d•basf · (2 months), 2014-15, by treating the stock transfers of its mangalore plant as...

D•BASF We create chemistry

BASF India Limited, Mumbai - 400 051, India

Annexure I

Disclosures to be provided along with the application for listing

1.1 Issuer details:

i) Name, Address, CIN and PAN:

Name:

Address (Registered Office)

CJN

PAN

Line of business

Chief Executive (Managing Director/ President/ CEO/ CFO)

Group affiliation (if anv)

1.2 Details of the Directors:

Name, Designation and DIN

Mr. Pradip P. Shah

Chairman &

Independent Director

(DIN: 00066242)

Registered Office BASF India Limited

Age

67 years

The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Sandra (East), Mumbai - 400 051, India

Tel +91 22 6278 5600

CIN - L33112MH1943FLC003972

www.basf.com/in

BASF India Limited

The Capital, 'A' wing, 1204-C, 12111 Floor, 'G' Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400051

L33 I 12MH l 943FLC003972

AAACB4599E

Manufacture and Sale of Chemicals and Chemical Products.

Managing Director: Mr. Narayan Krishnamohan CFO: Mr. Narendranath J. Baliga

-

Address

72A Embassy Apa11ments, 7'11 Floor, NapeanSea Road, Mumbai- 400006.

Director Since

31/01/2000

List of other directorships

Bajaj Auto Limited, Godrej & Boyce Manufacturing Company Limited, Helios GreenTech Private Limited, IndAsia Fund Advisors Private Limited, Kansai Nerolac Paints Limited, KSB Limited, Kancor Ingredients Limited, Pfizer Limited, Pangea EcoNet Assets Private Limited, Sonata Software Limited, Franklin Templeton Asset

Management (India) Private Limited, Ambit Private Limited, Universal Trustees Private Limited, Grow Trees Private Limited, Supra Advisors (BVI) Limited (British Virgin Islands)


Mr. Narayan 48 years Krishnamohan Managing Director (DIN: 08350849)

Mr. Dirk Bremm 46 years Non-Executive Non-Independent Director (DIN: 08511847)

Dr. Ramkumar Dhruva 51 years Non-Executive Non-Independent Director (DIN: 00223237)

Mr. R. A. Shah 88 years Independent Director (DIN: 00009851)

Mr. Arun Bewoor 77 years Independent Director (DIN: 00024276)

Mrs. Shyamala 70 years Gopinath Independent Director (DIN: 0236292 l )

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 +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

50 I /502 Mary 0 1/04/2019 Ellen, D Wing, Off Ceasar Road, Amboli, Andheri (West), Mumbai-400058.

BASF Coatings 21/07/2019 GmbH, EC, Glasuritstrasse I , 48165 Muenster, Germany.

BASF Belgium I 0/08/2018 Coordination Center Comm. V, Building WOP-F l , Street Dreve Richelle I 6 I E/F, 1410 Waterloo, Belgium. Panorama, 2nd 24/04/1968 Floor, 203, Walkeshwar Road, Mumbai- 400006.

278 Sterling 19/01/2010 Apartments, 14"' Floor, 38 Pedder Road Bombay 400 026

Flat No. 1103, B 23/01/2019 wing, Gimar Heights, Bhakti Park, Wadala East, Mumbai- 400037.

BASF Chemicals India Private Limited, BASF Catalysts India Private Limited, BASF Lanka (Private) Limited, BASF Bangladesh Limited, BASF Grameen Limited, Bombay Chamber of Commerce and Industry.

N.A.

N.A.

Procter & Gamble Hygiene and Healthcare Ltd., Pfizer Limited, Godfrey Philips India Ltd., Colgate Palmolive India Ltd., Lupin Limited, Atul Limited, Inda German Chamber of Commerce, Jumbo World Holdings Ltd., ThyssenKrupp Industrial Solutions (India) Private Limited.

Agro Tech Foods Limited, Jasmine Concrete Exports Private Limited, Underwater Services Company Limited, Etemis Fine Chemicals Limited, International Market Assessment India Private Limited.

