BASF India Limited — Important, 03-01-2025: Updates

BASF India Limited has completed the transfer of its Coatings business to BASF India Coatings Private Limited, its wholly owned subsidiary, effective January 1, 2025. This transaction, approved by the Board of Directors in February 2024, was executed on a slump sale basis for a consideration of ₹1,820 million, subject to adjustments based on the fair values of net assets transferred as outlined in the Business Transfer Agreement. The closing occurred on December 31, 2024, and the final adjustment to the purchase consideration will be communicated to the Stock Exchanges once determinations are made. This strategic move may enhance operational focus and streamline business processes, warranting close investor attention.