NSE · Corporate Action · Low

NSE adjusts ULTRACEMCO F&O contracts after Rs 240/share dividend announcement

The exchange will revise option strike prices and futures base prices for UltraTech Cement derivatives, effective July 30, 2026, to account for the dividend.

21 Jul 2026 Effective July 30, 2026 Affects: Traders and members with open positions in ULTRACEMCO derivatives

What changed

NSE will adjust ULTRACEMCO F&O contracts for a Rs 240 per share dividend.
Revised strike prices and contract specifications will be available July 29, 2026.
Adjustment follows SEBI guidelines on corporate action adjustments.

The read

This is a routine mechanical adjustment. UltraTech Cement declared a dividend of Rs 240 per share (on face value Rs 10), and NSE is realigning the F&O contracts to keep them economically neutral. The revised strike prices and futures base prices will be published a day before the ex-date. Participants with open positions need to update their trading systems by loading the new contract files before July 30. No broader market impact is expected beyond ULTRACEMCO derivatives holders.

ULTRACEMCORs 240 dividend

Primary source: official circular (PDF)