Description
BSE announces adjustments to HPCL derivatives contracts due to Rs. 10.50 final dividend with record date August 14, 2025.
Summary
BSE will adjust all Futures and Options contracts for Hindustan Petroleum Corporation Ltd (HPCL) due to the company’s final dividend of Rs. 10.50 per share for FY 2025-26, with adjustments effective August 14, 2025.
Key Points
- HPCL has declared final dividend of Rs. 10.50 per equity share for FY 2025-26
- Record date: August 14, 2025
- Ex-date: August 14, 2025
- Adjustments will be made on August 13, 2025
- All existing Futures and Options contracts on HPCL will be adjusted
Regulatory Changes
Adjustments follow Exchange notice 20180710-26 and SEBI Master circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016 regarding corporate action adjustments for stock options.
Compliance Requirements
- Trading members must be aware of adjusted strike prices and futures rates
- Members should contact relationship managers for clarification
- Adjusted contracts available for trading from August 14, 2025
Important Dates
- August 13, 2025: Adjustment date for all contracts
- August 14, 2025: Ex-date and record date
- August 14, 2025: Adjusted contracts available for trading
Impact Assessment
Options Contracts: All strike prices will be reduced by Rs. 10.50 (full dividend amount) at end of August 13, 2025.
Futures Contracts: Adjusted futures price = reference rate minus Rs. 10.50, using daily mark-to-market settlement price of August 13, 2025 as reference rate.
Impact Justification
Standard dividend adjustment affecting active derivatives traders in HPCL contracts