Description

BSE adjusts F&O contracts for BPCL due to interim dividend of Rs. 7.50 per share, with ex-date November 07, 2025.

Summary

BSE will adjust all Futures and Options contracts for Bharat Petroleum Corporation Ltd (BPCL) on November 06, 2025, due to the company’s interim dividend payment of Rs. 7.50 per equity share. The record date is November 07, 2025, which will be the ex-dividend date. Adjustments follow SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135 and Exchange notice 20180710-26.

Key Points

  • BPCL (Scrip Code: 500547) declared interim dividend of Rs. 7.50 per share for FY 2025-26
  • Adjustments to be made on November 06, 2025 (adjustment date)
  • Ex-dividend date: November 07, 2025
  • Record date: November 07, 2025
  • All available F&O contracts on BPCL will be adjusted
  • Options: Rs. 7.50 will be deducted from all strike prices
  • Futures: Adjusted price = reference rate minus Rs. 7.50

Regulatory Changes

No regulatory changes. This circular implements existing guidelines per SEBI Master Circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016, and Exchange notice number 20180710-26 regarding adjustment of corporate actions for stock options.

Compliance Requirements

  • Trading members of Equity Derivatives Segment must note the adjusted strike prices and futures base prices effective November 07, 2025
  • Members should contact their respective relationship managers for further clarification
  • System updates required to reflect adjusted contract specifications from ex-date

Important Dates

  • November 06, 2025: Adjustment date - Exchange makes necessary adjustments to all F&O contracts
  • November 07, 2025: Ex-dividend date - Adjusted contracts available for trading with new strike prices and base rates
  • November 07, 2025: Record date for interim dividend payment

Impact Assessment

Trading Impact: All existing BPCL options contracts will have strike prices reduced by Rs. 7.50, and futures contracts will use adjusted base prices from November 07, 2025. This is a standard corporate action adjustment with no disruption to trading.

Market Participants: Derivatives traders holding BPCL positions need to be aware of the adjusted contract specifications. Open positions will be automatically adjusted by the exchange.

Operational Impact: Low - routine dividend adjustment handled through automated systems. Reference rate for futures adjustment will be the daily mark-to-market settlement price on November 06, 2025.

Impact Justification

Routine corporate action adjustment affecting all BPCL F&O contracts. Impact limited to derivatives traders with positions in BPCL. Standard dividend adjustment procedure.