BASF India has received a ‘no adverse observation’ letter from the Bombay Stock Exchange (BSE) regarding its proposed scheme of arrangement with BASF Agricultural Solutions India Limited (BASIL). This scheme involves the demerger of BASF India’s Agricultural Solutions Business to BASIL. The exchange’s observation is a key step in the approval process. The demerger aims to create a focused entity for agricultural solutions, enhancing efficiency and growth.
Demerger Scheme Update
BASF India has announced that it has received a ‘no adverse observation’ letter dated January 30, 2026, from the BSE concerning the proposed scheme of arrangement. The scheme involves the demerger of the company’s Agricultural Solutions Business to its wholly-owned subsidiary, BASF Agricultural Solutions India Limited (BASIL).
Details of the Demerger
The proposed demerger is designed to segregate the Agricultural Solutions business into a separate entity, BASIL. This restructuring is intended to allow for greater focus and strategic alignment within the agricultural sector. The original announcement of the scheme was made on May 14, 2025, outlining the board’s decision to pursue this arrangement.
Conditions and Next Steps
The scheme remains subject to applicable regulatory and other approvals. As per the exchange’s requirements, BASF India is required to disclose the ‘no objection’ letter on its website within 24 hours of receiving it. While the exchange has provided its observation, the listing of shares for BASF Agricultural Solutions India Limited is subject to SEBI’s approval and BASF complying with relevant regulations.
Source: BSE
