BASF India : Proceedings of 79th Annual General Meeting

BASF India Limited, Mumbai - 400 051, India

August 4, 2023

The Market Operations Department

BSE Limited,

Phiroze Jeejeebhoy Towers

Dalal Street, Mumbai 400 001.

Name of the Company	:	BASF India Limited
Security Code No.	:	500042

Dear Sir/Madam,

Sub: Proceedings of the 79th Annual General Meeting of BASF India Ltd ("the Company") held on Friday, 4th August 2023.

We wish to inform you that the 79th Annual General Meeting (AGM) of the Company was held on Friday, 4th August 2023 at 3.00 p.m. through Video Conferencing / Other Audio-Visual Means. In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Proceedings of the 79th AGM.

We request you to kindly take note of the same. Thanking you,

Yours Faithfully,

For BASF India Limited

Manohar	Shrikant Kamath
	Digitally signed by Manohar

Shrikant Kamath Date: 2023.08.04 21:21:33 +05'30'

Manohar Kamath

Director - Legal, General Counsel (India)

• Company Secretary Encl : a.a.

Pankaj	Digitally signed by Pankaj
Rajkumar Bahl

Rajkumar Bahl Date: 2023.08.04 21:20:57 +05'30'

Pankaj Bahl

Manager- Company Secretarial

Cc:	The Assistant Manager - Listing
	National Stock Exchange of India Ltd.
	Exchange Plaza,
	Plot No.C/1, G Block
	Bandra - Kurla Complex
	Bandra (East), Mumbai - 400 051
	National Securities Depository Limited (NSDL)
	Central Depository Services (India) Limited (CDSL)

Registered Office

BASF India Limited

The Capital, 'A' Wing, 1204-C, 12th Floor,

Plot No. C-70, 'G' Block,

Bandra-Kurla Complex, Bandra (East),

Mumbai - 400 051, India

Tel [phone]

CIN - L33112MH1943FLC003972

www.basf.com/in

	79th ANNUAL GENERAL MEETING OF THE COMPANY
1. (a) CIN		L33112MH1943FLC003972
(b) GLN		N.A.
2. (a) Name of the Company	BASF India Limited
(b) Registered office address	The	Capital, 'A' wing, 1204-C, 12th Floor,
		Plot No. C-70, 'G'- Block, Bandra Kurla Complex,
(c) E-mail id	Bandra (East), Mumbai- 400051.
[e-mail]
3. Details of the meeting:
(i)	Day, date, hour of the Annual General	Friday, 4th August 2023 at 3:00 p.m.
	Meeting
(ii)	Venue of the Annual General	Since the Annual General Meeting was held through
	Meeting:	Video Conferencing/ Other Audio Visual Means, the
		deemed venue for the Annual General Meeting was
		the Registered Office of the Company
(iii)	Whether chairman of the meeting	Yes	(Mr. Pradip P. Shah is the Independent Chairman
	appointed	of the Company)
(iv)	Number of members attended the	86
	meeting
(v)	Whether the requisite quorum was	Yes.
	present
(vi)	Particulars with respect to any	Not Applicable
	adjournment of meeting and change
	in venue
(vii)	Particulars with respect of	Not Applicable
	postponement of meeting and change
	in venue; and

Internal

Business transacted at the 79th Annual General Meeting

The following business / resolutions listed in the Notice convening the 79th Annual General Meeting were transacted by remote e-voting and e-voting at the Annual General Meeting;

Sr. No		Item No.	Result
Ordinary Business
		Adoption of the Audited Financial Statements of the Company for the
1.		financial year ended 31st March, 2023, including the Audited
	Balance Sheet as at 31st March, 2023, the Statement of Profit and
		Loss for the year ended on that date and the Reports of the Board of
		Directors and the Auditors thereon.
2.		Declaration of final Dividend of Rs. 8/- (Rupees Eight) per equity
	share i.e., 80% for the financial year ended 31st March, 2023.
		Approved by requisite
			majority
3.		Appointment of a Director in place of Dr. Carola Richter (DIN:
	09197435), who retires by rotation at this Annual General Meeting
		and being eligible offers herself for re-appointment.
Special Business
		Ratification of remuneration of Rs. 16.45 lakhs plus applicable taxes
		and reimbursement of expenses payable to M/s. R. Nanabhoy & Co.,
4.		Cost Accountants (Firm Registration No: 000010), appointed by the
	Board of Directors of the Company as the Cost Auditors to conduct
		the audit of the cost accounting records of the Company for the
		financial year ending 31st March 2024.	Approved by requisite
		Approval for Material Related Party Transactions for the financial	majority
5.		year 2023-24 and for the next financial year 2024-2025 i.e., until the
	date of the Annual General Meeting of the Company to be held during
		the calendar year 2024 (maximum validity of 15 (fifteen) months.
6.		Re-appointment of Mrs. Shyamala Gopinath (DIN: 02362921) as an
	Independent Director of the Company for the 2nd (second) term of 5
		(five) years from 23rd January 2024 to 22nd January 2029.
		Increase in the limit of maximum basic salary i.e., from the existing
7.		approved limits of an amount not exceeding Rs. 4 crore per annum
	to an amount not exceeding Rs. 5.50 crore per annum payable to Mr.
		Alexander Gerding (DIN: 09797186), Managing Director of the
		Company during the tenure of his appointment i.e., 1st January, 2023
		to 31st December, 2027.

