Company and Document Details

EHS and Safety Performance (Apr 2025 - Jul 2026)

  • High Severity Incidents (HSI): Zero incidents reported
  • Process Safety Incidents (PSI): Zero incidents reported
  • Lost Time Injury (LTI): Two incidents reported
  • The company maintains a continued focus on improving safety leading indicators
  • Site Achievements: Thane and Panoli sites achieved GREEN rating in recently concluded Responsible Care (RC) Audits
  • Emergency mock drills, fire drills, and training were conducted at the Dahej site

Financial Performance (Consolidated - including discontinued operations)

Quarterly Results (Apr to Jun 2026):

  • Revenue: ₹174 crores
  • Profit Before Tax before Exceptional Items (PBTbEI): ₹19 crores
  • This includes a gain of ₹18 crores on the sale of 100% equity shares of a wholly-owned subsidiary (WOS)

Comparative Quarterly Results (Apr to Jun 2025):

  • Revenue: ₹133 crores
  • PBTbEI: -₹12 crores (loss)

Strategic and Corporate Developments

Demerger of Agricultural Solutions Business:

  • Approved by BASF India shareholders with a 99.99% majority
  • Demerger into a separate legal entity to be named "BASF Agricultural Solutions India Limited" (BASIL)
  • National Company Law Tribunal (NCLT) approval expected by end of 2026
  • Share entitlement ratio: 1 share of BASIL for every 1 share of BASF India
  • Listing of BASIL shares targeted for first half of 2027, subject to requisite approvals

Sale of Coatings Business:

  • Buyer: Carlyle Group
  • Transaction Date: June 30, 2026 – 100% of BASF India's shares in BASF India Coatings transferred
  • Effective Date: July 1, 2026 – Coatings business ceased to be a wholly-owned subsidiary
  • Sale Consideration: ₹230.16 crore received by BASF India
  • New Brand: Carlyle will operate the coatings business under the brand "Surventis"

Capacity Expansion and Operational Updates

  • Cellasto® Capacity Enhancement: Building completed at Dahej site in May 2026
  • New Dispersions Line: Planned for Mangalore site to strengthen local production footprint
  • Award: Cellasto® received the "Best Value Creation Award" at Tenneco India's Supplier Summit

Product Launches and Partnerships

  • Clearfield® Mustard Production System: Launched in partnership with Corteva to strengthen India's mustard farming
  • New Crop Protection Products: Melyra®, Frivon®, and Inveris® Gold launched to support higher yields and sustainable crop protection

Customer and Industry Engagement

Participated in several technology and industry events including:

  • Honda Technology Day
  • The Battery Show India
  • PlastIndia 2026
  • JSW Motors Technology day
  • Hyundai India Technology day

Sustainability and Green Initiatives

  • Renewable Energy Partnership: Partnered with Clean Max to procure hybrid solar and wind power for plants in Gujarat and Maharashtra
  • Award: Received "PU Tech Award" for innovation leading to improved energy efficiency in cold storage applications

Corporate Social Responsibility (CSR) Activities

Aligned with UN Sustainable Development Goals (SDGs):

WeChemie (SDG 4, 5):

  • Program for women enabled for careers in Chemistry
  • Partners: Chemical Association & Academic partner
  • Impact: 250 women trained, 80% placed in the Chemical Industry

Water ATMs (SDG 6):

  • Partner: NGO (Water Life)
  • Impact: ~8000 beneficiaries

PU Recycling (SDG 12):

  • Partner: NGO (The Serve Rural)
  • Planned Impact: School furniture from customer PU waste for 4000 students, creating jobs for 10 individuals

ChemAmaze (SDG 4):

  • Gamification of Chemistry Education
  • Partners: Indian government & prestigious STEM University
  • Impact: 120 games developed, 600+ teachers trained, 1000+ students contributed

Water Access (SDG 6):

  • Partner: NGO (NAAM)
  • Impact: Improving livelihoods of 9250 villagers in water-stressed areas

BASF Kids' Lab on Climate Action (SDG 13):

  • Impact: 8400 kids (including rural & tribal) participated since 2023

Employee Engagement

Highlighted site-specific celebrations:

  • Dussehra (Ayudha Puja) at Mangalore site
  • Diwali at Panoli site
  • Holi at Dahej site

Board of Directors & Key Managerial Personnel

Listed individuals present at the AGM:

  • Mr. Bahram Vakil (Director)
  • Mr. Alexander Gerding (Managing Director)
  • Dr. Ramkumar Dhruva (Director)
  • Mr. Andy Postlethwaite (Director)
  • Mr. Narendranath J. Baliga (Chief Financial Officer & Whole-time Director)
  • Mr. Anil K. Choudhary (Manufacturing Head & Whole-time Director)
  • Mr. Manohar Kamath (Director- Legal, General Counsel (India) & Company Secretary)