BSECompany Update4 Aug 2026 · 4 Aug 2026, 02:03 pm
Disclosure under Regulation 30 - Acquisition of 14.18% stake in Clean Max Galapagos Private Limited
BASF India Ltd · 500042
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BASF India Ltd has approved the acquisition of 14.18% stake in Clean Max Galapagos Private Limited for procurement of renewable power for its Navi Mumbai manufacturing site.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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BASF India Ltd - 500042 - Announcement under Regulation 30 (LODR)-Acquisition
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BASF India Limited, Mumbai - 400 079, India
August 4, 2026
The Market Operations Department
BSE Limited
P.J. Towers,
Dalal Street, Mumbai 400 001.
Name of the Company : BASF INDIA
LIMITED Security Code No : 500042
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015
We wish to inform you that the Board of Directors of the Company at its meeting held on August 4, 2026 has
approved the acquisition of 14.18% stake in the equity share capital of Clean Max Galapagos Private Limited,
Special Purpose Vehicle incorporated by Clean Max Enviro Energy Solutions Limited (“the Developer”), for an
amount not exceeding INR 9.45 mio for procurement of ~ 4,240 MWh / per year (including green attributes) of
renewable power (solar) for its Navi Mumbai manufacturing site under Group Captive Power Generation
Mechanism, as per the prevailing renewable energy policy of the State of Maharashtra and the Electricity Act
2003 and the Rules thereunder.
The closing of the transaction is subject to signing of the Definitive Agreements i.e., Shareholders’ Agreement and
25-year long-term Power Purchase Agreement, receipt of the requisite approvals and other specified conditions.
We also wish to state that the above mentioned acquisition is not a related party transaction and none of the
promoter/promoter group companies have any stake or interest in the entity being acquired. The meeting
commenced at 12.30 p.m. and concluded at 1.45 p.m.
Kindly take the same on record.
Thanking You
Yours faithfully,
For BASF India Limited
Manohar Kamath Pankaj Bahl
Director – Legal, General Counsel (India) Senior Manager – Legal & Secretarial
& Company Secretary
Cc: Listing Compliance,
National Stock Exchange of India Limited, Exchange
Plaza, C-1, Block-G,
Bandra Kurla Complex, Bandra –(East). Mumbai-
400051.
Registered Office
BASF India Limited
Unit Nos. 10A, 10B, 10C (Part), 10th
Floor, Godrej One, Pirojsha Nagar,
Eastern Express Highway, Vikhroli (East),
Mumbai 400 079, India
Tel +91 22 6834 7000
CIN - L33112MH1943FLC003972
www.basf.com/in