Description

BSE announces adjustment of F&O contracts in IOCL due to interim dividend of Rs. 5.00 per share, effective December 18, 2025.

Summary

BSE has announced adjustments to all Futures and Options contracts in Indian Oil Corporation Ltd (IOCL) due to an interim dividend of Rs. 5.00 per equity share. The adjustments will be made on December 17, 2025, with the ex-date being December 18, 2025. This follows the company’s announcement of a record date of December 18, 2025, for dividend payment for FY 2025-26.

Key Points

  • Indian Oil Corporation Ltd (Derivative Asset Code: IOCL, Equity Scrip Code: 530965) declared interim dividend of Rs. 5.00 per share
  • Record Date: December 18, 2025
  • Adjustment Date: December 17, 2025
  • Ex-Date: December 18, 2025
  • All existing F&O contracts on IOCL will be adjusted
  • Adjustments made in accordance with SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016

Regulatory Changes

No new regulatory changes. This adjustment is in compliance with existing SEBI regulations and Exchange 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 December 18, 2025
  • Note adjusted base rates for Futures contracts effective December 18, 2025
  • Contact respective relationship managers for further details
  • Ensure systems reflect the adjusted prices from ex-date onwards

Important Dates

  • December 16, 2025: Notice issued
  • December 17, 2025: Adjustment date - adjustments made at end of day
  • December 18, 2025: Ex-date - adjusted prices effective for trading
  • December 18, 2025: Record date for dividend eligibility

Impact Assessment

Options Contracts:

  • Rs. 5.00 will be deducted from all strike prices
  • Adjustment made on all strikes generated at end of December 17, 2025
  • New adjusted strike prices available for trading from December 18, 2025

Futures Contracts:

  • Adjusted futures price = Reference rate - Rs. 5.00
  • Reference rate is the daily mark-to-market settlement price on December 17, 2025
  • Adjusted rate serves as base/previous close for trading on December 18, 2025

Market Impact:

  • Standard corporate action adjustment with medium impact on derivative positions
  • Traders holding IOCL F&O positions need to factor in dividend adjustment
  • No impact on physical equity market beyond normal ex-dividend price adjustment

Impact Justification

Standard corporate action adjustment affecting all F&O contracts in IOCL; routine process for dividend payments but impacts derivative pricing and positions.