Resolutions No. 1 to 5 are Ordinary Resolutions. Resolution No. 6 and 7 are Special Resolutions.

Internal

Fair summary of the proceedings of the 79th Annual General Meeting

Mr. Manohar Kamath, Director - Legal, General Counsel (India) & Company Secretary welcomed all the shareholders of the Company and gave instructions to the shareholders for smooth functioning of the Annual General Meeting held through Video Conferencing/ Other Audio-Visual Means. Mr. Manohar Kamath also welcomed Mr. Pradip P. Shah, Chairman of the Company and requested him to preside over the Annual General Meeting.

Mr. Pradip P. Shah welcomed all the shareholders and declared that the requisite quorum for the Annual General Meeting was present and called the Meeting to order. He informed the shareholders that all the Directors of the Company were present at the Annual General Meeting and requested the Directors to introduce themselves.

He sought the permission of the shareholders to take the Notice dated 10th May, 2023 as being read. He informed the shareholders that the Auditor's Report did not have any qualification, observation, or comments on the financial transactions of the Company. He also sought the permission of the shareholders to take the Auditor's Report dated 10th May 2023 as being read.

He informed the Shareholders that the necessary documents namely; the Audited Financial Statements, Directors' Report, Auditors' Report, Registers, representations received from the Promoter Shareholders of the Company were available for inspection electronically by any shareholder of the Company and that the same could be done by sending a request to Mr. Manohar Kamath.

Mr. Pradip P. Shah then requested Mr. Alexander Gerding, Managing Director to make a presentation to the Shareholders of the Company and authorised him to conduct the remaining proceedings of this Annual General Meeting, including e-voting, appointment of Scrutinizer, handling questions & answer session, declaration of e-voting results and conclusion of the Meeting.

Mr. Alexander Gerding made a presentation to the shareholders on the financial performance of the Company for the financial year ended 31st March, 2023 and for the 1st quarter ended 30th June, 2023 and other matters pertaining to the Company.

Thereafter, Mr. Alexander Gerding stated that the Company had provided remote e-voting facility under the provisions of Companies Act, 2013, to its Shareholders to cast their votes on the resolutions proposed to be passed at this meeting from Tuesday, 1st August, 2023 at 9.00 a.m. IST to Thursday, 3rd August, 2023 till 5.00 p.m. IST. He also informed that for the benefit of those shareholders who had participated in the meeting and had not cast their votes through remote e-voting, the facility of e-voting had also been provided at the Annual General Meeting.

For this purpose, Mr. Hemant Shetye, Designated Partner of HSPN & Associates LLP, Practicing Company Secretaries was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting process.

Mr. Alexander Gerding requested Mr. Manohar Kamath to explain the procedure for e-voting at the Annual General Meeting to enable the shareholders to cast their votes. Mr. Manohar Kamath explained the e-voting process and requested the shareholders to exercise their votes.

Thereafter, Mr. Alexander Gerding requested the shareholders who have registered themselves as speakers to comment on the observations / questions on the Annual Report. The shareholders put forth their suggestions / observations / questions which were duly clarified / answered by Mr. Alexander Gerding.

Mr. Alexander Gerding again requested the shareholders to cast their votes immediately and announced that the consolidated results of the remote e-voting and e-voting at the Annual General Meeting will be declared within 2 working days of the conclusion of the Annual General Meeting and the same will be posted on the website of the Company www.basf.com/inand also on the website of NSDL www.evoting.nsdl.com. He further mentioned that a copy of the said results will be submitted to BSE Limited and The National Stock Exchange of India Limited, where the Company's shares are listed.

Mr. Alexander Gerding declared that the the e-voting period be kept open for 15 minutes to facilitate voting by the shareholders of the Company who have not cast their votes on the resolutions.

Thereafter, Mr. Manohar Kamath thanked all the shareholders for their participation at the 79th Annual General Meeting and there being no other business, the meeting ended at 5.50 p.m.

Internal