Description
NSE announces dividend adjustment for IOC futures and options contracts with Rs 3/- dividend amount effective August 8, 2025.
Summary
NSE announces dividend adjustment for futures and options contracts in Indian Oil Corporation Limited (IOC) due to dividend declaration of Rs 3/- per share with ex-date August 8, 2025. The circular provides revised option strike prices for August and September 2025 expiries.
Key Points
- Dividend amount: Rs 3/- per share (face value Rs 10/-)
- Ex-date and effective date: August 8, 2025
- Revised option strike prices provided in annexure for 48 contracts
- Contract adjustments follow SEBI guidelines for corporate actions
- Updated contract files must be loaded before trading on ex-date
Regulatory Changes
No new regulatory changes. Standard dividend adjustment procedure following existing SEBI guidelines for futures and options contract adjustments on corporate actions.
Compliance Requirements
- Members must load updated contract.gz/MII contract files before trading on ex-date
- Updated spread files (NSE_FO_spdcontract_ddmmyyyy.csv.gz) must be obtained from faoftp/faocommon directory
- Files also available on NSE website under derivatives reports section
- Position adjustment methodology to be separately communicated by Clearing Corporation
Important Dates
- August 8, 2025: Ex-date and effective date for dividend adjustment
- August 28, 2025: Expiry date for majority of affected option contracts (entries 1-23)
- September 30, 2025: Expiry date for remaining option contracts (entries 24-48)
Impact Assessment
Medium impact on IOC derivative traders and market makers. Standard dividend adjustment will affect pricing and position values for all IOC futures and options contracts. Strike prices reduced by approximately Rs 3/- to account for dividend. Market participants need to update systems and recalibrate positions accordingly.
Impact Justification
Standard dividend adjustment affecting derivative contracts for a major stock