On 24th June 2021 I sold divis labs 4250 ce at 5.5, I forgot to square it off. Now today I received rupees 845000( equal to lot size of divis labs) in my ledger. When should I give delivery to the exchange?? Can I purchase the shares with the funds arranged to me?? Or will I get penalised with some amount ?? Or will it go to auction market?? I request your help. Thanks… I took position in angel broking…
You need to have underlying shares equal to lot size in your account to deliver on the expiry day. If you don’t, the same will result in short delivery, you can learn more about short delivery here.