BASF India secures shareholder approval for key resolutions

BASF India Limited [BSE:BASF] has announced the successful passage of two key resolutions through a postal ballot, in compliance with SEBI regulations. Shareholders approved the appointment of Mr. Narendranath J. Baliga as a Whole-time Director, effective from January 1, 2025, until June 30, 2027, with 35,558,138 votes in favor and only 3,556 votes against. The company also secured approval to increase the maximum limits for related-party transactions with BASF Hong Kong Ltd, with 3,792,882 votes in favor and 25,614 against. The e-voting period ran from February 14, 2025, to March 15, 2025. HSPN & Associates LLP served as scrutineer for the process, confirming the resolutions passed with the requisite majority. The company informed that BASF SE and BASF Schweiz AG, being promoter group shareholders, abstained from voting on the related-party transaction resolution.