Description
NSE announces adjustment of F&O contracts for Hindustan Petroleum Corporation due to dividend of Rs 10.50 effective August 14, 2025.
Summary
NSE has announced the adjustment of Futures and Options contracts for Hindustan Petroleum Corporation Limited (HINDPETRO) due to a dividend declaration of Rs 10.50 per share with face value of Rs 10. The adjustments will be effective from August 14, 2025.
Key Points
- Company: Hindustan Petroleum Corporation Limited (HINDPETRO)
- Corporate action: Dividend payment
- Dividend amount: Rs 10.50 per share
- Face value: Rs 10
- Ex-date and effective date: August 14, 2025
- Revised option strike prices will be provided one day prior to ex-date
Regulatory Changes
Adjustments made in accordance with SEBI guidelines for corporate actions affecting derivatives contracts. Strike prices and lot sizes may appear in decimal places and will be rounded to nearest tick size and integer respectively.
Compliance Requirements
- Members must load updated contract.gz/MII contract files before trading on ex-date
- Files available from faoftp/faocommon directory on Extranet server
- MII contract and spread files also available on NSE website
- Position adjustment methodology to be communicated separately by Clearing Corporation
Important Dates
- August 13, 2025: Revised strike prices and contract details to be made available
- August 14, 2025: Ex-date and effective date for dividend adjustment
Impact Assessment
Standard operational impact requiring technical updates to trading systems. Members need to ensure proper file updates to avoid trading disruptions. Contract parameters will be adjusted according to established methodology for dividend corporate actions.
Impact Justification
Standard dividend adjustment affecting F&O contracts with specific operational requirements for members