BASF India Ltd

BASF India Limited – Trading window closed Oct 1, 2026; reopens Nov 9, 2026 (48 hours after approval of Standalone & Consolidated Unaudited Results for quarter & half year ended Sep 30, 2026; Board meeting on Nov 4, 2026)

Meeting Details

• 4 November 2026, 12:30 PM, Board Room, 10th Floor, Godrej One, Vikhroli East, Mumbai (AV)

Key Agenda Items

• Consider and approve Standalone and Consolidated Unaudited Financial Results for the quarter and half-year ending 30 September 2026.

Other Notes

• No further notes disclosed.

MDI investment evaluation

• BASF evaluating potential MDI production complex in India, pending feasibility outcomes and approvals.
• Industrial land parcel secured in Dahej, Gujarat, for the potential investment through BASF India Polyurethanes Pvt Ltd.
• Final investment decision will depend on feasibility study and required regulatory approvals.

AGM details

• Held via video conferencing on Aug 12, 2026 at 3:00 PM.
• Remote e-voting from Aug 9 to Aug 11; voting during meeting.
• Quorum present; proxies not applicable; registers accessible electronically.

Key resolutions

• Adoption of financial statements with no qualifications.
• Dividend payout proposal for equity shares; per-share amount noted.
• Demerger of Agricultural Solutions into a separate listed entity; BASIL listing planned.
• Coatings business sale to Carlyle Group; transfer completed; proceeds received.
• Appointment of Scrutinizer for e-voting.

Voting results

• E-voting results to be announced within two working days of meeting.
• Demerger and related actions previously approved by shareholders; specifics disclosed in filings.

Dividend details

• Dividend declared for equity shares; per-share amount specified in notice.

Corporate actions & related parties

• Coatings sale involved Carlyle Group; BASF India no longer owns coatings subsidiary; proceeds disclosed.
• Demerger aligns with BASIL listing; one-to-one share exchange contemplated.

Auditors & governance

• Auditor’s report for the year ended had no qualifications; no change in auditor disclosed.

Sustainable energy & operations

• Renewable energy share across sites targeted at high levels; 75%–80% from renewables.

AGM Details

• AGM held on 12 August 2026 at 3:00 PM via VC/OAVM.
• Record date for voting: 5 August 2026.
• Total shareholders on record for voting: 67,165.

Key Resolutions and Outcomes

• Adoption of standalone and consolidated financial statements, Directors’ Report, and Auditors’ Report for FY2026; passed.
• Final dividend of ₹25 per equity share approved; paid to shareholders.
• Re-appointment of Pradip P. Shah as Director; passed.
• Re-appointment of Dr. Ramkumar Dhruva as Director; passed.
• Remuneration of Cost Auditors for FY2027 approved; ₹18.91 lakh plus taxes.
• Maximum limits for material related party transactions for FY2026-27 and FY2027-28 approved; promoters abstained; passed.

AGM Details

• Date/time/mode: 12 August 2026, 3:00 p.m., via Video Conferencing/AV Means.
• Quorum present; 56 members attended.
• Chairman: Non-Executive and Non-Independent.

Key Resolutions

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Final dividend of Rs 25 per equity share (250%).
• Ordinary: Re-appointment of a director retiring by rotation.
• Ordinary: Re-appointment of another director retiring by rotation.
• Special: Ratification of remuneration for Cost Auditors for 2026-27.
• Special: Approval for maximum limits of Material Related Party Transactions for 2026-27 and 2027-28.

Voting and Results

• Outcome of resolutions not disclosed in filing; to be announced separately.
• Consolidated results to be posted on company and NSDL websites within 2 working days.

Dividend

• Final dividend of Rs 25 per equity share declared.

Auditors

• Remuneration for Cost Auditors ratified for FY 2026-27.

AGM details

• AGM held on August 12, 2026 at 3:00 PM IST; mode not specified.

Key resolutions

• Demerger of Agricultural Solutions into a separate listed entity approved.
• Sale of Coatings business to an external investor approved.
• Demerger and sale to be followed by listing subject to approvals.
• Share transfer of coatings business to external owner completed.
• Shareholders approved resolutions by near-unanimous vote.

Voting results

• Demerger approval passed with near-unanimous support.
• Coatings sale approval passed with near-unanimous support.

Dividend

• No dividend information announced.

Directors

• No director changes announced at the AGM.

Auditors

• No auditors changes announced.

Material related party transactions

• Material related party transactions limited to demerger and sale actions.

Other material approvals

• Listing planned for the new entity subject to regulatory clearances.

Acquisition details

• Target: Clean Max Galapagos Private Limited, SPV by Clean Max Enviro Energy Solutions Limited.
• Stake: 14.18% for up to INR 9.45 million.
• Purpose: procure ~4,240 MWh/year solar power for Navi Mumbai site.
• Consideration form: cash.
• Related party: not a related party; promoter group has no stake.
• Approvals: SHA and 25-year PPA plus other approvals.
• Closing: subject to definitive agreements and requisite approvals.
• Industry: renewable energy, solar.
• Background: SPV for solar procurement; incorporation date and turnover not disclosed.
• Geography: India, Maharashtra; Navi Mumbai site.
• Size: turnover/assets not disclosed.