BASF India Limited has submitted its quarterly compliance certificate to BSE Limited and National Stock Exchange of India Limited for the quarter ended 31st March, 2026. The certificate was filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, demonstrating the company's adherence to regulatory requirements for securities dematerialization processes.

Regulatory Compliance Certificate

The certificate confirms that all securities received for dematerialization during Q4 FY26 were handled in accordance with prescribed procedures. The company certified that these securities were mutilated and cancelled after due verification, with depositories' names properly substituted in the Register of Members within the stipulated timelines.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar & Share Transfer Agent, provided supporting confirmation for the quarter. The registrar certified that securities received from depository participants for dematerialization were properly confirmed to the depositories and that all security certificates were mutilated and cancelled after due verification.

Documentation and Signatories

The certificate was signed by key company officials including Manohar Kamath, Director-Legal, General Counsel (India) & Company Secretary, and Pankaj Bahl, Senior Manager – Legal & Secretarial. Both signatures were digitally executed on 3rd April, 2026.

Regulatory Distribution

The certificate was distributed to relevant regulatory bodies and service providers, including National Securities Depository Limited, Central Depository Services (India) Limited, and the company's registrar MUFG Intime India Private Limited. This ensures comprehensive compliance documentation across all stakeholders involved in the securities dematerialization process.

The submission represents BASF India Limited's continued commitment to maintaining regulatory compliance and transparent reporting of its securities-related activities to stock exchanges and regulatory authorities.

BASF India Limited has announced the closure of its Metal Complex Dyes (MCD) production line at the company's Mangalore manufacturing facility. The decision was approved by the Board of Directors on March 30, 2026, marking a strategic shift away from a business segment that has faced significant margin pressures.

Board Decision and Timeline

The Board of Directors meeting, which commenced at 3:30 p.m. IST and concluded at 4:50 p.m. IST on March 30, 2026, formally approved the closure of the Metal Complex Dyes production line. The company expects to complete the closure during the last quarter of 2026.

Financial Impact and Business Rationale

The Metal Complex Dyes production line, which forms part of the Dispersions Business under the Industrial Solutions Segment, has minimal financial impact on the company's overall operations. During financial year 2024-25, the MCD production line contributed limited revenue to the company's portfolio.

Strategic Considerations

The company cited several factors behind the closure decision. The MCD business has become largely commoditized, resulting in reduced strategic relevance and limited pricing power. These market dynamics have significantly impacted the margins and profitability of this particular business segment.

Key challenges identified include:

• Commoditization of the Metal Complex Dyes market
• Low strategic relevance in the company's portfolio
• Reduced pricing power affecting competitiveness
• Declining margins and profitability pressures

Regulatory Compliance

The announcement was made as an intimation under Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Manohar Kamath, Director-Legal, General Counsel (India) & Company Secretary, and Pankaj Bahl, Senior Manager-Legal & Secretarial.

This strategic decision reflects the company's focus on optimizing its business portfolio by discontinuing operations in segments with limited growth potential and margin pressures.