Description

BSE announces adjustments to F&O contracts for Nuvama Wealth Management Ltd following a 5:1 stock split with record date December 26, 2025.

Summary

BSE has announced mandatory adjustments to all Futures and Options contracts for Nuvama Wealth Management Ltd (Scrip Code: 543988, Derivatives Code: NWML) following the company’s decision to sub-divide equity shares in a 5:1 ratio (from Rs. 10 per share to Rs. 2 per share). The adjustments will be implemented end of day on December 24, 2025, with the ex-date being December 26, 2025, which is also the record date.

Key Points

  • Stock split ratio: 5:1 (one equity share of Rs. 10 split into five shares of Rs. 2 each)
  • Adjustment factor: 5
  • Ex-date and record date: December 26, 2025
  • Adjustments to be applied: End of day on December 24, 2025
  • All existing F&O contracts on NWML will be adjusted
  • Strike prices will be divided by 5
  • Market lot will be multiplied by 5 (from 100 to 500)
  • Positions will be multiplied by 5
  • Futures prices will be divided by 5

Regulatory Changes

Adjustments are being made in pursuance of SEBI guidelines for adjustment of Futures & Options contracts on announcement of corporate actions.

Compliance Requirements

  • Trading members must note the adjusted contract specifications for NWML
  • Members should adjust their systems and client positions accordingly
  • Members may contact their designated Relationship Managers for clarifications
  • All adjustments will be automatically implemented by the exchange

Important Dates

  • December 11, 2025: Notice date
  • December 24, 2025: Adjustments to be applied (end of day)
  • December 26, 2025: Ex-date and Record date for stock split

Impact Assessment

Market Impact: Medium - affects all active F&O positions and open interest in NWML contracts.

Operational Impact: Trading members and investors holding F&O positions in NWML need to be aware of the adjusted contract specifications. Examples of adjustments:

  • Strike price 7200 becomes 1440
  • Strike price 7500 becomes 1500
  • Market lot increases from 100 to 500 shares
  • Existing positions will be multiplied by 5
  • Futures prices will be divided by 5 and rounded to nearest tick size

Trading Impact: The adjustment maintains the economic value of existing positions while aligning derivative contracts with the new share structure post-split.

Impact Justification

Mandatory adjustment affecting all F&O positions in NWML due to corporate action; impacts strike prices, lot sizes, and positions with 5x adjustment factor