NSE adjusts ITC futures and options contracts for ₹8.00 dividend
Open positions in ITC derivatives will see strike prices and contract parameters adjusted on May 27, 2026.
What changed
- NSE will adjust all F&O contracts for ITC due to a ₹8.00 per share dividend.
- Revised strike prices and contract parameters will be published on May 26, 2026.
- Trading members must update system files before the May 27, 2026 ex-date.
The read
NSE is adjusting all ITC futures and options contracts to account for the company's ₹8.00 dividend. This payout, representing 800% of the Re 1 face value, necessitates a recalibration of strike prices and futures base prices to reflect the expected drop in the stock price on the ex-date. The exchange will release the revised contract parameters on May 26, 2026. Traders must ensure their systems are updated with the latest contract files before the market opens on May 27, 2026. Failure to do so risks trading on stale data, which could lead to execution errors. This is a standard mechanical adjustment, but the size of the dividend makes it a critical update for anyone holding active positions in the scrip.
Primary source: official circular (PDF)