Description
NSE announces adjustment of Futures and Options contracts for Canara Bank (CANBK) due to dividend of Rs 4.20 per share, with ex-date effective June 12, 2026.
Summary
NSE has announced the adjustment of Futures and Options contracts for Canara Bank (symbol: CANBK) pursuant to SEBI guidelines on corporate action adjustments. Canara Bank has declared a dividend of Rs 4.20 per share (face value Rs 2/-), with the ex-date and effective date set as June 12, 2026. Revised option strike prices and futures base prices will be communicated to members one day prior to the ex-date.
Key Points
- Symbol: CANBK (Canara Bank)
- Corporate Action: Dividend
- Face Value: Rs 2/- per share
- Dividend Amount: Rs 4.20/- 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 sizes rounded to nearest integer
- Updated files available via Extranet server directory
faoftp/faocommonand on the NSE website
Regulatory Changes
In accordance with SEBI guidelines for adjustments to futures and options contracts on announcement of corporate actions, NSE is revising the option strike prices and futures base prices for CANBK contracts. The adjustment methodology for position adjustments will be separately intimated by the respective Clearing Corporation.
Compliance Requirements
- Members must load the updated contract files on their trading applications before trading on the ex-date (June 12, 2026)
- Required files to be updated:
- Contract file:
NSE_FO_contract_ddmmyyyy.csv.gz - Spread file:
NSE_FO_spdcontract_ddmmyyyy.csv.gz
- Contract file:
- Files are obtainable from the Extranet server directory
faoftp/faocommonor via the NSE website at the All Reports - Derivatives section - Members should refer to the NSE equity derivatives corporate actions adjustments page for full adjustment details
Important Dates
| Event | Date |
|---|---|
| Circular Date | May 12, 2026 |
| Revised Strike Prices Published | On or before June 11, 2026 (one day prior to ex-date) |
| Ex-Date / Effective Date | June 12, 2026 |
Impact Assessment
Traders and members holding CANBK futures and options positions will see adjusted contract parameters (strike prices, futures base prices, lot sizes) effective from the ex-date of June 12, 2026. The dividend amount of Rs 4.20 per share on a face value of Rs 2 (representing a 210% dividend) is significant and will result in meaningful adjustments to F&O contract parameters. Members must ensure their trading systems are updated with the revised contract files before the market opens on June 12, 2026 to avoid any trading disruptions. Position adjustment methodology will be separately communicated by the Clearing Corporation.
Impact Justification
Routine F&O contract adjustment for a dividend corporate action affecting CANBK derivatives holders; revised strike prices to be notified one day before ex-date, requiring member action to reload contract files.