HDFC Bank Limited, ColgatePalmolive (India) Limited, Tata Elxsi Limited, Macrotech Developers Limited, CMS Info Systems Limited, NDDB Dairy Services, Grassroot Trading Network for Women.


Mr. Rajesh Naik 50 years IRJS 20 I, Kesar 01/08/2014 N.A.

Whole-time Director Garden, Sect - 20, (DIN: 06935998) Kharghar, New

Mumbai- 410210.

Alternate Directors· Name, Designation and Age Address Director List of other directorships DIN Since

Mr. Narendranath J. 52 years Glen Ridge, 1101, 01/01/2015 BASF Chemicals India Private

Baliga Hiranandani Limited, BASF Catalysts India

Chief Financial Officer Gardens, Powai, Private Limited, BASF Colors &

and A Item ate Director Mumbai- 400076. Effects India Private Limited,

to Mr. Dirk Bremm Nunhems India Private Limited,

(DIN: 07005484) BASF Lanka (Private) Limited.

Mr. Pradeep Chandan 58 years Flat No. E-504, 0I/04/2019 BASF Chemicals India Private

Company Secretary and Mars Vasant Limited, BASF Catalysts India

Alternate Director to Galaxy, Bangur Private Limited, BASF Colors &

Dr. Ramkumar Dhruva Nagar, M. G. Road, Effects India Private Limited,

(DIN: 00200067) Goregaon West, Chemetall India Private Limited,

Mumbai- 400090 Nunhems India Private Limited, BASF Lanka (Private) Limited, BASF Bane:ladesh Limited.

1.3 Details of changes in Directors in last three financial years including any change in the current year

Name, Designation and DIN

Dr. Rainer Diercks Non-Executive Non-Independent Director (DIN: 01725080)

Mr. Oops Pillay Non-Executive Non-Independent Director (DIN: 06599533)

Mr. Raimar Jahn Non-Executive Non-Independent Director (DIN: 07819517)

Dr. Lakshmi Nadkarni Alternate Director (DIN: 07076164)


Date of appointment

23.01.2006

30.04.2013

01.04.2017

01.04.2017

The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Ku�a Complex, Sandra (East), Mumbai - 400 051, India Tel +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

Date of cessation (in case of Remarks (viz. reasons resignation) for change etc)

31.03.2017 Resignation





Dr. Andrea Frenzel 01.01.2015 Non-Executive Non-


Independent Director (DIN: 07070693) Dr. Ramkumar Dhruva I 0.08.2018 - N.A. Non-Executive Non-Independent Director (DIN: 00223237) Mrs. Shyamala 23.01.2019 - N.A. Gopinath Independent Director (DIN: 02362921) Mr. R. R. Nair 03.03.2001 31.03.2019 (completion of Completion of tenure as Independent Director tenure as Independent Independent Director. (DIN: 00202551) Director) Dr. Raman 01.10.2013 Ramachandran

31.03.2019 (superannuation) Superannuation

Chairman & Managing Director (DIN: 00200297) Mr. Narayan 01.04.2019 - N.A.

Krishnamohan Managing Director (DIN: 08350849) Mr. Pradeep Chandan Alternate Director and

01.04.2019 N.A.

Company Secretary (DIN: 00200067) Mr. Dirk Bremm 21.07.2019 - NA

Non-Executive Non-Independent Director (DIN: 08511847)

1.4 List of top 10 holders of equity shares of the Company as on 31st December, 2019:

Sr. Name and category of the No. shareholder

1 BASF Societas Europaea (Promoter)

2 BASF Schweiz AG (Promoter Group Shareholder)

3 BASF Construction Solutions GmbH (Promoter Group Shareholder)

4 Bajaj Allianz Life Insurance Company Ltd. (Public Shareholder)

5 General Insurance Corporation of India (Public Shareholder)

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 +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

