NSE adjusts MPHASIS F&O contracts for Rs. 62 dividend
Futures and options on MPHASIS will see a Rs. 62 downward adjustment from July 8, 2026, the ex-dividend date.
What changed
- Futures settlement prices reduced by Rs. 62 on ex-dividend date
- Option strike prices reduced by Rs. 62, adjusted to nearest tick
- Open positions carried forward at adjusted values from July 8
The read
NSE Clearing has mandated standard F&O adjustments for MPHASIS's Rs. 62 per share dividend. Why? To keep derivative contracts fair around the ex-date. From July 08, 2026, futures positions will be carried forward at the previous day's settlement minus Rs. 62, and all option strike prices will be reduced by the same amount — adjusted to the nearest tick. This mechanical process prevents arbitrage between cash and derivatives segments. Traders holding MPHASIS derivatives need not take any action; positions and margins will be recalculated automatically. The impact is narrow: only active MPHASIS F&O holders will see their contract values shift.
Primary source: official circular (PDF)