https://www.taxtmi.com/circulars?id=69159 The circular removes calendar spread margin benefit for single stock derivatives on a contract's expiry day: any spread pairing a contract expiring that day with another expiry will not receive offsetting margin treatment for that pairing, while spreads involving only later expiries remain eligible. Stock exchanges and clearing corporations must update systems and amend rules to implement the change; the measure is effective three months from the circular's date. en-us Thu, 05 Feb 2026 00:00:00 +0530 Thu, 05 Feb 2026 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69159 The circular removes calendar spread margin benefit for single stock derivatives on a contract's expiry day: any spread pairing a contract expiring that day with another expiry will not receive offsetting margin treatment for that pairing, while spreads involving only later expiries remain eligible. Stock exchanges and clearing corporations must update systems and amend rules to implement the change; the measure is effective three months from the circular's date. Circulars SEBI Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69159