Description
NSE announces adjustment of F&O contracts for Indian Oil Corporation Limited due to dividend of Rs 3/- per share with ex-date August 8, 2025.
Summary
NSE announces adjustment of Futures and Options contracts for Indian Oil Corporation Limited (IOC) due to dividend declaration of Rs 3/- per share with face value Rs 10/-. The ex-date and effective date is August 8, 2025.
Key Points
- Company: Indian Oil Corporation Limited (IOC)
- Dividend amount: Rs 3/- per share
- Face value: Rs 10/-
- Ex-date and effective date: August 8, 2025
- Revised option strike prices will be provided one day prior to ex-date
- All adjustments follow SEBI guidelines for corporate actions
Regulatory Changes
No new regulatory changes - adjustments follow existing SEBI guidelines for futures and options contract modifications due to corporate actions.
Compliance Requirements
- Members must load updated contract.gz/MII contract files before trading on ex-date
- Updated files available from faoftp/faocommon directory on Extranet server
- MII contract and spread files also available on NSE website
- Position adjustment methodology to be separately communicated by Clearing Corporation
Important Dates
- August 7, 2025: Revised strike prices and contract details to be published
- August 8, 2025: Ex-date and effective date for dividend adjustment
Impact Assessment
Routine technical adjustment affecting IOC futures and options contracts. Strike prices and lot sizes will be adjusted with decimal places rounded to nearest tick size. Members need to ensure systems are updated with new contract specifications before trading begins on ex-date.
Impact Justification
Routine corporate action affecting F&O contracts of major oil company with specific technical adjustments required