Description
BSE announces adjustment of IOCL F&O contracts due to final dividend of Rs. 3.00 per share with record date August 8, 2025.
Summary
BSE will adjust all Futures and Options contracts for Indian Oil Corporation Ltd (IOCL) due to the company’s final dividend payment of Rs. 3.00 per equity share for FY 2025-26. The adjustments will be implemented on August 7, 2025, with ex-date being August 8, 2025.
Key Points
- IOCL has declared final dividend of Rs. 3.00 per equity share for FY 2025-26
- Record date set as August 8, 2025
- All F&O contracts on IOCL will be adjusted on August 7, 2025
- Ex-date is August 8, 2025
- Derivative Asset Code: IOCL, Equity Scrip Code: 530965
Regulatory Changes
Adjustments made in accordance with:
- Exchange notice number 20180710-26 regarding Review of Adjustment of corporate actions for stock options
- SEBI Master circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016
Compliance Requirements
Options Contracts:
- Full dividend value of Rs. 3.00 will be deducted from all strike prices
- Adjustments applied at end of August 7, 2025
- Adjusted strike prices available for trading from August 8, 2025
Futures Contracts:
- Adjusted futures price = Reference rate minus Rs. 3.00 dividend
- Reference rate will be daily mark-to-market settlement price on August 7, 2025
- Adjusted rate becomes base rate/previous close for August 8, 2025 trading
Important Dates
- August 7, 2025: Adjustment implementation date
- August 8, 2025: Ex-date and record date for dividend
- August 8, 2025: Adjusted contracts available for trading
Impact Assessment
All existing IOCL derivative positions will be automatically adjusted to reflect the dividend impact. Trading members should ensure clients are aware of the adjustments. The Rs. 3.00 dividend adjustment will affect contract pricing and may impact trading strategies and risk management for IOCL derivatives.
Impact Justification
Affects all IOCL derivative contracts with specific price adjustments for dividend payment