Description
NSE circular on adjustment of F&O contracts for NUVAMA due to 5:1 stock split effective December 26, 2025, with revised market lots and strike prices.
Summary
NSE has announced adjustments to Futures and Options contracts for NUVAMA WEALTH MANAGEMENT LIMITED due to a 5:1 stock split. The ex-date and effective date is December 26, 2025. The adjustment factor is 5, with revised market lots of 375 for December 2025 contracts and 500 for January 2026 onward contracts. Revised option strike prices will be provided one day prior to the ex-date.
Key Points
- Company: NUVAMA WEALTH MANAGEMENT LIMITED (Symbol: NUVAMA)
- Corporate Action: Stock split with ratio 5:1
- Face value: Rs 10/-
- Ex-date and Effective Date: December 26, 2025
- Adjustment Factor: 5
- Revised Market Lot: 375 for December 2025 contract, 500 for January 2026 onward contracts
- Revised option strike prices to be provided one day before ex-date
- Members must load updated contract.gz/MII contract and spread files before trading on ex-date
Regulatory Changes
This adjustment is made in pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions. The revision in market lot from January 2026 onwards references NSE circular NSE/FAOP/70554 dated September 30, 2025 on Revision in Market Lot of Derivative Contracts on Individual Stocks.
Compliance Requirements
- Members must load updated contract.gz/MII contract files (NSE_FO_contract_ddmmyyyy.csv.gz) and spread files (NSE_FO_spdcontract_ddmmyyyy.csv.gz) on trading application before trading on December 26, 2025
- Files available from faoftp/faocommon directory on Extranet server
- MII contract and spread files also available on NSE website at https://www.nseindia.com/all-reports-derivatives
- Adjustment details can be referred at https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments
- Position adjustment methodology will be separately intimated by respective Clearing Corporation
Important Dates
- December 10, 2025: Circular issuance date
- December 25, 2025: Updated contract and spread files available (one day prior to ex-date)
- December 26, 2025: Ex-date and effective date for all adjustments
Impact Assessment
This stock split adjustment will impact all existing F&O positions in NUVAMA. Traders holding December 2025 contracts will see their lot size adjusted to 375, while new contracts from January 2026 will have lot size of 500. The 5:1 split means stock price will be divided by 5, and strike prices will be adjusted accordingly. The adjustment factor of 5 ensures continuity of contract value and positions. Members must ensure system updates are completed before trading resumes on December 26, 2025 to avoid operational issues.
Impact Justification
Important for F&O traders in NUVAMA as it affects contract specifications, but limited to single stock with adequate notice period