Leading stock exchanges, BSE and NSE have excluded United Spirits from the future and option (F&O) segment.
''United Spirits has not submitted financial results for the year ended Mar. 31, 2014 and quarter ended Jun. 30, 2014 as required under Clause 41 of the listing agreement,'' said stock exchanges.
''Thus, fresh month contracts will not be introduced for the expiry month November 2014, on the expiration of August 2014 contracts. All existing contracts i.e. contracts with expiry dates September 25, 2014 and October 30, 2014 will expire on September 18, 2014. Accordingly, no futures and options contracts will be available in the underlying MCDOWELL- N for trading from September 19, 2014 onwards. The methodology for position adjustments shall be separately intimated by NSCCL,'' NSE said.
Shares of the company gained Rs 8.95, or 0.37%, to trade at Rs 2,411. The total volume of shares traded was 244,941 at the BSE (3.42 p.m., Friday).