BASF India , a leading chemical company, has successfully completed its postal ballot process with shareholders overwhelmingly approving the appointment of Andrew George Postlethwaite as Non-Executive Non-Independent Director. The company had previously reported financial challenges in its September quarter results while announcing strategic sustainability initiatives.

Postal Ballot Results

The postal ballot conducted from December 1-30, 2025, achieved strong shareholder participation and approval:

Voting Outcome

The resolution for Mr. Postlethwaite's appointment received overwhelming support across all shareholder categories:

Board Transition

The appointment marks a significant leadership transition in BASF India's board composition. Mr. Postlethwaite, who holds DIN 03532678, brings extensive experience from various BASF roles across the Asia-Pacific region, including his position as Managing Director of BASF South East Asia Pte. Ltd, Singapore. He replaces Mr. Marcelo R. Lu, whose resignation was effective November 30, 2025.

Recent Financial Performance

The company's latest quarterly results showed mixed performance with challenges in key financial metrics:

Strategic Initiatives

Despite financial headwinds, BASF India continues its commitment to sustainability through its renewable energy initiative. The company has partnered with Clean Max Enviro Energy Solutions to establish a 12.21 MW wind-solar hybrid captive power plant, designed to supply clean energy to its manufacturing sites in Gujarat.

Outlook

The successful completion of the postal ballot process and strong shareholder support for the new director appointment demonstrates confidence in BASF India's strategic direction. With new leadership in place and ongoing investments in renewable energy infrastructure, the company is positioning itself for long-term sustainable growth despite current market challenges.

BASF India Limited has taken a significant step towards sustainable energy sourcing by signing a share purchase agreement to acquire a 26% stake in Clean Max Amalfi Private Limited. This strategic move is aimed at securing renewable power supply for BASF India's manufacturing plants in Dahej and Panoli.

Key Details of the Agreement

Transaction Timeline and Next Steps

The share purchase agreement was signed on November 11, 2025, following the Board of Directors' approval on July 30, 2025. BASF India is set to sign additional agreements, including:

• Shareholders Agreement
• Energy Supply Agreement
• Other ancillary agreements

These agreements are crucial for BASF India to avail benefits available to captive users under the applicable laws.

Closing Conditions

The completion of this transaction is subject to customary conditions precedent, including the receipt of requisite approvals. This approach ensures compliance with all regulatory requirements before the deal is finalized.

Strategic Implications

This acquisition aligns with the growing trend of corporations investing in renewable energy sources. For BASF India, this move secures a supply of green energy for its manufacturing operations and demonstrates its commitment to sustainable practices and reducing its carbon footprint.

The use of wind-solar hybrid power underscores the company's adoption of diverse renewable energy technologies. This strategy may help BASF India mitigate energy costs in the long term while contributing to its environmental sustainability goals.

As the renewable energy sector in India continues to expand, such corporate investments are likely to play a crucial role in driving the transition towards cleaner energy sources and supporting the country's climate objectives.