Description
BSE adjusts HPCL derivatives contracts for Rs. 10.50 dividend with ex-date August 14, 2025.
Summary
BSE will adjust all Futures and Options contracts for Hindustan Petroleum Corporation Ltd (HPCL) due to final dividend payment of Rs. 10.50 per share. Adjustments will be made on August 13, 2025, with ex-date August 14, 2025.
Key Points
- HPCL 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 effective from August 13, 2025
- All available F&O contracts on HPCL will be adjusted
Regulatory Changes
No new regulatory changes. Standard corporate action adjustment procedure as per SEBI Master circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.
Compliance Requirements
- Trading members must note the adjusted strike prices and futures rates
- Contact relationship managers for further clarification if needed
- Follow standard corporate action adjustment procedures
Important Dates
- August 13, 2025: Adjustment date for contracts
- August 14, 2025: Ex-date and record date for dividend
- August 14, 2025: Adjusted rates applicable for trading
Impact Assessment
Options Impact: All strike prices will be reduced by Rs. 10.50 from August 14, 2025. Futures Impact: Adjusted futures price = reference rate minus Rs. 10.50, using daily mark-to-market settlement price of August 13, 2025 as reference. This is a routine adjustment with moderate impact on active HPCL derivatives positions.
Impact Justification
Routine dividend adjustment affecting active derivatives contracts