Description
BSE announces adjustment of F&O contracts for Bank of Baroda due to dividend of Rs. 8.50 per share for FY 2026-27, with ex-date June 5, 2026.
Summary
BSE has announced adjustments to all Futures and Options contracts on Bank of Baroda (Derivatives Asset Code: BOBL, Equity Scrip Code: 532134) in the Equity Derivatives Segment. The adjustment is triggered by the company’s declaration of a dividend of Rs. 8.50 per equity share for FY 2026-27, with June 5, 2026 set as the Record Date.
Key Points
- Bank of Baroda has fixed June 5, 2026 as the Record Date for dividend payment of Rs. 8.50 per equity share for FY 2026-27.
- The ex-date is June 5, 2026; contract adjustments will be made at end of day on June 4, 2026.
- All available Futures and Options contracts on BOBL will be adjusted.
- Adjustments are in accordance with BSE Notice No. 20180710-26 and SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016.
Regulatory Changes
No new regulatory changes. This adjustment follows existing SEBI and BSE guidelines for handling corporate actions in derivative contracts:
- SEBI Master Circular No. SEBI/HO/MRD/DP/CIR/P/2016/135 (December 16, 2016)
- BSE Exchange Notice No. 20180710-26 (Review of Adjustment of Corporate Actions for Stock Options)
Compliance Requirements
- Trading members of the Equity Derivatives Segment are informed to note the adjustments.
- Members requiring further details are advised to contact their respective relationship managers at BSE.
- No additional compliance action is required from members beyond awareness of adjusted strike prices and futures prices effective June 5, 2026.
Important Dates
| Event | Date |
|---|---|
| Circular Notice Date | May 14, 2026 |
| Adjustment Calculation Date (end of day) | June 4, 2026 |
| Ex-Date / Adjusted Prices Effective | June 5, 2026 |
| Record Date (Dividend) | June 5, 2026 |
Impact Assessment
Options Contracts: The full dividend amount of Rs. 8.50 will be deducted from all strike prices calculated at end of day June 4, 2026. Adjusted strike prices will be available for trading from June 5, 2026 onwards.
Futures Contracts: The adjusted futures price will be calculated as the daily mark-to-market settlement price of each relevant futures contract on June 4, 2026, minus Rs. 8.50. This adjusted rate will serve as the base rate/previous close for trading on June 5, 2026.
Market Impact: This is a standard mechanical adjustment to maintain economic equivalence of derivative contracts after a dividend event. Traders holding open positions in Bank of Baroda F&O contracts should account for the price adjustment when managing positions around the ex-date.
Impact Justification
Routine F&O contract adjustment for a declared dividend; affects derivative traders holding Bank of Baroda contracts but is a standard corporate action process.