BASF India shareholders approve demerger of agri-business
BASF India Limited shareholders approved the Scheme of Arrangement to demerge the agricultural solutions business into a separate listed entity, BASF Agricultural Solutions India Limited. The resolution received 99.99% approval during a meeting held on June 24, 2026. The demerger, supported by sales of INR 1944cr in the agri-business for 2025-26, is scheduled for completion in FY 26-27 with a share entitlement ratio of 1:1.
*this image is generated using AI for illustrative purposes only.
BASF India Limited shareholders have approved the Scheme of Arrangement to demerge its agricultural solutions business into a separate listed entity, BASF Agricultural Solutions India Limited. The resolution was passed during a court-convened meeting held on June 24, 2026, via video conferencing. This approval allows the chemical company to proceed with the corporate restructuring plan sanctioned by the National Company Law Tribunal (NCLT), facilitating the creation of pure-play agricultural solutions companies with better strategic focus.
The meeting was convened pursuant to NCLT orders dated March 20, 2026, and April 8, 2026. The tribunal's directives were issued under Company Scheme Application no. CA(CAA)/28/MB-I/2026. The notice for the meeting was dated May 21, 2026. The special resolution received the requisite majority, with 99.99% of valid votes cast in favour.
Voting Results
A total of 35,661,485 votes were polled, representing 82.39% of the outstanding shares. The resolution secured overwhelming support across all categories.
| Category | Votes Polled | % of Outstanding | In Favour | Against | % In Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 31,743,220 | 100.00 | 31,743,220 | 0 | 100.00 |
| Public Institutions | 3,593,148 | 72.19 | 3,593,148 | 0 | 100.00 |
| Public Non-Institutions | 325,117 | 4.95 | 324,661 | 456 | 99.86 |
| Total | 35,661,485 | 82.39 | 35,661,029 | 456 | 99.99 |
Strategic Rationale
The presentation made during the meeting highlighted that the Total Agricultural Solutions Business of BASF India Limited recorded sales of INR 1944cr and a Profit Before Tax of INR 254cr for 2025-26. The company noted that 12 new products were launched in India since 2022, which constitute approximately 25% of sales in 2025-26. The restructuring aims to manage the business with industry-tailored KPIs, implement a dedicated ERP system, and form pure-play Agricultural Solutions companies.
Key Meeting Details
The disclosure was submitted to BSE Limited in compliance with Regulation 30 of the SEBI Listing Regulations. Manohar Shrikant Kamath, Director – Legal, General Counsel (India) & Company Secretary, and Pankaj Rajkumar Bahl, Senior Manager- Legal & Secretarial, signed the filing.
| Event | Date/Reference |
|---|---|
| NCLT Order Dates | March 20, 2026; April 8, 2026 |
| Company Scheme Application No. | CA(CAA)/28/MB-I/2026 |
| Shareholder Meeting Date | June 24, 2026 |
| Remote E-voting Period | June 19, 2026 to June 23, 2026 |
| Share Entitlement Ratio | 1:1 |
Historical Stock Returns for BASF
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.83% | +4.28% | +4.67% | -6.58% | -26.39% | +42.32% |
What is the expected timeline for the official listing of BASF Agricultural Solutions India Limited following the NCLT sanction?
How will the demerger impact BASF India's remaining portfolio and its ability to invest in non-agricultural chemical sectors?
What is the projected market valuation of the new pure-play entity compared to its current embedded value within BASF India?
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