Sammaan Capital is set to be excluded from the derivatives segment after failing to meet the eligibility norms laid down by the exchanges. Notably, the stock is currently under the F&O ban, indicating elevated speculative positioning and restrictions on fresh derivative exposure.

As per the latest circular, no fresh contracts will be introduced beyond the current expiry cycle, and the stock will cease to be available in the F&O segment from July 1, 2026. Existing contracts for April, May and June will continue to trade till expiry.  

The exit follows SEBI’s framework, which mandates that only stocks with adequate liquidity and market depth remain in the derivatives space. To qualify, stocks must rank among the top 500 by average market capitalisation and traded value, and meet thresholds such as median quarter sigma order size (₹75 lakh), market-wide position limit (₹1,500 crore) and average daily delivery value (₹35 crore) over a rolling six-month period.  

In addition, the Product Success Framework (PSF) requires minimum activity levels — at least 15 per cent of active traders or 200 participants (whichever is lower), trading on 75 per cent of sessions, average daily turnover of ₹75 crore and open interest of ₹500 crore. Failure to meet any of these for three consecutive months triggers exclusion.  

Sammaan Capital appears to have fallen short on one or more of these parameters, leading to its removal.

For traders, liquidity is likely to thin out as the contract nears final expiry. Fresh positions are best avoided, while existing trades should be managed within the remaining cycles.

Published on April 18, 2026