Description

BSE announces adjustments to Wipro Ltd derivatives 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, Equity Scrip Code: 507685) due to the company’s interim dividend payment of Rs. 6.00 per equity share for FY 2025-26. The record date is January 27, 2026, and adjustments will be made on January 23, 2026, with the ex-date being January 27, 2026.

Key Points

  • Wipro Ltd to pay interim dividend of Rs. 6.00 per equity share for FY 2025-26
  • Record date: January 27, 2026
  • Adjustments to be made on: January 23, 2026
  • Ex-date: January 27, 2026
  • All available Futures and Options contracts on Wipro will be adjusted
  • Derivative Asset Code: WIPR, Equity Scrip Code: 507685

Regulatory Changes

This adjustment is conducted 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

For Trading Members:

  • Be aware of the adjusted strike prices for Options contracts effective January 27, 2026
  • Note the adjusted base rate/previous close for Futures contracts effective January 27, 2026
  • Contact respective relationship managers for further details

Options Contracts Adjustment:

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

Futures Contracts Adjustment:

  • Adjusted futures price = Reference rate - Rs. 6.00
  • Reference rate = Daily mark-to-market settlement price on January 23, 2026
  • Adjusted rate applicable as base rate/previous close from January 27, 2026

Important Dates

  • January 20, 2026: Notice date
  • January 23, 2026: Adjustment date for all F&O contracts
  • January 27, 2026: Ex-date and record date; adjusted contracts begin trading

Impact Assessment

Market Impact:

  • Moderate impact on Wipro derivatives traders who hold positions across the ex-date
  • Strike price adjustments of Rs. 6.00 will affect Options pricing and in-the-money/out-of-the-money status
  • Futures contracts will see base price reduction of Rs. 6.00

Operational Impact:

  • Trading members must update systems to reflect adjusted strike prices and futures base rates
  • Position holders need to account for dividend adjustment in their derivatives strategies
  • Standard corporate action procedure with clear timelines provided for implementation

Impact Justification

Standard corporate action adjustment affecting derivatives traders in Wipro. Significant dividend amount requires strike price and futures contract adjustments.