Total no. of equity No. of shares in Total shares demat form shareholding as %

of total no. of equity shares

20939259 20939259 48.37

8907900 8907900 20.58

1896061 1896061 4.38

948739 948739 2.19

690000 690000 1.59


6 Life Insurance Corporation of 576588 576588 1.33 India (Public Shareholder)

7 Franklin India Focused Equity 511414 511414 1.18 Fund (Public Shareholder)

8 TATA Mutual Fund - TATA Hybrid 427442 427442 0.99 Equity Fund (Public Shareholder)

9 Atul Limited (Public Shareholder) 261396 261396 0.60 10 First State Indian Subcontinent 249582 249582 0.58

Fund (Public Shareholder)

1.5 Details of the Statutory Auditor:

Name and address Date of annointment Remarks Price Waterhouse Chartered Accountants LLP 28/09/2017 -

252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai- 400028.

1.6 Details of the change in the statutory auditor in last three financial years including any change in the current year:

Name and address

BS R&Co. LLP

5th Floor, Lodha Excelus, Apollo Mills Compound, N.M.Joshi Marg,Mahalakshmi,Mumbai- 400011.


Date of appointment/ resignation Date of cessation (in case of resignation)

Date of appointment under the N.A. Companies Act, 2013: 27/08/2014.

Date of cessation: 28/09/2017 (Completion of tenure as Auditors of the Company pursuant to the Companies Act, 2013)

The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurta Complex, Bandra (East), Mumbai - 400 051, India Tel +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

Remarks (viz. reasons for change etc)

Pursuant to the provisions of the Companies Act, 2013, B S R & Co. LLP were appointed as the Statutory Auditors of the Company for a period of three year (since they had already completed seven years term prior to their appointment under the Companies Act, 2013) from the conclusion of the Annual General Meeting held on 27 1

" August, 2014 till the conclusion of the Annual General Meeting held on 28°1 September, 2017.


Price Waterhouse Date of appointment: 28/09/2017 N.A. After the expi1y of tenure of BS R & Chartered Co. LLP as the Statutory Auditors of Accountants LLP the Company, 252,Veer Price Waterhouse Chartered Savarkar Marg, Accountants LLP were appointed as Shivaji Park, the Statutory Auditors of the Dadar (West), Company. Mumbai- 400028.

1.7 List of top 10 debt securities holders (as on 31th December 2019): NIL

1.8 List of top 10 CP holders (as on 31th December 2019): Only following CP was outstanding as on 31 th December, 2019 and the details are mentioned hereinbelow:

Sr. Name of CP holder Category of CP Face value of CP CP holding percentage as a

No. holder Holding (INR) percentage of total CP

outstanding of the issuer

1 ICICI PRO MUTUAL FUND 250 Crore 50%

2 IDBI MUTUAL FUND MUTUAL FUND 100 Crore 20%

3 DSP mutual fund MUTUAL FUND 150 Crore 30%

2. Ma!eria/ !nfcmnation:

2.1 Details of all default/s and/or delay in payments of interest and principal of CPs, (including technical delay), debt securities, term loans, external commercial borrowings and other financial indebtedness including corporate guarantee issued in the past 5 financial years including in the current financial year: NIL

2.2 Ongoing and/or outstanding material litigation and regulatory strictures, if any: NIL

2.3 Any material event/ development having implications on the financials/credit quality including any material regulatory proceedings against the Issuer/promoters, tax litigations resulting in material liabilities, corporate restructuring event which may affect the issue or the investor's decision to invest / continue to invest in the CP:

The Company has received demand notices from Commercial Tax Department, Karnataka, aggregating to Rs.324.49 crore (including interest & penalty) for the period 2006-2010, 2010-11 (2 months), 2014-15, by treating the stock transfers of its Mangalore Plant as interstate sales to dealers. However, the Hon'ble Karnataka Appellate Tribunal vide its Order dated 16th October, 2019, received by the Company on 22nd October, 2019, has granted stay on recovery of demand aggregating to Rs. 225.68 crore (including interest & penalty) pertaining to the period 2006-2010. Earlier, the recovery of the demand pertaining to the period 2010-11 (2 months) and 2014-15 aggregating to Rs. 98.81 crore (including interest & penalty) had been stalled by the Hon'ble Karnataka Appellate Tribunal.

