As per the Scheme of Arrangement approved by NCLT, Tata Motors Ltd. (INE155A01022) is demerging its Commercial Vehicles business into TML Commercial Vehicles Ltd. (TMCVL). This will impact all existing F&O contracts as follows:

• No new positions will be allowed in Tata Motors Futures & Options contracts from Friday, October 10, 2025.

• All existing Tata Motors F&O contracts for October, November, and December will expire early on Monday, October 13, 2025.

• These contracts will be settled through physical delivery. For complete details, refer to this blog on the physical settlement policy.

• Expiry dates on the platform will remain as October 28, November 25, and December 30, but contracts will not be tradable beyond October 13.

• New contracts with the same expiry dates will be relisted on October 14, 2025, based on the opening price determined during the Special Pre-Open Session (9:00 AM – 10:00 AM).

For MTF clients:

• Your existing MTF holdings in Tata Motors will be automatically converted to CNC (Cash and Carry) on October 13, 2025.

• Once converted, your holdings will remain visible in your account as CNC holdings.

• Please ensure sufficient funds are maintained in your account to meet post-conversion margin requirements. Failure to do so may result in square-off action by our RMS team.

Pledge note:

• Haircut on pledged Tata Motors shares will be revised on Friday and Monday as part of the corporate action handling.

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