Description

BSE announces adjustments to F&O contracts for Inox Wind Ltd due to rights issue in 5:78 ratio at Rs. 120 per share with record date July 29, 2025.

Summary

BSE announces mandatory adjustments to all Futures and Options contracts for Inox Wind Ltd (scrip code: 539083, derivatives code: INOX) effective July 28, 2025 end of day, with ex-date July 29, 2025. The adjustments are due to the company’s rights issue offering 5 equity shares for every 78 existing shares at Rs. 120 per share. The calculated adjustment factor is 0.985224, which will be applied to strike prices, futures prices, and market lots.

Key Points

  • Rights issue ratio: 5 new shares for every 78 existing shares
  • Issue price: Rs. 120 per equity share
  • Record date: July 29, 2025
  • Ex-date: July 29, 2025
  • Adjustment effective: July 28, 2025 end of day
  • Adjustment factor: 0.985224
  • Market lot changes from 3225 to 3273 shares

Regulatory Changes

No new regulatory changes introduced. BSE is implementing existing SEBI guidelines for adjustment of Futures & Options contracts on corporate actions announcements.

Compliance Requirements

  • Trading members must download updated contract master file on adjustment day
  • All existing F&O positions will be automatically adjusted by the exchange
  • Members should contact designated Relationship Managers for clarifications
  • Strike prices and market lots will be revised according to the adjustment factor

Important Dates

  • July 28, 2025: Contract adjustments effective end of day
  • July 29, 2025: Ex-date for rights issue and record date

Impact Assessment

Market Impact: All existing Inox Wind Ltd derivatives positions will be adjusted, affecting strike prices (multiplied by 0.985224) and market lots (divided by 0.985224). This ensures continuity of contracts while maintaining economic equivalence post-rights issue.

Operational Impact: Trading systems will automatically implement adjustments. Traders holding positions need to be aware of revised contract specifications. The change in market lot from 3225 to 3273 shares will affect position sizing and margin calculations.

Impact Justification

Significant contract adjustments affecting all F&O positions in Inox Wind Ltd, impacting strike prices and market lots for derivatives traders