The Company has received demand notices for the further periods as well i.e. 2010-13 from the Commercial Tax Department, Karnataka aggregating to Rs. 211.25 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers. The Company has also received a Notice for Rs. 46.39 crores (including interest & penalty) for the period

Registered Office BASF India Limited The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Sandra (East), Mumbai - 400 051, India Tel +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

�

Sr. No.

1

2

3


2015-16 from Commercial Tax Department, Karnataka. The Company is in the process of filing its detailed reply/submission/appeals in response to these Notices.

Based on the expert legal advice obtained by the Company, it does not consider these stock transfers as interstate sales. Hence no provision is considered necessary in the books. The Company will continue to take all necessary legal steps to defend the matter.

3. Details of borrowings of the ('ompa11y as vn the latest quarter end (31'" December 2019):

ISIN

3.1 Details of debt securities and CPs:

Tenor/ Period Coupon Amount

of Maturity issued Date of Date of Redemption/ Credit i:,ecured/ Security

�llotment ISchedule Rating Unsecured

INE373A14941 92 days 99.0646 2,500,000,000 16-Oct-19 16-Jan-20 Al+ Unsecured N.A.

INE373A14958 90 days 98.6500 1,000,000,000 31-Oct-19 29-Jan-20 Al+ Unsecured N.A.

INE373A14966 69 days 99.0321 1,500,000,000 17-Dec-19 24-Feb-20 Al+ Unsecured N.A.

Sr. No.

l.

3.2 Details of secured/ unsecured loan facilities/ bank fund based facilities/ rest of the borrowing, if any, including hybrid debt like foreign currency convertible bonds (FCCB), optionally convertible debentures / preference shares from banks or financial institutions or financial creditors, as on last quarter end:

a) lntercompany Loan

Name of Lender Facility Type Amount Sanctioned

Chemetall lndia Pvt Ltd Inter Company Rs. 100 crores Loan

b) External Commercial Borrowing:

Principal O/s

Rs. 25 crores

Repayment schedule

5th March 2020

Security, if Credit Rating applicable Applicable

N.A. N.A.

Other detail IPA

HDFC Bank

HDFC Bank

HDFC Bank

Asset Class

Standard

Sr. Name of Lender Facility Amount Principal Repayment Security, if Credit Asset Class

No.

1

2

Type Sanctioned 0/s schedule applicable Rating

Applicable

BASF Ireland ECB USD 150 Million USD 23.5 2nd April 2020 N.A. NA Standard Limited Million

BASF Ireland ECB Euro 17.3 Euro 31'1 May 2021 N.A. NA Standard Limited Million 17.3 Million

3.3 The amount of corporate guarantee or letter of comfort issued by the issuer along with name of the counterparty (like name of the subsidiary, JV entity, group company, etc) on behalf of whom it has been issued, contingent liability including debt service reserve account (DSRA) guarantees/ any put option etc.: NIL

-I. Issue lnformatio11:

4.1 Details of current tranche including ISIN, amount, date of issue, maturity, all credit ratings including unaccepted ratings, date of rating, name of credit rating agency, its validity period (details of credit rating letter issued not older than one month on the date of opening of the issue), details of issuing and paying agent and other conditions, if any:

Registered Office BASF India Limited The Capital. 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Sandra (East), Mumbai - 400 051, India Tel +91 22 6278 5600 CIN · L33112MH1943FLC003972 www.basf.com/in


ISIN Detail (This information has to be filled up per ISIN separately)

ISIN INE373Al4982 ISIN Type (Fresh

Fresh Issue Issue/Further Listing)

Number of CP 4000 Face Value per CP (Rs.) 5,00,000/-

Issue Opening Date 11-03-2020 Issue Closing Date 13-03-2020

Whether this scrip is/ going No Issue Price per CP (Rs.) 493,601. 00 to be on other Exchange

Date of allotment 16-03-2020 Date of Maturity 15-06-2020

Tenure (in days) 91 Issuer Type (PSU/ Corporate/

Corporate AIFI/ Primary Dealer)

