Description

NSE announces dividend adjustment of Rs 10/- per share for BPCL futures and options contracts with ex-date on February 2, 2026.

Summary

NSE has announced dividend adjustment for Futures and Options contracts in Bharat Petroleum Corporation Limited (BPCL). A dividend of Rs 10/- per share (face value Rs 10/-) will result in adjustments to option strike prices and futures base prices effective from the ex-date of February 2, 2026.

Key Points

  • Company: Bharat Petroleum Corporation Limited (BPCL)
  • Corporate Action: Dividend
  • Dividend Amount: Rs 10/- per share
  • Face Value: Rs 10/-
  • Ex-Date and Effective Date: February 2, 2026
  • Revised option strike prices will be provided one day prior to ex-date
  • Adjustments will be reflected in contract.gz and MII contract files
  • Strike prices and lot sizes may appear in decimal places and will be rounded to nearest tick size/integer

Regulatory Changes

This adjustment is in pursuance of SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions. The methodology follows NSE’s standard corporate action adjustment framework 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) and spread files (NSE_FO_spdcontract_ddmmyyyy.csv.gz) on trading applications before trading on February 2, 2026
  • Files can be obtained from faoftp/faocommon directory on Extranet server
  • Files also available on NSE website at: https://www.nseindia.com/all-reports-derivatives
  • Members should refer to separate intimation from respective Clearing Corporation for position adjustment methodology

Important Dates

  • January 27, 2026: Circular issued
  • February 1, 2026: Revised strike prices, futures prices, lot size and quantity freeze limits to be available in contract files
  • February 2, 2026: Ex-date and effective date for dividend adjustment

Impact Assessment

This dividend adjustment will impact all existing BPCL futures and options positions. Traders holding BPCL derivatives positions need to be aware of the adjusted strike prices and contract specifications. The Rs 10/- dividend on a Rs 10/- face value represents a 100% dividend, which is significant and will materially affect contract valuations. Members must ensure systems are updated with revised parameters to avoid trading disruptions on the ex-date. Contact: msm@nse.co.in or toll-free 1800-266-0050 (Option 1) for queries.

Impact Justification

Routine dividend adjustment affecting F&O contracts of a major PSU stock. Medium impact as traders need to update contract parameters before ex-date.