Description

BSE announces adjustment of F&O contracts in Petronet LNG Ltd due to interim dividend of Rs. 7.00 per share, with ex-date November 14, 2025.

Summary

BSE will adjust all Futures and Options contracts in Petronet LNG Ltd (PLNG, Scrip Code: 532522) on November 13, 2025, due to an interim dividend of Rs. 7.00 per equity share for FY 2025-26. The record date is November 14, 2025, which is also the ex-dividend date. All strike prices for options will be reduced by Rs. 7.00, and futures contracts will be adjusted by deducting the dividend amount from the reference rate.

Key Points

  • Petronet LNG Ltd to pay interim dividend of Rs. 7.00 per equity share for FY 2025-26
  • Record date: November 14, 2025
  • Ex-dividend date: November 14, 2025 (Friday)
  • Adjustment date: November 13, 2025 (Thursday)
  • Derivative asset code: PLNG
  • Equity scrip code: 532522
  • Adjustments apply to all available Futures and Options contracts

Regulatory Changes

This adjustment is made in pursuance of:

  • 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

For Options Contracts:

  • Full dividend value of Rs. 7.00 will be deducted from all strike prices at end of November 13, 2025
  • Adjusted strike prices will be available for trading from November 14, 2025

For Futures Contracts:

  • Adjusted futures price = Reference rate - Rs. 7.00
  • Reference rate = Daily mark-to-market settlement price on November 13, 2025
  • Adjusted rate will serve as base rate/previous close for trading on November 14, 2025

Trading Members:

  • Must account for adjusted prices in their systems
  • Should contact their respective relationship manager for further details

Important Dates

  • November 13, 2025 (Thursday): Adjustment of F&O contracts performed at end of day
  • November 14, 2025 (Friday): Ex-dividend date; adjusted prices effective for trading; Record date for dividend eligibility

Impact Assessment

Market Impact:

  • All existing F&O positions in PLNG will be adjusted for the Rs. 7.00 dividend
  • Options strike prices will be lowered uniformly across all series
  • Futures contracts will trade at adjusted base prices on ex-date
  • No impact on position holdings or contract specifications beyond price adjustment

Operational Impact:

  • Trading members must update systems to reflect adjusted strike prices and futures base prices
  • Risk management systems should account for the dividend adjustment
  • Traders with open positions should be aware of the automatic adjustments to avoid confusion

Financial Impact:

  • Standard dividend adjustment mechanism ensures no arbitrage opportunities
  • Positions maintain economic value post-adjustment
  • Medium impact for active traders and market makers in PLNG derivatives

Impact Justification

Routine dividend adjustment affecting all F&O contracts in PLNG. Medium impact as it affects strike prices and futures prices for active traders in this security.