Description
BSE will adjust all Futures and Options contracts on IOCL due to interim dividend of Rs. 5.00 per share, with ex-date December 18, 2025.
Summary
BSE will make necessary adjustments to all Futures and Options contracts on Indian Oil Corporation Ltd (IOCL) on December 17, 2025, due to an interim dividend of Rs. 5.00 per equity share. The record date is December 18, 2025, and the ex-date is also December 18, 2025. The adjustments are made in accordance with SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.
Key Points
- Indian Oil Corporation Ltd (Derivative Asset Code: IOCL, Equity Scrip Code: 530965) has declared an interim dividend of Rs. 5.00 per equity share for FY 2025-26
- Record date for dividend payment: December 18, 2025
- Ex-date for adjustment: December 18, 2025
- Adjustments will be made on December 17, 2025
- For Options: Rs. 5.00 will be deducted from all strike prices
- For Futures: Adjusted price = reference rate (daily mark to market settlement price on Dec 17, 2025) minus Rs. 5.00
Regulatory Changes
No new regulatory changes. This circular implements existing regulations under SEBI Master Circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016, and Exchange notice number 20180710-26 regarding adjustment of corporate actions for stock options.
Compliance Requirements
- Trading members of Equity Derivatives Segment must account for the adjusted strike prices and futures prices in their trading systems
- Members should contact their respective relationship managers for further details
- All positions in IOCL derivatives must be adjusted according to the specified methodology
Important Dates
- December 16, 2025: Notice date and circular issuance
- December 17, 2025: Adjustment date - BSE will make necessary adjustments to all F&O contracts
- December 18, 2025: Ex-date and Record date for interim dividend
- December 18, 2025: Adjusted strike prices and futures prices become effective for trading
Impact Assessment
Options Contracts: All strike prices generated at the end of December 17, 2025, will be reduced by Rs. 5.00. The adjusted strike prices will be available for trading from December 18, 2025 onwards.
Futures Contracts: The adjusted futures price will be calculated as the daily mark-to-market settlement price on December 17, 2025, minus Rs. 5.00. This adjusted rate will serve as the base rate/previous close for trading on December 18, 2025.
Trader Impact: All traders holding IOCL derivative positions need to be aware of these adjustments to properly manage their positions and understand price movements on the ex-date. The adjustment ensures that derivative contracts reflect the economic impact of the dividend distribution.
Impact Justification
Routine corporate action adjustment affecting all F&O contracts on IOCL. Standard dividend adjustment procedure but impacts all derivative traders holding IOCL positions.