In-the-money options or futures contracts of stocks that have expired are physically settled as per exchange rules. In this case you shall receive the stocks on the next trading day (T+1) in your .

But in case of counterparty short , it might take up to 2 working days after the expiry to get these credited into your demat account through purchase from the auction market. In case of partial delivery and unavailability of shares, the remaining portion of the trade may also be settled in cash.