Description
NSE announces adjustment of futures and options contracts for Kotak Mahindra Bank Limited due to 5:1 stock split effective January 14, 2026.
Summary
National Stock Exchange of India has issued adjustments to Futures and Options contracts for Kotak Mahindra Bank Limited (KOTAKBANK) following a 5:1 stock split. The adjustment factor is 5, with the ex-date and effective date set as January 14, 2026. The face value has been revised from Rs 5/- following the split ratio of 5:1.
Key Points
- Symbol: KOTAKBANK
- Company: Kotak Mahindra Bank Limited
- Corporate Action Type: Stock Split
- Split Ratio: 5:1
- Face Value: Rs 5/-
- Adjustment Factor: 5
- Revised Market Lot: 2000 (adjusted from previous lot size)
- Revised Quantity Freeze Limit: 60000
- Ex-Date & Effective Date: January 14, 2026
- Revised Strike Prices: Listed in Annexure 1 (e.g., old strike 1800 becomes 360, 2000 becomes 400)
- Revised Strike Scheme: Available in Annexure 2
Regulatory Changes
The adjustments are made in pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions. The revised options strike/futures base prices and lot size will appear in decimal places and shall be rounded off to the nearest tick size. Lot sizes shall be rounded off to the nearest integer.
Members must load updated contract.gz/MII contract files (NSE_FO_contract_ddmmyyyy.csv.gz) and spread files (NSE_FO_spdcontract_ddmmyyyy.csv.gz) before trading on the effective date.
Compliance Requirements
- Trading Members: Must load updated contract and spread files from faoftp/faocommon directory on Extranet server before trading on January 14, 2026
- File Updates: Contract.gz and MII contract files must be updated in trading applications
- Alternative Source: Files also available on NSE website at https://www.nseindia.com/all-reports-derivatives
- Position Adjustments: Methodology will be separately intimated by respective Clearing Corporation
- Reference Documentation: Adjustment details available at https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments
Important Dates
- Circular Date: January 13, 2026
- Ex-Date: January 14, 2026
- Effective Date: January 14, 2026
- Sample Option Expiry: January 27, 2026 (for listed strike adjustments)
Impact Assessment
High Impact on Derivatives Market: All existing futures and options positions in KOTAKBANK will be adjusted with the 5x adjustment factor. This affects:
- Strike Price Adjustments: All option strikes divided by 5 (e.g., Rs 2000 strike becomes Rs 400 strike)
- Lot Size Changes: Market lot revised to 2000 shares
- Quantity Limits: Freeze limit increased to 60000
- Trading Systems: All trading members must update their systems with new contract specifications before market open on January 14, 2026
- Position Holders: All open positions will be adjusted automatically based on the adjustment factor, with details from Clearing Corporation
- Pricing Impact: Base prices and strike prices will reflect the 5:1 split with appropriate decimal adjustments
Contact Information:
- Toll Free: 1800-266-0050 (Option 1)
- Email: msm@nse.co.in
- Issued by: Khushal Shah, Associate Vice President, F&O Department
Impact Justification
Stock split requires immediate adjustment of all F&O contracts with revised lot sizes, strike prices, and quantity limits affecting all derivative traders in KOTAKBANK