Physical Delivery of Put Expiry

I bought 1620 Reliance put options. At expiry the rate was 1515 but I did not square off the position. What will happen since it is physical delivery now.

Provided you maintain sufficient margin, below-given settlement takes place:

  1. You will receive 1620*Lot size amount.
  2. At the same time, you’re supposed to give delivery of the shares (lot size)

If you don’t have shares, it will be short delivered and settled through an auction process.

For more info, click here.