

• From Monday, April 27, 2026, all MTF-funded VEDL positions must maintain 100% margin.
• On Wednesday, April 29, 2026, your VEDL 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 VEDL shares will be unpledged on April 29, 2026.
• 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 & BSE circular along with the adjustment details here.

For more details on physical settlement and its implications, please check out our blog.