Description

BSE announces adjustments to Wipro Ltd F&O contracts due to interim dividend of Rs. 6.00 per share, with ex-date January 27, 2026.

Summary

BSE has announced adjustments to Futures and Options contracts for Wipro Ltd (Derivative Asset Code: WIPR, Scrip Code: 507685) following the company’s interim dividend declaration of Rs. 6.00 per equity share for FY 2025-26. The adjustments will be made on January 23, 2026, with the ex-date being January 27, 2026. All strike prices for options contracts will be reduced by Rs. 6.00, and futures prices will be adjusted downward by the dividend amount.

Key Points

  • Wipro Ltd has declared an interim dividend of Rs. 6.00 per equity share for FY 2025-26
  • Record date for dividend payment: January 27, 2026
  • Adjustment date: January 23, 2026
  • Ex-date: January 27, 2026
  • All existing F&O contracts on Wipro will be adjusted for the dividend amount
  • Derivative Asset Code: WIPR, Equity Scrip Code: 507685

Regulatory Changes

This adjustment is made in pursuance of BSE Exchange notice number 20180710-26 regarding review of adjustment of corporate actions for stock options, and in line with SEBI Master Circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.

Compliance Requirements

For Options Contracts:

  • Full dividend value of Rs. 6.00 will be deducted from all strike prices at the end of January 23, 2026
  • Adjusted strike prices will be available for trading from January 27, 2026

For Futures Contracts:

  • Adjusted futures price = Reference rate minus Rs. 6.00
  • Reference rate will be the daily mark-to-market settlement price of relevant futures contracts on January 23, 2026
  • Adjusted rate will be applicable as base rate/previous close for trading on January 27, 2026

Trading Members:

  • Must account for these adjustments in their systems and client communications
  • Should contact their respective relationship managers for further details

Important Dates

  • January 20, 2026: Circular notice date
  • January 23, 2026: Adjustment date for all F&O contracts
  • January 27, 2026: Ex-dividend date; adjusted contracts begin trading
  • January 27, 2026: Record date for dividend payment

Impact Assessment

Market Impact:

  • All outstanding Wipro F&O contracts will be systematically adjusted to reflect the dividend payout
  • Options traders will see all strike prices reduced by Rs. 6.00
  • Futures traders will see adjusted base prices reflecting the dividend deduction

Operational Impact:

  • Trading members must update their systems to reflect adjusted strike prices and futures prices
  • Position holders need to be aware that their contract specifications will change on the ex-date
  • This is a standard corporate action adjustment that prevents artificial profit/loss due to dividend payments

Risk Considerations:

  • Traders should verify adjusted prices on January 27, 2026 before placing orders
  • Options strategies involving multiple strike prices will have all legs adjusted proportionally
  • No impact on contract multipliers or lot sizes

Impact Justification

Routine corporate action adjustment affecting F&O traders in Wipro, requiring strike price and futures price adjustments for dividend payment