Notice Board

As per the circular dated October 18, 2024, issued by the National Stock Exchange (NSE), there will be adjustments to the Futures and Options (F&O) contracts of Reliance Industries Limited (RELIANCE) due to the 1:1 bonus issue. These adjustments will take effect from October 28, 2024.

Details of Adjustments:

Particulars	Futures Contracts	Options Contracts
Adjustment	Positions will be marked-to-market on the last cum-bonus date, October 25, 2024. Open positions carried forward at the daily settlement price, adjusted by the bonus ratio (1:1). From October 28, 2024, daily mark-to-market settlement continues as normal.	The bonus adjustment factor of 2 will be applied to all cum-bonus strike prices on the ex-bonus date. Positions in existing strike prices continue at new adjusted strike prices.
Example	For instance, if RELIANCE’s share price is ₹2400, and the futures value is ₹2403, the futures value will be adjusted to ₹1201.5 (2403 ÷ 2).	For instance, if the option strike price is set at ₹2400 CE/PE and the bonus adjustment factor of 2 is applied, the adjusted option strike price after the bonus would be ₹1200 CE/PE (2400 ÷ 2).

Important Points:

The lot size of the F&O contracts will be revised to 500.
If you hold equity shares of RELIANCE in your Demat account as of October 28, 2024 (ex-date), the bonus shares will be credited directly to your Demat account.
The pledge margin will be reduced on Monday due to the RELIANCE share bonus. If you have utilized the pledge margin for any positions, kindly transfer funds or reduce your positions accordingly to avoid any margin shortfalls.

For more details, please refer to the NSE Circular.

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