Polycab India’s F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency order

The National Stock Exchange (NSE) will exclude Polycab India from the equity derivatives segment with effect from December 30, 2026, according to an exchange's latest circular.

The NSE circular stated that no contracts for new expiry months in Polycab India will be issued after the expiry of existing contract months. However, existing unexpired contracts for October, November and December 2026 will continue to be available for trading until their respective expiry dates. New strikes will also be introduced in these existing contract months.

No contracts in Polycab India will be available for trading in the equity derivatives segment from December 30, 2026, the exchange said.


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Separately, Polycab India informed the exchanges that NCLAT had stayed and kept in abeyance the October 7 order passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench, admitting the corporate insolvency resolution process (CIRP) against the company in a case filed by Asier Metals Private Limited.

The proceedings relate to an alleged operational debt of Rs 2.79 crore under Section 9 of the Insolvency and Bankruptcy Code, 2016.

According to the NCLAT order, counsel for Polycab submitted that a pre-existing dispute existed between the parties concerning payments made and credit notes to be issued by the operational creditor. The company's counsel also submitted that Polycab was willing to deposit the entire amount stated in Part IV of the insolvency application, without prejudice to its rights and contentions.

The tribunal directed that the amount be deposited through a fixed deposit receipt (FDR) in the name of the Registrar, NCLAT, New Delhi, within a week. It stayed the NCLT's October 7 order and kept it in abeyance until further orders.

Polycab India shares settled 1.82% higher at Rs 8,405 apiece on the NSE on Monday, compared with the previous close of Rs 8,255. During the session, the stock traded between Rs 8,291 and Rs 8,469.

The stock has gained nearly 10% so far in 2026, while the Nifty 50 has declined nearly 14% over the same period, according to the data provided.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here