{"id":304778,"date":"2026-10-13T11:25:29","date_gmt":"2026-10-13T05:55:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=304778"},"modified":"2026-10-13T11:25:29","modified_gmt":"2026-10-13T05:55:29","slug":"polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/","title":{"rendered":"Polycab India F&#038;O Ban From Dec 30: Stock Falls 5%, Key Dates, Trading Rules, 100% Margin, NCLAT Stay and What Happens Next"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Polycab F&#038;O ban: NSE will have no Polycab F&#038;O contracts from 30 Dec 2026. October, November and December contracts run to expiry. 100% margin from 14 Oct. Cause: a Rs 2.79 crore insolvency case admitted on 7 Oct and stayed by NCLAT on 9 Oct.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Polycab F&#038;O ban means NSE will list no new Polycab futures and options contracts, and the existing October, November and December contracts will trade until their expiry, with none available from 30 December 2026. It is an exit from the F&#038;O segment and not a ban on the shares, which continue to trade in the cash market, and the stock fell about 4% to 5% on 13 October. The trigger is an insolvency petition over an alleged Rs 2.79 crore operational debt that the NCLT admitted on 7 October and the NCLAT stayed on 9 October. Open positions face 100% margin, so traders need the full value in cash and should plan to square off before the contracts expire.<\/p>\n<\/p><\/div>\n<p>Polycab F&#038;O ban is the headline term for NSE&#8217;s decision to stop F&#038;O contracts on Polycab India from 30 December 2026. Polycab shares fell more than 5% on the news, which came as an appeals tribunal paused insolvency proceedings over alleged operational dues.<\/p>\n<p>This guide explains the Polycab F&#038;O ban in plain terms: the key dates, the 100% margin rule, the insolvency case behind it, the NCLAT stay and what traders should do.<\/p>\n<p>The word ban is used loosely. NSE has described this as discontinuing F&#038;O contracts, so please read the details before assuming that you cannot trade the shares.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Polycab_F_O_Ban_Key_Dates_and_Rules\" title=\"Polycab F&#038;O Ban: Key Dates and Rules\">Polycab F&#038;O Ban: Key Dates and Rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Why_NSE_Acted_The_Insolvency_Case_Behind_the_Polycab_F_O_Ban\" title=\"Why NSE Acted: The Insolvency Case Behind the Polycab F&#038;O Ban\">Why NSE Acted: The Insolvency Case Behind the Polycab F&#038;O Ban<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#NCLAT_Stay_What_It_Means_for_the_Polycab_F_O_Ban\" title=\"NCLAT Stay: What It Means for the Polycab F&#038;O Ban\">NCLAT Stay: What It Means for the Polycab F&#038;O Ban<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Scale_Check_Rs_279_Crore_Against_Polycabs_Business\" title=\"Scale Check: Rs 2.79 Crore Against Polycab&#8217;s Business\">Scale Check: Rs 2.79 Crore Against Polycab&#8217;s Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Polycab_F_O_Ban_What_Traders_Should_Do\" title=\"Polycab F&#038;O Ban: What Traders Should Do\">Polycab F&#038;O Ban: What Traders Should Do<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Share_Price_Reaction_and_Financials_After_the_Polycab_F_O_Ban\" title=\"Share Price Reaction and Financials After the Polycab F&#038;O Ban\">Share Price Reaction and Financials After the Polycab F&#038;O Ban<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Risks_and_Open_Questions\" title=\"Risks and Open Questions\">Risks and Open Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#What_to_Watch_Next\" title=\"What to Watch Next\">What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#What_is_the_Polycab_F_O_ban\" title=\"What is the Polycab F&#038;O ban?\">What is the Polycab F&#038;O ban?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Can_I_still_trade_Polycab_shares\" title=\"Can I still trade Polycab shares?\">Can I still trade Polycab shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#What_happens_to_my_open_Polycab_F_O_positions\" title=\"What happens to my open Polycab F&#038;O positions?\">What happens to my open Polycab F&#038;O positions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Why_is_NSE_enforcing_the_Polycab_F_O_ban\" title=\"Why is NSE enforcing the Polycab F&#038;O ban?\">Why is NSE enforcing the Polycab F&#038;O ban?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#What_is_the_NCLAT_stay_on_Polycab\" title=\"What is the NCLAT stay on Polycab?\">What is the NCLAT stay on Polycab?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#When_can_Polycab_return_to_F_O\" title=\"When can Polycab return to F&#038;O?\">When can Polycab return to F&#038;O?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Why_did_the_Polycab_share_price_fall\" title=\"Why did the Polycab share price fall?\">Why did the Polycab share price fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-percent-key-dates-trading-rules-100-percent-margin-nclat-stay-what-happens-next\/#Should_I_buy_or_sell_Polycab\" title=\"Should I buy or sell Polycab?\">Should I buy or sell Polycab?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Polycab_F_O_Ban_Key_Dates_and_Rules\"><\/span><strong>Polycab F&#038;O Ban: Key Dates and Rules<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Existing contracts<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">October, November and December 2026 contracts trade until their expiry<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">New contracts<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No new expiry months will be introduced<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">F&#038;O contracts end<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30 December 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">100% on open positions as of 13 October and on new positions from 14 October<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trading stage<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IRP Stage 0: normal trading and fresh buying in the cash market continue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Extra surveillance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Additional measures under the insolvency framework from 1 January 2027<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Re-entry<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not before 12 months, then six straight months of eligibility and a committee review<\/td>\n<\/tr>\n<\/table>\n<p>The Polycab F&#038;O ban applies to derivatives only. The company&#8217;s shares can still be bought and sold in the cash market.