BASF India Limited has informed the Exchange regarding Notice of NCLT Convened Equity Shareholders Meeting to be held on Wednesday June 24, 2026 at 3.30 pm (IST) through audio / visual means
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BASF India Limited is convening an equity shareholders meeting on June 24, 2026 at 3:30 PM IST through video conferencing to approve a scheme of arrangement. The scheme involves demerger of the company's Agricultural Solutions Business into a new entity called BASF Agricultural Solutions India Limited. The NCLT Mumbai Bench has passed orders on March 20, 2026 and April 8, 2026 directing this meeting. Shareholders on record as of June 17, 2026 can vote via remote e-voting from June 19-23, 2026. BSE and NSE have already issued observation letters with no adverse comments on January 30 and February 2, 2026 respectively. PwC has certified the share entitlement ratio and Saffron Capital Advisors has provided a fairness opinion.
If approved by shareholders and subsequently by NCLT, this demerger will separate BASF India's Agricultural Solutions Business into a distinct listed entity. Shareholders of BASF India will receive shares in the new company proportionally. This is a routine corporate restructuring and not an insolvency or adverse event.