Description
BSE announces adjustments to F&O contracts for Wipro Ltd due to interim dividend of Rs. 6.00 per share with ex-date January 27, 2026.
Summary
BSE will adjust all Futures and Options contracts for Wipro Ltd (Derivative Asset Code: WIPR, Equity Scrip Code: 507685) on January 23, 2026, due to an interim dividend of Rs. 6.00 per equity share. The adjustments will be effective from the ex-date of January 27, 2026, impacting all strike prices for options and base prices for futures contracts.
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
- Ex-date: January 27, 2026
- Adjustment date: January 23, 2026
- All available Futures and Options contracts will be adjusted
- Options: Rs. 6.00 will be deducted from all strike prices
- Futures: Adjusted price = reference rate minus Rs. 6.00
Regulatory Changes
This adjustment is in pursuance of 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
- Trading members of the Equity Derivatives Segment must note the adjustments
- Members should contact their respective relationship managers for further details
- All trading systems must reflect adjusted strike prices and futures base prices from January 27, 2026
Important Dates
- January 20, 2026: Notice date
- January 23, 2026: Adjustment date - all F&O contracts will be adjusted at end of day
- January 27, 2026: Ex-date - adjusted prices effective for trading
- January 27, 2026: Record date for interim dividend
Impact Assessment
Options Contracts: All strike prices generated at the end of January 23, 2026 will be reduced by Rs. 6.00. The adjusted strike prices will be available for trading from January 27, 2026 onwards.
Futures Contracts: The adjusted futures price will be calculated as the daily mark-to-market settlement price on January 23, 2026 minus Rs. 6.00. This adjusted rate will serve as the base rate/previous close for trading on January 27, 2026.
Market Impact: Moderate impact on derivative traders holding positions in Wipro F&O contracts. Traders need to account for the dividend adjustment in their positions and strategies. Open positions will be automatically adjusted by the exchange.
Impact Justification
Affects all active F&O contracts on Wipro Ltd due to interim dividend payment, requiring strike price and futures price adjustments