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for F&#038;O stocks and live data<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_NSE_Acted_The_Insolvency_Case_Behind_the_Polycab_F_O_Ban\"><\/span><strong>Why NSE Acted: The Insolvency Case Behind the Polycab F&#038;O Ban<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Event<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26 June 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Default date cited by the creditor<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">6 August 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Section 8 demand notice<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24 August 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Asier Metals files the Section 9 petition at NCLT Ahmedabad<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">7 October 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NCLT admits the petition, imposes a moratorium and appoints an interim resolution professional<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9 October 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NCLAT stays the admission order; Polycab informs the exchanges<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13 October 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE announces the F&#038;O exit; shares fall<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26 October 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NCLAT appeal listed for hearing<\/td>\n<\/tr>\n<\/table>\n<p>Behind the Polycab F&#038;O ban, the creditor, Asier Metals, claims an operational debt of about Rs 2.79 crore (one law report rounds it to Rs 2.78 crore). Polycab argued that the invoices were provisional and raised counterclaims of Rs 17.52 crore, but the NCLT found no pre-existing dispute and admitted the case.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get live alerts on your stocks.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NCLAT_Stay_What_It_Means_for_the_Polycab_F_O_Ban\"><\/span><strong>NCLAT Stay: What It Means for the Polycab F&#038;O Ban<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The NCLAT principal bench in New Delhi stayed and kept in abeyance the 7 October order on 9 October, a key fact in the Polycab F&#038;O ban story. The stay is conditional: the appellant must deposit the full amount in the petition by fixed deposit in the name of the NCLAT Registrar within a week, without prejudice to its case.<\/p>\n<p>Polycab&#8217;s filing says the appeal was filed by a person described as a suspended director, while some news reports say Polycab itself challenged the order. I could not reconcile this, so please check the filing.<\/p>\n<p>The Polycab F&#038;O ban was announced after the stay, which tells us NSE&#8217;s framework responds to the admission of the case and not only to its final result. Whether the exit is reversed before 30 December is not stated in any source I found.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Scale_Check_Rs_279_Crore_Against_Polycabs_Business\"><\/span><strong>Scale Check: Rs 2.79 Crore Against Polycab&#8217;s Business<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Alleged debt<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2.79 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operational debt claimed by Asier Metals<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27 revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 8,210 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 39.0% year on year; down 7.4% from Q4<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 FY27 net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 797 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 32.8% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Claim as share of quarterly revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.03%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Claim as share of quarterly profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 0.35%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1.24 lakh crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">During 13 October trade<\/td>\n<\/tr>\n<\/table>\n<p>The claim is tiny against the size of the business, yet an insolvency case under the IBC can be filed once a default crosses Rs 1 crore. That is why a small dispute can still trigger a large reaction, and why the Polycab F&#038;O ban matters more to traders than to the company&#8217;s operations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Polycab_F_O_Ban_What_Traders_Should_Do\"><\/span><strong>Polycab F&#038;O Ban: What Traders Should Do<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Under the Polycab F&#038;O ban, existing positions can be held until expiry, but all open positions face 100% margin.<\/li>\n<li>The Polycab F&#038;O ban means no new expiry month will be listed, so you cannot roll positions beyond December.<\/li>\n<li>Stock derivatives usually expire on the last Tuesday, which would suggest 27 October, 24 November and 29 December (my inference, so confirm with the NSE circular).<\/li>\n<li>Hedgers who used Polycab options need another way to hedge, such as sector exposure.<\/li>\n<li>Plan to close positions before the final expiry to avoid delivery and settlement obligations.<\/li>\n<\/ol>\n<p>A 100% margin means the full contract value must be paid up front, so there is no borrowed exposure on new Polycab F&#038;O positions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Share_Price_Reaction_and_Financials_After_the_Polycab_F_O_Ban\"><\/span><strong>Share Price Reaction and Financials After the Polycab F&#038;O Ban<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 8,405 to Rs 8,414<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Two reports differ slightly<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9:16 am on 13 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 8,071<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 3.97%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Intraday fall<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">More than 5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 5.3% in one report, which implies near Rs 7,970 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Business<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wires and cables, FMEG and EPC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Residential, commercial, industrial and infrastructure use<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Board meeting<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15 October 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 and half-year results<\/td>\n<\/tr>\n<\/table>\n<p>The stock was first eligible for F&#038;O from the September 2021 series, so the Polycab F&#038;O ban ends a listing of about five years.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_and_Open_Questions\"><\/span><strong>Risks and Open Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Case outcome:<\/strong> The NCLAT hearing on 26 October will decide the next step in the insolvency case behind the Polycab F&#038;O ban.