HINDPETRO Dividend Adjustment: F&O Strike and Futures Price Reset

The full dividend amount of ₹19.25 will be deducted from every cum-dividend strike price on the ex-date. All positions in existing strikes will continue to exist in the corresponding adjusted strikes.

Example: A ₹400 Call Option will become a ₹380.75 Call Option on August 14. The position does not vanish; it simply moves to the new strike.

Lot size unchanged

The contract lot size of 2,025 shares remains the same. Only the strike prices and futures base price adjust.

For equity shareholders

If you hold HINDPETRO shares in your Demat account as of the record date (August 14, 2026), you are entitled to the ₹19.25 dividend. The payment is credited directly to your primary bank account within 30 to 45 days from the record date.

What this means for traders

The adjustment is mechanical, not discretionary. Options positions are not closed or cash-settled; they are carried forward at the adjusted strike. Futures positions are marked-to-market normally on cum-date, then the carry-forward price is reduced by the dividend. The key number to track is the daily settlement price on August 13, which sets the base for the post-dividend carry.

Traders holding short options positions should note that the adjustment does not change the intrinsic value of the position – the option's moneyness relative to the underlying remains the same after the strike adjustment. The risk profile is unchanged, only the label on the strike changes.