ITM Put , share delivery at expiry

Zerodha
1

I have 1 lot deep ITM put and 1 lot equivalent shares in demat.

On expiry will zerodha automatically deduct shares from demat?

I hope its an automatic process ,i don’t need to do anything from myside( cdsl authorization, some consent or any process etc) My POA is inactive.

Any one has experience in expiry delivery of share at Zerodha.

@ShubhS9 @siva @Jason_Castelino

2

I have given POV to zerodha so I had to do nothing.
But logically speaking you will have to give authorisation. You have nothing to lose even if its not required. So why dont you you authorise the broker on the expiry day.

3

As you’ve not submitted the POA, you will have to authorize the debit of shares on day if expiry. Other than this you don’t have to do anything.

4

Many thanks for your response.

@ShubhS9 @Jason_Castelino

5

@ShubhS9 : For long ITM Put , i can see Delivery margin gets blocked( from Wednesday=50% of contract value). This margin can be non-cash collateral as well right ? Like there is no differentiation between cash , non cash ,cash equivalent margin against collateral ( or 50-50 Cash -non cash equivalent rule)?

Ps: I have equivalent stock as well to give the delivery.