BASF India announced that its ultimate holding company, BASF SE, Germany has signed an agreement on 17 July 2024 with Solenis, a global producer of specialty chemicals headquartered in Wilmington, Delaware, to globally sell BASF`s flocculants business for mining applications. The divestment of BASF`s flocculants business to Solenis is part of BASF`s global portfolio optimization, aiming to focus on core strategic areas. The transaction is expected to close in the second half of 2024, subject to the approval(s) of the relevant Competition Commission / Anti-trust authorities. In India, the flocculants business for mining applications, forms part of the Performance Chemicals Division of Industrial Solutions Segment of BASF India. The flocculants business generated net sales of approx. Rs. 27.7 crore representing 0.20 % of the total sales for the financial year ended 31 March 2024. Powered by Capital Market - Live News

BASF India announced that the Annual General Meeting(AGM) of the company will be held on 7 August 2024.Powered by Capital Market - Live News

BASF India announced that the Board of Directors of the Company at its meeting held on 14 May 2024, has recommended a Final dividend of Rs.15 per share (i.e.150%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of BASF India rose 96.03% to Rs 161.51 crore in the quarter ended March 2024 as against Rs 82.39 crore during the previous quarter ended March 2023. Sales rose 2.56% to Rs 3356.90 crore in the quarter ended March 2024 as against Rs 3273.04 crore during the previous quarter ended March 2023.For the full year,net profit rose 39.83% to Rs 563.35 crore in the year ended March 2024 as against Rs 402.89 crore during the previous year ended March 2023. Sales rose 0.90% to Rs 13751.27 crore in the year ended March 2024 as against Rs 13628.42 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales3356.903273.04 3 13751.2713628.42 1 OPM %7.324.08 -6.475.04 - PBDT267.67143.46 87 950.16710.17 34 PBT219.4196.92 126 758.95528.09 44 NP161.5182.39 96 563.35402.89 40 Powered by Capital Market - Live News

BASF India will hold a meeting of the Board of Directors of the Company on 14 May 2024. The meeting would commence at 12.30 PM.Powered by Capital Market - Live News