Description

BSE announces adjustments to derivatives contracts for Petronet LNG Ltd due to interim dividend of Rs. 7.00 per share, effective November 14, 2025.

Summary

BSE has announced mandatory adjustments to all Futures and Options contracts for Petronet LNG Ltd (PLNG, Scrip Code: 532522) following the company’s declaration of an interim dividend of Rs. 7.00 per equity share for FY 2025-26. The adjustments will be implemented on November 13, 2025, with the ex-dividend date being November 14, 2025. Record date is November 14, 2025.

Key Points

  • Petronet LNG Ltd declares interim dividend of Rs. 7.00 per equity share for FY 2025-26
  • Record date for dividend: November 14, 2025
  • Ex-dividend date: November 14, 2025 (Friday)
  • Adjustment date: November 13, 2025 (Thursday)
  • All existing Futures and Options contracts on PLNG will be adjusted
  • Adjustments follow SEBI Master Circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016

Regulatory Changes

No new regulatory changes. This adjustment is in line with existing BSE notice number 20180710-26 regarding Review of Adjustment of corporate actions for stock options and SEBI Master Circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.

Compliance Requirements

For Trading Members:

  • Note the adjusted strike prices for Options contracts effective November 14, 2025
  • Note the adjusted base rate/previous close for Futures contracts effective November 14, 2025
  • Contact respective relationship managers for further clarification if needed

Options Contracts Adjustment:

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

Futures Contracts Adjustment:

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

Important Dates

  • November 11, 2025: Circular issued
  • November 13, 2025: Adjustment implementation date (last cum-dividend trading day)
  • November 14, 2025: Ex-dividend date; adjusted contracts begin trading; Record date for dividend eligibility

Impact Assessment

Market Impact:

  • All existing F&O positions in PLNG will be adjusted automatically
  • Strike prices for Options will decrease by Rs. 7.00
  • Futures prices will be adjusted downward by Rs. 7.00 from settlement price
  • Standard corporate action adjustment with no disruption to trading

Operational Impact:

  • Trading members must update systems to reflect adjusted prices
  • Position holders should be aware of automatic adjustments to their contracts
  • No action required from market participants; adjustments are automatic
  • Margin requirements may be recalculated based on adjusted prices

Impact Justification

Routine dividend adjustment affecting all F&O contracts for PLNG; impacts pricing and strike prices but follows standard procedure