Description
NSE announces adjustment of F&O contracts for WIPRO Limited due to dividend of Rs 6/- per share with ex-date January 27, 2026. Strike prices to be revised for all options contracts.
Summary
National Stock Exchange of India Limited has announced the adjustment of Futures and Options contracts for WIPRO LIMITED due to a dividend payment of Rs 6/- per share (face value Rs 2/-). The ex-date and effective date for this adjustment is January 27, 2026. All options strike prices will be revised downward by Rs 6/- to reflect the dividend payment, as per SEBI guidelines for corporate action adjustments.
Key Points
- Company: WIPRO LIMITED
- Corporate Action Type: Dividend
- Face Value: Rs 2/-
- Dividend Amount: Rs 6/- per share
- Ex-Date & Effective Date: January 27, 2026
- All existing options strike prices will be adjusted downward by Rs 6/-
- Example: Strike price of Rs 200.00 revised to Rs 194.00
- Revised prices will appear in decimal places and be rounded to nearest tick size
- Lot sizes will be rounded to nearest integer
- Members must load updated contract.gz/MII contract and spread files before trading on ex-date
Regulatory Changes
No new regulatory changes introduced. This circular implements existing SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions.
Compliance Requirements
- Trading members must download and load updated contract files (NSE_FO_contract_ddmmyyyy.csv.gz) and spread files (NSE_FO_spdcontract_ddmmyyyy.csv.gz) from the faoftp/faocommon directory on Extranet server
- Files must be loaded on trading applications before trading begins on January 27, 2026
- MII contract and spread files also available on NSE website at https://www.nseindia.com/all-reports-derivatives
- Members should refer to adjustment details at https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments
- Position adjustment methodology will be separately communicated by respective Clearing Corporation
Important Dates
- January 23, 2026: Circular issued
- January 27, 2026: Ex-date and effective date for dividend adjustment
Impact Assessment
Market Impact: Medium - affects all open Futures and Options positions in WIPRO across multiple expiries. The Rs 6/- dividend represents a significant adjustment that will impact pricing and positions for all market participants holding WIPRO derivatives.
Operational Impact: Trading members must ensure systems are updated with revised strike prices before market opening on January 27, 2026. The annexure lists 66+ option contracts across various strike prices (ranging from Rs 200 to Rs 270) that will be adjusted, with the January 27, 2026 expiry being immediately affected. Failure to update contract files could result in trading errors or system mismatches.
Impact Justification
Routine corporate action adjustment affecting all F&O contracts of WIPRO with specific strike price revisions required for trading members