BASF India NCLT meeting transcript - agricultural solutions demerger scheme

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AI summary

BASF India held the NCLT-convened shareholders meeting on 24 June 2026 to approve the demerger of its agricultural solutions business into a new listed entity, BASIL. Shareholders get 1 BASIL share for each BASF India share held. The agri business reported FY26 sales of about 1,944 crore rupees and PBT of 254 crore rupees. SEBI and stock exchanges have cleared the scheme. BASIL share allotment and listing on BSE and NSE expected between January and March 2027.

Likely market impact

Shareholders to receive 1 BASIL share for every BASF India share held; BASIL listing expected by March 2027, pending final approvals.