Description

BSE announces adjustment of F&O contracts for Infosys Ltd (INFY) due to final dividend of Rs. 25.00 per share for FY2026-27, with ex-date of June 10, 2026.

Summary

BSE has announced mandatory adjustments to all Futures and Options contracts on Infosys Ltd (INFY, Scrip Code: 500209) in the Equity Derivatives Segment. The adjustment is triggered by Infosys fixing June 10, 2026 as the Record Date for payment of a Final Dividend of Rs. 25.00 per equity share for FY2026-27. All adjustments take effect on the ex-date, June 10, 2026.

Key Points

  • Infosys Ltd (INFY) has declared a Final Dividend of Rs. 25.00 per equity share for FY2026-27
  • Record Date is June 10, 2026; ex-date is June 10, 2026 (Wednesday)
  • Exchange will make adjustments to all available F&O contracts on June 09, 2026 (Tuesday)
  • All strike prices for Options contracts will be reduced by Rs. 25.00
  • Futures contract base prices will be reduced by Rs. 25.00 from the June 09, 2026 MTM settlement price
  • Adjustment is in pursuance of 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 are introduced. The adjustment follows existing SEBI and BSE frameworks for handling corporate actions in derivative contracts, specifically SEBI Master Circular No. SEBI/HO/MRD/DP/CIR/P/2016/135 (December 16, 2016) and BSE Notice 20180710-26 on Review of Adjustment of Corporate Actions for Stock Options.

Compliance Requirements

  • Trading members of the Equity Derivatives Segment must take note of the adjusted strike prices and futures base rates effective June 10, 2026
  • Members should update their systems to reflect adjusted contract parameters before the start of trading on June 10, 2026
  • Members requiring further clarification should contact their respective BSE relationship manager

Important Dates

  • May 14, 2026: Notice issued by BSE
  • June 09, 2026 (Tuesday): Exchange applies adjustments; reference rate (MTM settlement price) used for futures adjustment
  • June 10, 2026 (Wednesday): Ex-date and Record Date; adjusted strike prices and futures base rates become effective for trading

Impact Assessment

All open INFY Options contracts will have their strike prices reduced by Rs. 25.00 at end of day on June 09, 2026. All open INFY Futures contracts will have their base/previous close price reduced by Rs. 25.00 from the June 09, 2026 MTM settlement price. Traders with open positions in INFY derivatives must account for these mechanical adjustments to avoid mispricing or unexpected P&L impacts. The adjustment is value-neutral in theory but operationally significant for risk management, margin calculations, and automated trading systems.

Impact Justification

Directly affects pricing and settlement of all INFY F&O contracts; traders holding positions must account for Rs. 25 strike price and futures price adjustments effective June 10, 2026.