Description

NSE Clearing adjusts VEDL futures and options contracts due to dividend payment of Rs. 16.00 per share, effective August 26, 2025.

Summary

NSE Clearing Limited announces adjustments to all Futures and Options contracts in VEDANTA LIMITED (VEDL) due to a dividend payment of Rs. 16.00 per share. The adjustments will be implemented on August 26, 2025 (ex-dividend date), affecting contract valuations and strike prices.

Key Points

  • Dividend amount: Rs. 16.00 per share
  • Last cum-dividend date: August 25, 2025
  • Ex-dividend date: August 26, 2025
  • All existing VEDL futures and options positions will be adjusted
  • Futures contracts will be marked-to-market and carried forward at reduced values
  • Options strike prices will be reduced by the full dividend amount

Regulatory Changes

No regulatory changes - this is a standard dividend adjustment procedure as per existing NSE guidelines.

Compliance Requirements

  • Members must note the adjusted contract specifications
  • All positions will be automatically adjusted by NSE Clearing
  • Begin of day margins on August 26, 2025 will be computed based on adjusted values
  • Normal trading and settlement procedures will resume from ex-dividend date

Important Dates

  • August 25, 2025: Last cum-dividend date, final mark-to-market at original prices
  • August 26, 2025: Ex-dividend date, trading begins with adjusted contract specifications

Impact Assessment

Futures Impact: All open positions will be carried forward at daily settlement price minus Rs. 16.00. For example, positions valued at Rs. 450.00 will be adjusted to Rs. 434.00.

Options Impact: Strike prices will be reduced by Rs. 16.00 and adjusted to nearest tick size. For example:

  • 440.00 strike becomes 424.00
  • 450.00 strike becomes 434.00
  • 460.00 strike becomes 444.00

Market Operations: Standard dividend adjustment with minimal disruption to trading activities. Margin calculations will automatically adjust to new contract values.

Impact Justification

Routine dividend adjustment affecting all VEDL F&O positions but follows standard procedures