Description
BSE announces adjustments to IOCL futures and options contracts due to Rs. 3.00 final dividend with record date August 8, 2025.
Summary
BSE will adjust all Futures and Options contracts for Indian Oil Corporation Ltd (IOCL) due to a final dividend of Rs. 3.00 per share for FY 2025-26. The adjustments will be made on August 7, 2025, with the ex-date being August 8, 2025.
Key Points
- Company: Indian Oil Corporation Ltd (Derivative Asset code: IOCL, Equity Scrip Code: 530965)
- Dividend amount: Rs. 3.00 per equity share (final dividend for FY 2025-26)
- Record date: August 8, 2025
- Adjustment date: August 7, 2025 (Thursday)
- Ex-date: August 8, 2025 (Friday)
Regulatory Changes
No new regulatory changes introduced. This follows existing SEBI guidelines per Master circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.
Compliance Requirements
- Trading members of Equity Derivatives Segment must be aware of the adjustments
- Members should contact their respective relationship managers for further details
Important Dates
- August 7, 2025: Adjustment date for all F&O contracts
- August 8, 2025: Ex-date and record date for dividend
- August 8, 2025: Adjusted contracts available for trading
Impact Assessment
Options Contracts: All strike prices will be reduced by Rs. 3.00 at the end of August 7, 2025, with adjusted strikes available for trading from August 8, 2025.
Futures Contracts: Adjusted futures price will be the reference rate (daily mark-to-market settlement price on August 7, 2025) minus Rs. 3.00, which becomes the base rate for trading on August 8, 2025.
Impact Justification
Routine dividend adjustment affecting derivative contracts for a major oil company