Description
NSE announces adjustment to F&O contracts for NUVAMA WEALTH MANAGEMENT LIMITED due to 5:1 stock split effective December 26, 2025.
Summary
NSE has announced adjustments to Futures and Options contracts for NUVAMA WEALTH MANAGEMENT LIMITED due to a 5:1 stock split. The adjustments will be effective from December 26, 2025, and include changes to market lot sizes, strike prices, quantity freeze limits, and strike schemes.
Key Points
- Company: NUVAMA WEALTH MANAGEMENT LIMITED
- Corporate Action: Stock Split (5:1 ratio)
- Face Value: Rs 10/-
- Ex-date and Effective Date: December 26, 2025
- Adjustment Factor: 5
- Revised Market Lot: 375 for December 2025 contract; 500 from January 2026 onward contracts
- Revised Quantity Freeze Limit: 15,000
- All existing options strike prices will be adjusted (divided by 5)
- December 2025 contract strike prices range from Rs 1,200 to Rs 1,520 (post-split)
Regulatory Changes
The adjustment is made in pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions. The revised strike scheme will be effective from the trade date after the ex-date.
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 applications before trading on December 26, 2025
- Files are available from the directory faoftp/faocommon on the Extranet server
- Files are also available on NSE website at https://www.nseindia.com/all-reports-derivatives
- Position adjustment methodology will be separately intimated by the respective Clearing Corporation
Important Dates
- Circular Date: December 24, 2025
- Ex-date/Effective Date: December 26, 2025
- Revised Strike Scheme Effective: Trade date after December 26, 2025
Impact Assessment
High Impact on F&O Market Participants:
- All existing F&O positions in NUVAMA will be adjusted with new strike prices and lot sizes
- Strike prices will be divided by adjustment factor of 5 (e.g., Rs 6,000 becomes Rs 1,200)
- Market lot increased from 75 to 375 for December 2025 contracts
- Market lot will be 500 from January 2026 contracts onwards (per earlier circular NSE/FAOP/70554)
- Quantity freeze limit revised to 15,000 shares
- Traders must ensure system updates before trading on ex-date to avoid execution issues
- Both long and short position holders will see automatic adjustments to their contracts
- Options writers and holders must note the new strike price structure detailed in Annexure-1
Impact Justification
5:1 stock split requires immediate adjustment to all F&O contracts including strike prices, lot sizes, and quantity freeze limits, directly impacting all traders with positions in NUVAMA derivatives