28 Nov 2025, 04:15 PM

Scheme of arrangement in HINDUNILVR

Hindustan Unilever Limited(HINDUNILVR) is undergoing a corporate action for the Scheme of Arrangement (Demerger). 

Corporate action Ex-date: December 05, 2025

All existing contracts with expiry dates December 30, 2025, January 27, 2026 and February 24, 2026, will expire on Thursday, December 04, 2025. The contracts will be settled by way of physical settlement. You can read more on our policy on physical settlement here.

Note: The expiry date on our trading platform would display the original dates, i.e., December 30, 2025, January 27, 2026 and February 24, 2026; however, the contract will be available for trading only till December 04, 2025. On December 04, 2025, the NRML order type will remain blocked throughout the day(All intraday order types will be available to trade).

Derivative contracts on HINDUNILVR shall be introduced again with expiry dates—December 30, 2025, January 27, 2026 and February 24, 2026, from December 05, 2025, onwards, it is the ex-date of the underlying. The list of new option strikes will be provided one day prior to the ex-date/effective date.

A pre-open call auction session shall be conducted for HINDUNILVR in the capital market segment on December 05, 2025, from 9 AM to 10 AM. This is to determine the opening price of HINDUNILVR, based on which a minimum of five in-the-money strikes, one at-the-money strike, and five out-of-the-money strikes will be made available to the market. New option strikes will be made available based on the price discovered in the SPOS session of the Capital Market segment on the ex-date.

Refer to the NSE circular here and the adjustment details here. 

For MTF Positions –  MTF positions will be squared off a day before the ex-date for corporate actions (except bonus, split, dividend, and rights).

Positions will be squared off on December 04, 2025, for the upcoming demerger, with a record date of December 05, 2025.

To retain your holdings, please convert to delivery (CNC) by 4:00 PM, December 03, 2025.

More on MTF here.