Description

BSE announces adjustments to F&O contracts in Petronet LNG Ltd due to interim dividend of Rs. 7.00 per share, effective November 14, 2025.

Summary

BSE has announced adjustments to Futures and Options contracts for Petronet LNG Ltd (PLNG) following the company’s declaration of an interim dividend of Rs. 7.00 per equity share for FY 2025-26. The adjustments will be made on November 13, 2025, with the ex-date being November 14, 2025. All option strike prices will be reduced by Rs. 7.00, and futures prices will be adjusted by deducting the dividend amount from the reference rate.

Key Points

  • Petronet LNG Ltd has fixed November 14, 2025 as the Record Date for interim dividend payment
  • Interim dividend declared at Rs. 7.00 per equity share for FY 2025-26
  • Adjustments will be made to all available F&O contracts on November 13, 2025
  • Ex-date for the dividend is November 14, 2025
  • Derivative Asset Code: PLNG, Equity Scrip Code: 532522
  • Adjustments made in line with SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135

Regulatory Changes

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

Compliance Requirements

For Trading Members:

  • Be aware of adjusted strike prices for options contracts effective November 14, 2025
  • Use adjusted futures prices as base rate/previous close for trading from November 14, 2025
  • Contact respective relationship managers for further details if needed

Options Adjustments:

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

Futures Adjustments:

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

Important Dates

  • November 11, 2025: Circular notice date
  • November 13, 2025: Adjustment date for all F&O contracts
  • November 14, 2025: Ex-date for dividend; adjusted prices become effective for trading
  • November 14, 2025: Record date for interim dividend payment

Impact Assessment

Market Impact:

  • Medium impact on derivatives traders holding positions in PLNG F&O contracts
  • All existing option strike prices will be uniformly reduced by Rs. 7.00
  • Futures contract holders will see adjusted pricing based on November 13 settlement prices

Trading Impact:

  • Traders need to account for adjusted strike prices when placing orders from November 14
  • Futures traders must use adjusted base rates for position management
  • May affect options strategies that are strike-price sensitive

Operational Impact:

  • Automatic adjustment by exchange; no manual intervention required by traders
  • Members should verify adjusted prices before commencing trading on November 14
  • Risk management systems should be updated to reflect new strike prices and futures base rates

Impact Justification

Affects all derivatives traders in PLNG with specific adjustments required for option strikes and futures pricing due to interim dividend payment