<\/p>\n<p><strong>Stay conditions:<\/strong> The stay depends on the deposit being made within a week.<\/p>\n<p><strong>Liquidity:<\/strong> The Polycab F&#038;O ban removes a source of trading volume and hedging for the stock.<\/p>\n<p><strong>Re-entry:<\/strong> A removed stock cannot return to F&#038;O for at least 12 months.<\/p>\n<p><strong>Information gaps:<\/strong> Exact expiry dates and the reversal process are not stated in the sources I found.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next\"><\/span><strong>What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The Q2 FY27 results on 15 October 2026.<\/li>\n<li>Whether the deposit required by the NCLAT stay is made.<\/li>\n<li>The NCLAT hearing on 26 October 2026.<\/li>\n<li>Any NSE update on the Polycab F&#038;O ban or the 100% margin.<\/li>\n<li>How trading volume changes after the Polycab F&#038;O ban takes effect.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Polycab F&#038;O ban starts on 30 December 2026, with 100% margin already in force, because of an insolvency case over about Rs 2.79 crore that is now stayed. The shares still trade in the cash market, so the main impact is on derivative traders. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Polycab_F_O_ban\"><\/span><strong>What is the Polycab F&#038;O ban?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NSE will stop F&#038;O contracts on Polycab India, with no contracts available from 30 December 2026. It is not a ban on trading the shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_still_trade_Polycab_shares\"><\/span><strong>Can I still trade Polycab shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The stock continues to trade in the cash market, at IRP Stage 0 where normal trading and fresh buying continue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_to_my_open_Polycab_F_O_positions\"><\/span><strong>What happens to my open Polycab F&#038;O positions?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> October, November and December contracts trade until expiry, with 100% margin on open and new positions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_NSE_enforcing_the_Polycab_F_O_ban\"><\/span><strong>Why is NSE enforcing the Polycab F&#038;O ban?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> An insolvency petition over an alleged Rs 2.79 crore operational debt was admitted by NCLT Ahmedabad on 7 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_NCLAT_stay_on_Polycab\"><\/span><strong>What is the NCLAT stay on Polycab?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On 9 October 2026 the NCLAT stayed the admission order, subject to a deposit within a week. The appeal is listed for 26 October.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_can_Polycab_return_to_F_O\"><\/span><strong>When can Polycab return to F&#038;O?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not before 12 months, and only after it meets eligibility criteria for six straight months and gets a committee review.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Polycab_share_price_fall\"><\/span><strong>Why did the Polycab share price fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The shares fell about 4% to 5% on 13 October after the F&#038;O exit announcement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_or_sell_Polycab\"><\/span><strong>Should I buy or sell Polycab?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Consult a SEBI-registered financial advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Polycab F&O ban?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"NSE will stop F&O contracts on Polycab India, with no contracts available from 30 December 2026. It is not a ban on trading the shares.\"}},{\"@type\":\"Question\",\"name\":\"Can I still trade Polycab shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The stock continues to trade in the cash market, at IRP Stage 0 where normal trading and fresh buying continue.\"}},{\"@type\":\"Question\",\"name\":\"What happens to my open Polycab F&O positions?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"October, November and December contracts trade until expiry, with 100% margin on open and new positions.\"}},{\"@type\":\"Question\",\"name\":\"Why is NSE enforcing the Polycab F&O ban?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"An insolvency petition over an alleged Rs 2.79 crore operational debt was admitted by NCLT Ahmedabad on 7 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the NCLAT stay on Polycab?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On 9 October 2026 the NCLAT stayed the admission order, subject to a deposit within a week. The appeal is listed for 26 October.\"}},{\"@type\":\"Question\",\"name\":\"When can Polycab return to F&O?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not before 12 months, and only after it meets eligibility criteria for six straight months and gets a committee review.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Polycab share price fall?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The shares fell about 4% to 5% on 13 October after the F&O exit announcement.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy or sell Polycab?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. Consult a SEBI-registered financial advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Polycab F&#038;O ban from 30 December 2026: key dates, 100% margin, the NCLAT stay and what traders should do.<\/p>\n","protected":false},"author":28,"featured_media":304777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[11606,11604,11607,11605,11603,877],"class_list":["post-304778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-100-margin","tag-fo-exit","tag-insolvency-case","tag-nclat-stay","tag-polycab-fo-ban","tag-polycab-india"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["304777"],"rank_math_title":["Polycab F&amp;O Ban From Dec 30: Key Dates and Trading Rules"],"rank_math_description":["Polycab F&amp;O ban from 30 December: see key dates, 100% margin rules, the NCLAT stay, the Rs 2.79 crore insolvency case and what happens to open F&amp;O contracts."],"rank_math_focus_keyword":["Polycab F&O ban"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/polycab-india-f-and-o-ban-from-dec-30-stock-falls-5-key-dates-trading-rules-100.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/304778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=304778"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/304778\/revisions"}],"predecessor-version":[{"id":304779,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/304778\/revisions\/304779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/304777"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=304778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=304778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=304778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}