Description

BSE announces adjustment of F&O contracts in Bharat Petroleum Corporation Ltd due to interim dividend of Rs. 10/- per share with ex-date February 02, 2026.

Summary

BSE will adjust all Futures and Options contracts in Bharat Petroleum Corporation Ltd (BPCL) on February 01, 2026, following the company’s declaration of an interim dividend of Rs. 10.00 per equity share. The adjustments will be effective from February 02, 2026 (ex-date), with the record date set as February 02, 2026.

Key Points

  • Interim dividend declared at Rs. 10.00 per equity share for FY 2025-26
  • Record date: February 02, 2026
  • Ex-date: February 02, 2026 (Monday)
  • Adjustment date: February 01, 2026 (Sunday)
  • Derivative asset code: BPCL
  • Equity scrip code: 500547
  • All existing F&O contracts on BPCL will be adjusted

Regulatory Changes

This action is taken in pursuance of:

  • Exchange notice number 20180710-26 regarding Review of Adjustment of corporate actions for stock options
  • SEBI Master circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016

Adjustment Methodology

Options Contracts

  • Full dividend value of Rs. 10.00 will be deducted from all strike prices
  • Adjustment will be made at end of February 01, 2026
  • Adjusted strike prices will be available for trading from February 02, 2026

Futures Contracts

  • Adjusted futures price = Reference rate - Rs. 10.00
  • Reference rate: Daily mark-to-market settlement price on February 01, 2026
  • Adjusted rate will serve as base rate/previous close for trading on February 02, 2026

Important Dates

  • January 28, 2026: Circular issued
  • February 01, 2026: Adjustment of contracts (Sunday)
  • February 02, 2026: Ex-date; adjusted contracts available for trading (Monday)
  • February 02, 2026: Record date for dividend eligibility

Impact Assessment

Market Impact

  • All traders with open F&O positions in BPCL must account for Rs. 10 adjustment
  • Strike prices for all options series will be reduced by Rs. 10
  • Futures settlement prices will be adjusted downward by Rs. 10

Operational Requirements

  • Trading members need to monitor adjusted strike prices and futures base rates
  • Position tracking systems must reflect the adjusted values
  • Members should contact relationship managers for clarification if needed

Trading Considerations

  • Standard corporate action adjustment for interim dividend
  • No change to contract lot sizes or other specifications
  • Existing positions will be automatically adjusted by the exchange

Impact Justification

Affects all F&O positions in BPCL; standard dividend adjustment procedure requiring position monitoring by traders