Polycab to exit F&O segment from December 30

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Polycab India Limited (

) will exit the equity derivatives segment from December 30, 2026, following its inclusion under the NSE's IBC-related framework. What happened? The NSE will stop issuing new expiry-month futures and options contracts. Existing October, November and December 2026 contracts will remain available until their respective expiry dates. The move follows an NCLT order admitting insolvency proceedings against Polycab in a dispute involving an alleged ₹2.79 crore operational debt claimed by Asier Metals Private Limited. Polycab disputed the claim, and the NCLAT has stayed the NCLT order pending further proceedings. <Cite refs={["turn839601search0","turn839601search1"]}/> Why does it matter? The F&O exclusion is linked to the insolvency proceedings rather than a direct assessment of Polycab's operating performance. It changes how derivatives traders can manage positions in the company. My view The key issue is the legal process behind the exclusion. The NCLAT stay is an important development, but the implications will depend on further orders and the exchange's applicable rules. What I am watching next I would track the next NCLAT proceedings, any further NSE circulars and the status of the insolvency petition. No Recommendations Source: Economic Times Disclosure: I, my entity, associates or relatives do not have any holding, position or other material interest in Polycab India Limited.