Description
NSE announces adjustment of Futures and Options contracts for Punjab National Bank (PNB) due to dividend of Rs 3/- per share with ex-date of June 12, 2026.
Summary
NSE has announced the adjustment of Futures and Options contracts for Punjab National Bank (PNB) pursuant to a dividend corporate action. The dividend of Rs 3/- per share (on face value of Rs 2/-) has an ex-date and effective date of June 12, 2026. Revised option strike prices and futures base prices will be communicated one day prior to the ex-date.
Key Points
- Symbol: PNB (Punjab National Bank)
- Corporate action type: Dividend
- Face value: Rs 2/- per share
- Dividend amount: Rs 3/- per share
- Ex-date / Effective date: June 12, 2026
- Revised option strike prices will be provided one day prior to the ex-date
- Adjusted strike/futures base prices and lot sizes may appear in decimal places, rounded to nearest tick size; lot size rounded to nearest integer
- Updated contract files (contract.gz / MII contract and spread files) will be available one day before the ex-date
Regulatory Changes
Adjustments are being made in pursuance of SEBI guidelines for corporate action adjustments to futures and options contracts. The methodology for position adjustments will be separately communicated by the respective Clearing Corporation.
Compliance Requirements
- Members must load the updated contract.gz / MII contract file (
NSE_FO_contract_ddmmyyyy.csv.gz) and spread file (NSE_FO_spdcontract_ddmmyyyy.csv.gz) on their trading applications before trading on June 12, 2026 (ex-date). - Files are available from the directory
faoftp/faocommonon the Extranet server and on the NSE website at https://www.nseindia.com/all-reports-derivatives. - Members should refer to NSE’s corporate actions adjustments page for full adjustment details: https://www.nseindia.com/products-services/equity-derivatives-corporate-actions-adjustments
Important Dates
- Circular Date: May 12, 2026
- Ex-Date / Effective Date: June 12, 2026
- Revised strike prices available: June 11, 2026 (one day prior to ex-date)
Impact Assessment
Traders and members holding open Futures and Options positions in PNB will see adjustments to strike prices, futures base prices, and lot sizes effective from June 12, 2026. Since PNB is a large public sector bank with active F&O participation, the adjustment affects a meaningful volume of open interest. Members must ensure their trading systems are updated with the revised contract files before the ex-date to avoid mismatches in pricing and position calculations. The impact is moderate and operational in nature, requiring procedural compliance rather than any strategic market response.
Impact Justification
Routine F&O contract adjustment for a dividend corporate action on a large-cap PSU bank. Affects traders holding PNB derivatives positions; revised strike prices and contract files must be loaded before ex-date trading.