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NSE Clearing adjusts ULTRACEMCO F&O contracts for Rs 240 dividend

Futures and options contracts in UltraTech Cement will see strike prices and carry-forward values reduced by Rs 240 per share to neutralise the dividend impact, effective July 30.

23 Jul 2026 Effective July 30, 2026 Affects: Clearing members and trading members with open positions in ULTRACEMCO futures and options.

What changed

Futures positions carried forward at daily settlement price minus Rs 240 from July 30.
Options strike prices reduced by Rs 240 to nearest tick on ex-dividend date.
Mark-to-market on July 29 uses last cum-dividend settlement price.

The read

NSE Clearing is operationalising a routine dividend adjustment for UltraTech Cement's F&O contracts. The Rs 240 per share dividend will be stripped from futures carry-forward values and options strike prices on the ex-dividend date. Existing positions automatically map to adjusted strikes. No member action is required for the remapping, but margin systems must account for the lower contract values from July 30 onward. This is mechanical housekeeping, not a market-moving event.

UltraTech Cement Limited (ULTRACEMCO)Rs 240 dividend

Primary source: official circular (PDF)