With reference to earlier letter dated 19th December 2024 regarding the in-principle approval accorded by the Board of Directors of the Company for demerger of Company’s Agricultural Solutions business into a separate listed legal entity, BASF India has informed that based on the recommendation of the Audit Committee, the Board of Directors of the Company at its meeting held today on 25th April 2025, has approved the Company’s acquisition of 7 fully paid equity shares having face value of Rs 10 each for a cash consideration aggregating Rs 70 (as per independent fair valuation), representing 100% equity interest of BASF Agricultural Solutions India from BASF SE, Germany (Ultimate Holding Company and promoter of the Company) and its nominee shareholders. The said transaction will be completed by mid May, 2025. Upon completion of the transaction, BASF Agricultural Solutions India will become a wholly owned subsidiary of the Company. In compliance with the provisions of Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, they are enclosing a disclosure in Annexure -I to this letter.
The above information is a part of company’s filings submitted to BSE.
