Description
BSE announces adjustment of F&O contracts in Coal India Ltd due to interim dividend of Rs. 10.25 per share with record date November 04, 2025.
Summary
BSE has announced adjustments to Futures and Options contracts in Coal India Ltd (Derivative Asset Code: COAL, Scrip Code: 533278) following the company’s declaration of an interim dividend of Rs. 10.25 per equity share for FY 2025-26. The adjustments will be implemented on November 03, 2025, with the ex-date being November 04, 2025.
Key Points
- Coal India Ltd has fixed November 04, 2025 as the record date for interim dividend payment
- Interim dividend declared at Rs. 10.25 per equity share for financial year 2025-26
- Adjustments will be made to all available F&O contracts on November 03, 2025
- Ex-date for dividend: November 04, 2025
- Options: Full dividend value of Rs. 10.25 will be deducted from all strike prices
- Futures: Adjusted price = reference rate (daily mark to market settlement price) less Rs. 10.25
Regulatory Changes
This adjustment follows Exchange notice number 20180710-26 regarding review of adjustment of corporate actions for stock options, and is in line with SEBI Master Circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.
Compliance Requirements
- Trading members of Equity Derivatives Segment must note the adjustment parameters
- All market participants with positions in Coal India F&O contracts should account for the adjusted strike prices and futures rates
- Members should contact their respective relationship managers for further details
Important Dates
- October 31, 2025: Notice issued
- November 03, 2025: Adjustment date - strike prices adjusted at end of day
- November 04, 2025: Ex-date - adjusted prices become effective for trading
- November 04, 2025: Record date for interim dividend
Impact Assessment
Options Impact: All existing strike prices for Coal India options will be reduced by Rs. 10.25. New adjusted strike prices will be available for trading from November 04, 2025 onwards.
Futures Impact: Futures contract prices will be adjusted downward by Rs. 10.25 from the mark-to-market settlement price of November 03, 2025. This adjusted rate will serve as the base price/previous close for trading on November 04, 2025.
Market Participants: Traders holding positions in Coal India derivatives should review their positions and margins. The adjustment ensures that derivative prices reflect the underlying stock’s value post-dividend distribution, maintaining pricing parity and preventing arbitrage opportunities.
Impact Justification
Standard corporate action adjustment for F&O contracts affecting traders with positions in Coal India derivatives; interim dividend of Rs. 10.25 per share requires price adjustments.