Description

Adjustment of F&O contracts for Coal India Limited due to dividend of Rs 10.25 per share with ex-date November 4, 2025.

Summary

NSE has announced adjustment of Futures and Options contracts in Coal India Limited (COALINDIA) due to a dividend declaration of Rs 10.25 per share (face value Rs 10). The ex-date and effective date is November 4, 2025. Members must load updated contract files before trading on the ex-date.

Key Points

  • Company: Coal India Limited (COALINDIA)
  • Corporate Action Type: Dividend
  • Face Value: Rs 10
  • Dividend Amount: Rs 10.25 per share
  • Ex-Date: November 4, 2025
  • Revised option strike prices will be provided one day prior to ex-date
  • Adjusted strikes/prices may appear in decimal places and will be rounded to nearest tick size
  • Lot sizes will be rounded to nearest integer

Regulatory Changes

Adjustments are made in pursuance of SEBI guidelines for futures and options contracts on announcement of corporate actions. Full adjustment methodology available at: https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments

Compliance Requirements

  • Members must load updated contract.gz/MII contract files (NSE_FO_contract_ddmmyyyy.csv.gz) before trading on ex-date
  • Members must load updated spread files (NSE_FO_spdcontract_ddmmyyyy.csv.gz) before trading on ex-date
  • Files available from faoftp/faocommon directory on Extranet server
  • Files also available at: https://www.nseindia.com/all-reports-derivatives
  • Position adjustment methodology to be separately intimated by Clearing Corporation

Important Dates

  • October 31, 2025: Circular issued
  • November 3, 2025: Revised contract files with adjusted strike prices to be made available
  • November 4, 2025: Ex-date and effective date for dividend adjustment

Impact Assessment

This dividend adjustment affects all existing Futures and Options contracts in COALINDIA. Traders and members holding positions in COALINDIA F&O contracts must be aware of the adjustments to strike prices, lot sizes, and quantity freeze limits. The significant dividend amount (Rs 10.25 on face value of Rs 10) represents a 102.5% dividend, which will materially impact derivative contract pricing and parameters. Members must ensure systems are updated with revised contract specifications to avoid trading disruptions.

Impact Justification

Standard dividend adjustment affecting all F&O contracts in COALINDIA. Requires members to update contract files and positions before ex-date.