BSE Ltd.

08/30/2024 | Press release | Distributed by Public on 08/30/2024 09:37

Adjustment of Futures and Options contracts in the security GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD in Equity Derivative Segment

NOTICES
Notice No. 20240830-72 Notice Date 30 Aug 2024
Category Corporate Actions Segment Derivatives
Subject Adjustment of Futures and Options contracts in the security GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD in Equity Derivative Segment
Content

In pursuance of Exchange notice number 20180710-26 regarding Review of Adjustment of corporate actions for stock options, and in line with SEBI Master circular No SEBI/HO/MRD/DP/CIR/P/2016/135 dated December 16, 2016 trading members of Equity Derivatives Segment are hereby informed the following:

GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD(Derivative Asset code -GNFC, Equity Scrip Code -500670) has informed Exchange that the Company has fixed September 06, 2024 as Record Date for the purpose of Payment of Final Dividend at the rate of Rs. 16.50/- per equity share for the financial year 2024-25.<_o3a_p>

In view of the above, the Exchange shall make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD(Derivatives Asset Code - GNFC ) on Thursday , September 05, 2024, the 'ex-date' being Friday, September 06, 2024.<_o3a_p>

A) Adjustments for Options Contracts:<_o3a_p>

The full value of dividend i.e. Rs. 16.50/- shall be deducted from all strike prices generated at the end of September 05, 2024 and adjusted strike prices shall be available for trading w.e.f. September 06, 2024.<_o3a_p>

B) Adjustments for Futures Contracts:<_o3a_p>

The adjusted futures price will be arrived at reference rate less dividend amount Rs.16.50/-<_o3a_p>

The reference rate used will be daily mark to market settlement price of the relevant futures contract on September 05, 2024. The adjusted rate shall be applicable as a base rate / previous close for trading on September 06, 2024.<_o3a_p>

For further details members are requested to contact their respective relationship manager.<_o3a_p>

For & on behalf of BSE Ltd,<_o3a_p>

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Ketan Jantre<_o3a_p>

Sameer Vaze<_o3a_p>

Head - Trading Operations<_o3a_p>

DGM - Trading Operation<_o3a_p>