BASF India Limited has fixed the book closure period and record date to determine shareholder eligibility for the upcoming dividend payment. The Register of Members and Share Transfer Books will remain closed from Friday, July 31, 2026, to Wednesday, August 5, 2026, for this purpose. Shareholders whose names appear in the records as of the close of business hours on Thursday, July 30, 2026, will be entitled to receive the dividend.

The dividend, recommended by the Board of Directors, is subject to approval at the company's 82nd Annual General Meeting scheduled for Wednesday, August 12, 2026. Upon declaration, the payout will be made on or after Monday, August 17, 2026. The company has stated that dividend income is taxable in the hands of members, and tax at source will be deducted at applicable rates.

Dividend Payment Details

The company will remit the dividend electronically through the National Automated Clearing House (NACH) to members who have registered their bank account details. Members holding shares in physical form must ensure they are KYC compliant to facilitate timely payment. Those who are not compliant must submit KYC documents, including Form ISR-1 and ISR-2, to the Registrar and Share Transfer Agent, MUGF Intime India Private Limited, by the end of the book closure period on August 5, 2026.

The 82nd Annual General Meeting will be conducted via Video Conferencing or Other Audio Visual Means. Notices and the Annual Report for the financial year ended March 31, 2026, will be sent electronically to members with registered email addresses and made available on the company's website and stock exchange platforms.

BASF India Limited shareholders have approved the demerger of its agricultural solutions business into a separate listed entity, BASF Agricultural Solutions India Limited, through a court-convened meeting held on June 24, 2026. The scheme, sanctioned by the National Company Law Tribunal (NCLT), provides for a share exchange ratio of 1:1, meaning shareholders will receive one share of the new entity for every share held in BASF India Limited. The company expects the allotment of shares to be completed by March 2027, followed by listing on the Bombay Stock Exchange and the National Stock Exchange.

Business Performance and Rationale

The agricultural solutions business has demonstrated strong momentum, recording sales of INR1,944 crores and a profit before tax of INR254 crores in the financial year 2025-2026. Alexander Gerding, Managing Director of BASF India Limited , stated that the demerger aims to unlock value by transitioning towards a pure-play agricultural solutions entity. This strategic shift is intended to sharpen focus, increase agility, and drive value creation through industry-tailored KPIs and a dedicated operational structure, including a separate ERP system.

Demerger Details and Timeline

The demerger process has received no-objection letters from SEBI and the stock exchanges. Management indicated that the entire process, including regulatory approvals from NCLT, Registrar of Companies, and Regional Directorate, may take approximately 18 to 20 months. Consequently, the listing of the new entity is anticipated between January and March 2027, subject to the receipt of requisite approvals. The company noted that most work related to the demerger has been handled in-house, with external agencies utilized primarily for obtaining the share entitlement ratio, fairness opinion, and representation before the NCLT.

Shareholder Queries and Management Response

During the meeting, shareholders raised queries regarding the cost of the demerger, the timeline for listing, and the composition of the board for the new entity. In response, management clarified that the agricultural solutions business will have its own management and board of directors, including a managing director, CFO, company secretary, and independent directors. The specific board composition will be decided closer to the implementation of the scheme. Management emphasized that the demerger would not have a detrimental impact on minority shareholders, as all equity shareholders will become beneficial economic owners of the resulting company.

Key Financial Metrics

The meeting was conducted via video conferencing, with Mr. V. Nallasenapathy, ex-NCLT Technical Member, presiding as the Chairperson. The resolution was deemed passed subject to the receipt of the requisite number of votes.