Description
NSE announces adjustment of F&O contracts for INOXWIND due to rights issue with ratio 5:78 at Rs 120, effective July 29, 2025.
Summary
NSE has announced adjustments to Futures and Options contracts for INOX WIND LIMITED (INOXWIND) following a rights issue announcement. The rights issue has a ratio of 5:78 at an issue price of Rs 120 per share, with an ex-date of July 29, 2025.
Key Points
- Rights issue ratio: 5 rights shares for every 78 existing shares
- Issue price: Rs 120 per share with face value Rs 10
- Adjustment factor: 0.985730
- Revised market lot: 3,272 shares
- Revised quantity freeze limit: 130,880 shares
- All changes effective from July 29, 2025
Regulatory Changes
- Contract specifications adjusted according to SEBI guidelines for corporate actions
- Strike prices for options contracts revised based on adjustment factor
- Market lot size and quantity freeze limits updated
- Position adjustment methodology to be communicated separately by Clearing Corporation
Compliance Requirements
- Members must update MII contract and spread files before trading on ex-date
- Files available from faoftp/faocommon directory on Extranet server
- Updated contract files also available on NSE website derivatives section
- Revised strike prices and lot sizes will be rounded to nearest tick size and integer respectively
Important Dates
- July 29, 2025: Ex-date and effective date for all adjustments
- Contract adjustments apply to July 31, 2025 and August 28, 2025 expiry series
Impact Assessment
High impact on derivatives market participants as all existing F&O positions in INOXWIND will be adjusted. The adjustment factor of 0.985730 reflects the dilutive effect of the rights issue. Traders and investors with open positions must account for the revised contract specifications including new strike prices ranging from 128.15 to 162.65 for the July expiry series.
Impact Justification
Significant impact on derivatives trading with contract adjustments affecting lot sizes, strike prices, and position limits