Description
BSE announces adjustment of Futures and Options contracts on Bank of India (BOIL) due to dividend of Rs. 4.65 per share for FY 2026-27, with adjustments effective May 29, 2026.
Summary
BSE has announced adjustments to all Futures and Options contracts on Bank of India (Derivative Asset Code: BOIL, Equity Scrip Code: 532149) in the Equity Derivatives Segment. The adjustment is triggered by the company’s dividend of Rs. 4.65 per equity share for FY 2026-27, with May 29, 2026 fixed as the Record Date. Adjustments will be applied on May 27, 2026 (the ex-date is May 29, 2026).
Key Points
- Bank of India has declared a dividend of Rs. 4.65 per equity share for FY 2026-27
- Record Date: May 29, 2026
- Exchange adjustment date: May 27, 2026 (Wednesday)
- Ex-date: May 29, 2026 (Friday)
- All available F&O contracts on BOIL will be adjusted
- Adjustment is pursuant to Exchange Notice 20180710-26 and SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016
Regulatory Changes
No new regulatory changes introduced. This notice is issued in accordance with existing SEBI and BSE guidelines on adjustment of F&O contracts for corporate actions (dividends). The methodology follows the established framework under SEBI Master Circular No. SEBI/HO/MRD/DP/CIR/P/2016/135.
Compliance Requirements
- Trading members of the Equity Derivatives Segment are notified to account for the adjusted strike prices and futures base rates effective May 29, 2026
- Members should inform clients holding open positions in Bank of India F&O contracts about the upcoming adjustments
- Members may contact their respective BSE relationship managers for further details
Important Dates
| Date | Event |
|---|---|
| May 14, 2026 | Notice issued by BSE |
| May 27, 2026 (Wednesday) | Adjustment applied at end of day; adjusted strike prices and futures prices computed |
| May 29, 2026 (Friday) | Ex-date and Record Date; adjusted prices effective for trading |
Impact Assessment
Options Contracts: Rs. 4.65 will be deducted from all strike prices of available Bank of India options contracts at the close of May 27, 2026. The adjusted strike prices will be effective for trading from May 29, 2026.
Futures Contracts: The adjusted futures price for each contract will be calculated as the daily mark-to-market (MTM) settlement price on May 27, 2026 minus Rs. 4.65. This adjusted price will serve as the base rate/previous close for trading on May 29, 2026.
Market Impact: This is a standard corporate action adjustment with moderate impact limited to derivatives traders holding open positions in Bank of India (BOIL) contracts. The adjustment ensures no artificial profit or loss is created for derivatives holders due to the dividend payout. Traders should review their open positions and margin requirements ahead of May 27, 2026.
Impact Justification
Routine F&O contract adjustment for a dividend corporate action on Bank of India; directly affects all open futures and options positions on BOIL but is a standard exchange mechanism with defined adjustment methodology.