Meeting Details

  • Type of Meeting: Court Convened Meeting of Equity Shareholders
  • Date: Wednesday, June 24, 2026
  • Time: 3:30 p.m. IST to 4:49 p.m. IST
  • Location: Conducted through Video Conferencing / Other Audio Visual Means

Summary of Proposed Resolution and Implications

The single resolution proposed was a Special Resolution to approve the Scheme of Arrangement. The Scheme provides for the demerger of the Company's Agricultural Solutions Business from BASF India Limited (the Demerged Company) into BASF Agricultural Solutions India Limited (the Resulting Company). The implication is a corporate restructuring that will separate the agricultural solutions segment into a distinct legal entity.

Voting Process and Methods

Voting was conducted exclusively through a remote e-voting process provided by National Securities Depository Limited (NSDL) at https://www.evoting.nsdl.com/. The remote e-voting period commenced on Friday, June 19, 2026, at 9:00 a.m. IST and ended on Tuesday, June 23, 2026, at 5:00 p.m. IST. E-voting was also available during the meeting for shareholders who had not voted remotely. Postal ballot and physical polling were not applicable.

The cut-off date (record date) for determining shareholders entitled to vote was Wednesday, June 17, 2026.

Key Voting Outcomes

  • Total Number of Shareholders on Record Date: 65,923
  • Shareholder Attendance: 56 shareholders attended the meeting via video conferencing (2 from Promoter group, 54 from Public).
  • Total Number of Outstanding Shares: 4,32,85,640
  • Total Votes Cast: 3,56,61,485 votes, representing 82.3864% of the outstanding shares.
  • Votes in Favor: 3,56,61,029 votes, representing 99.9987% of the votes cast.
  • Votes Against: 456 votes, representing 0.0013% of the votes cast.
  • Invalid Votes: 0

Participation Breakdown by Shareholder Category

Promoter and Promoter Group:

  • Shares Held: 3,17,43,220
  • Votes Polled: 3,17,43,220 (100% of shares held)
  • Votes in Favor: 3,17,43,220 (100% of votes polled)
  • Votes Against: 0

Public Institutions:

  • Shares Held: 49,77,585
  • Votes Polled: 35,93,148 (72.1866% of shares held)
  • Votes in Favor: 35,93,148 (100% of votes polled)
  • Votes Against: 0

Public Non-Institutions:

  • Shares Held: 65,64,835
  • Votes Polled: 3,25,117 (4.9524% of shares held)
  • Votes in Favor: 3,24,661 (99.8597% of votes polled)
  • Votes Against: 456 (0.1403% of votes polled)

The resolution was passed with the requisite majority for a Special Resolution, i.e., a majority in number representing three-fourths in value of the votes cast.

Scrutinizer's Role, Findings, and Conclusions

Mr. Hemant S. Shetye, a Practicing Company Secretary (FCS 2827) from M/s. HSPN & Associates LLP, was appointed as the Scrutinizer by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated April 8, 2026.

His responsibilities included scrutinizing the remote e-voting process and the e-voting at the meeting in a fair and transparent manner. He reconciled the data downloaded from the NSDL e-voting system with company records. He concluded that the resolution was passed with the requisite majority and that all electronic data and records relating to the e-voting are under his safe custody until handed over to the Company Secretary for preservation after the minutes are approved.

Compliance with Laws and Regulations

The disclosure confirms compliance with the provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the specific directions of the Hon'ble NCLT. The Notice for the meeting was sent to shareholders on May 22, 2026, and was also published in 'Business Standard' (English) and 'Loksatta' (Marathi) on May 23, 2026, as directed by the NCLT.