Description
BSE announces adjustments to Futures & Options contracts for Angel One Ltd (ANOL) due to a 10:1 stock split with record date February 26, 2026, resulting in an adjustment factor of 10 applied to strike prices, market lot, positions, and futures prices.
Summary
BSE has announced mandatory adjustments to all Futures & Options contracts on Angel One Ltd (Scrip Code: 543235, Derivatives Asset Code: ANOL) in accordance with SEBI guidelines for corporate action adjustments. The adjustments are triggered by a 10:1 stock split (sub-division of one equity share of Rs. 10 each into ten equity shares of Rs. 1 each), with the Record Date fixed as February 26, 2026. All contract adjustments will be applied at end of day on February 25, 2026.
Key Points
- Angel One Ltd has announced a stock split in the ratio of 10:1 (one share of Rs. 10 → ten shares of Rs. 1)
- Record Date for the stock split is February 26, 2026; ex-date is also February 26, 2026
- Adjustments to all available F&O contracts on ANOL will be applied at end of day on February 25, 2026
- The adjustment factor is 10 (calculated as split ratio A/B = 10/1)
- Strike prices will be divided by 10 (e.g., 1950 → 195, 2000 → 200)
- Market lot will be multiplied by 10 (existing lot of 250 → revised lot of 2500)
- Open positions will be multiplied by 10
- Futures prices will be divided by 10, rounded to nearest tick size
Regulatory Changes
Adjustments are being made in pursuance of SEBI guidelines governing the adjustment of Futures & Options contracts on announcement of corporate actions. No new regulatory framework is introduced; this circular operationalises existing SEBI-mandated adjustment procedures.
Compliance Requirements
- All trading members in the Equity Derivatives Segment must take note of the revised contract specifications effective February 26, 2026
- Members should update their systems to reflect the new strike prices, market lot size (2500), and adjusted futures prices before trading commences on February 26, 2026
- Members with open ANOL F&O positions should review their risk exposure in light of the adjusted parameters
- For clarifications, trading members are requested to contact their designated Relationship Managers at BSE
Important Dates
| Event | Date |
|---|---|
| Circular Date | February 20, 2026 |
| Contract Adjustment Effective (EOD) | February 25, 2026 |
| Ex-Date / Record Date | February 26, 2026 |
Impact Assessment
This adjustment has a high operational impact on all participants holding open Futures & Options positions in Angel One Ltd. The 10:1 adjustment factor will significantly alter the nominal values of strike prices and futures prices (divided by 10) while increasing the market lot size and position counts tenfold. Net economic exposure remains equivalent, but systems, risk models, and order management parameters must be updated accordingly. Members who fail to account for these adjustments may face erroneous margin calculations or mispriced orders on the ex-date. The increased market lot (250 → 2500 shares) may also affect liquidity dynamics and margin requirements at the contract level.
Impact Justification
Directly affects all open F&O positions in Angel One Ltd; requires mandatory contract adjustments to strike prices, market lots, and futures prices for all trading members holding ANOL derivatives before ex-date.