The National Stock Exchange (NSE) has given its approval for the proposed scheme of arrangement between BASF India Limited and BASF Agricultural Solutions India Limited. This follows a similar approval from BSE Ltd. The scheme involves the demerger of BASF India’s Agricultural Solutions Business into its wholly-owned subsidiary, BASF Agricultural Solutions India Limited. The company has received an observation letter dated February 2, 2026, from NSE regarding this scheme.
Demerger Scheme Receives NSE Approval
BASF India Limited has received approval from the National Stock Exchange (NSE) for its scheme of arrangement with BASF Agricultural Solutions India Limited. This scheme involves the demerger of BASF India’s Agricultural Solutions Business to BASF Agricultural Solutions India Limited, its wholly-owned subsidiary. The NSE issued an observation letter dated February 2, 2026, with its ‘no objection’ to the scheme.
Details of the Scheme
The demerger will transfer the Agricultural Solutions Business of BASF India to BASF Agricultural Solutions India Limited (BASIL). The company previously received a ‘No Objection Letter’ from BSE Ltd regarding the scheme. The transfer is in compliance with sections 230 to 232 of the Companies Act, 2013. The scheme is subject to applicable regulatory and other approvals.
Key Directives from NSE
As part of the approval, BASF must comply with various requirements, including:
- Ensuring the scheme adheres to Regulation 11 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Disclosing details of ongoing adjudication, recovery proceedings, and enforcement actions against the Company, promoters, and directors.
- Ensuring compliance with SEBI circulars issued from time to time and ensuring all liabilities of the demerged company are transferred to the resulting company.
- Providing information pertaining to all unlisted companies involved in the scheme in the specified format.
Additional Disclosures Required
BASF needs to provide additional disclosures to public shareholders, including:
- The need for the demerger and rationale of the scheme.
- Synergies of business and impact on shareholders.
- Details of registered valuers and merchant bankers involved.
- Rationale for keeping 7 equity shares held by BASF in BASL post-demerger.
- Value of Assets and liabilities of BASF that are being transferred to BASL.
Source: BSE
