Description
BSE announces adjustments to all Futures and Options contracts on Canara Bank (CANB) due to final dividend of Rs. 4.20 per share for FY 2026-27, effective ex-date June 12, 2026.
Summary
BSE has announced mandatory adjustments to all Futures and Options contracts on Canara Bank (Derivatives Asset Code: CANB, Equity Scrip Code: 532483) in the Equity Derivatives Segment. The adjustments are triggered by Canara Bank’s declaration of a Final Dividend of Rs. 4.20 per equity share for FY 2026-27, with a Record Date of June 12, 2026.
Key Points
- Canara Bank has declared a Final Dividend of Rs. 4.20 per equity share for FY 2026-27
- Record Date: June 12, 2026; Ex-date: June 12, 2026 (Thursday, June 11, 2026 is the last cum-dividend trading day)
- All F&O contracts on CANB will be adjusted on June 11, 2026
- Adjusted contracts will be available for trading from June 12, 2026
- Adjustment is in line with SEBI Master Circular SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016
Regulatory Changes
No new regulatory changes. This adjustment is executed pursuant to:
- BSE Exchange Notice No. 20180710-26 (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
Compliance Requirements
- Trading members of the Equity Derivatives Segment are informed to account for the adjusted strike prices and futures prices effective June 12, 2026
- Members requiring further clarification should contact their respective BSE Relationship Manager
Important Dates
| Event | Date |
|---|---|
| Circular Date | May 14, 2026 |
| Adjustment Date (F&O contracts adjusted) | June 11, 2026 (Thursday) |
| Ex-Date / Effective Date for adjusted prices | June 12, 2026 (Friday) |
| Record Date (Dividend) | June 12, 2026 |
Impact Assessment
Options Contracts: Rs. 4.20 will be deducted from all strike prices generated at end of day on June 11, 2026. Adjusted strike prices will be available for trading from June 12, 2026.
Futures Contracts: The adjusted futures price = Daily MTM settlement price on June 11, 2026 minus Rs. 4.20. This adjusted rate will serve as the base rate / previous close for trading on June 12, 2026.
Impact is limited to participants holding open F&O positions in Canara Bank (CANB). The adjustment is mechanical and consistent with standard BSE/SEBI procedures for dividend-related corporate actions, ensuring no economic advantage or disadvantage arises from the dividend for derivatives holders.
Impact Justification
Routine corporate action adjustment for a dividend payment affecting F&O contracts on Canara Bank. Impacts only traders holding derivative positions in CANB; strike prices and futures prices will be mechanically adjusted by Rs. 4.20 on ex-date.