Physical Delivery in F&O

What will I-Sec do if I don't take any action on my near month positions of futures and options contracts eligible for physical settlement?

If you don't take any action then in order to avoid the obligation of physical settlement, I-Sec, at its sole discretion, will run the End of Settlement (EOS) process for Physical Settled Underlyings and do the below on best effort basis:  a. Cancel all your fresh and cover pending orders against the specified near month contracts in such physical settled underlyings. b. Square off all your near month expiring open positions in such physical settled delivery based underlying. Note: I-Sec reserves the right to square off your open position on or any time before expiry on a best effort basis post considering the liquidity and open interest in the contract.