Credit Rating CRISIL Rating Date( valid for 2 months) 31-01-2020

INDIA RATING Rating Date(valid for 12 Months) 10-01-2020

Rate of Interest 5.20% Name of Issuing and Paying

HDFC BANK Agent (IPA)

4.2 CP borrowing limit, supporting board resolution for CP borrowing, details of CP issued during the last 15 months:

Date of Issue Face Value

13-Jun-l 8 2,000,000,000

23-Jul-l 8 1,500,000,000

I I -Sen-18 2,000,000 000

2 I-Seo-18 1.250,000,000

15-Oct-18 I 800,000,000

20-Nov-l 8 2,000,000,000

I I -Dec-18 I 500,000,000

15-Feb-19 1,200,000,000

10-Mav-19 2,000,000,000

2-Allr-19 2 000 000,000

25-Jun-l 9 2,500,000,000

26-Jun-l 9 1,000.000,000

29-Jul-19 1,000,000,000

28-Au<'-19 2,000,000,000

4-Oct-19 2,500,000 000

16-Oct-19 2,500,000,000

29-Oct-19 1,000,000,000

I 7-Dcc-19 1,500,000,000

I 6-Jan-20 3.000.000,000.00


Maturity Date

I I -Scp-18

21-Scp-l 8

9-Nov-18

20 -Nov-18

14-Dec-18

I 8-Jan-19

I 5-Feb-l 9

29-Mar-19

25-Jun-l 9

26-Jun-l 9

28-Aug-19

27-Sept-19

27-Sep-J 9

3 I -Oct-19

4-Dec-l 9

16-Jan-20

29-Jan-20

24-Feb-20

16-Mar-20

The Capital , 'A' Wing, 120 4-C , 12th Floor, Plot No. C -70 , 'G' Block, Bandra-Kurla Complex, Sandra (East), Mumbai - 400 051, India Tel +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

Credit Name of Rating Name oflPA ISIN Number

Rating Agency Validity

Al+ CRISIL 60 DAYS HDFC Bank INE373A 14800

Al+ CR.ISIL 60 DAYS HDFC Bank INE373Al4818

Al+ CRISIL 60 DAYS I IDFC Bank INE373Al4826

Al+ CRISIL 60 DAYS HDFC Bank INE373AI4834


Al+ CRISIL 60 DAYS HOIT Bank INE373Al4859

Al+ CRISIL 60 DAYS HDFC Bank 1NE373A 14867


Al+ CRISIL 60 DAYS HDFC Bank INE373Al4891




Al+ CRJSIL 60 DAYS HDFC Bank INE373Al4917





Al+ CRISIL 60 DAYS HDFC Bank INE3 73A 14966

Al+ CRISIL 60 DAYS I IDFC Bank INE373A 14974

Rated

Amount

(in rupees)

750 Crores

750 Cr orcs

750 Crores

750 Crorcs

750 Crores

750 Crorcs

750 Crores

750 Crorcs

750 Crores

750 Crores

750 Crorcs

750 Crores

750 Crores

750 Crores

750 Crorcs

750 Crores

750 Crorcs

750 Crorcs

750 Crs


4.3 End-use of funds: For Working Capital Requirements.

4.4 Credit Support/ enhancement (if any): Not Applicable

{i) Details of instrument, amount, guarantor company (ii) Copy of the executed guarantee(iii) Net worth of the guarantor company(iv) Names of companies to which guarantor has issued similar guarantee(v) Extent of the guarantee offered by the guarantor company(vi) Conditions under which the guarantee will be invoked

5. Financial lnfcmnation:

5.1 Audited / Limited review half yearly consolidated (wherever available) and standalone financialinformation (Profit & Loss statement, Balance Sheet and Cash Flow statement) along with auditor qualifications, if any, for last three years along with latest available financial results:

Annual Reports of the Company for the financial years 2016-2017, 2017-2018 and 2018-2019 are enclosed herewith.

5.2 Latest audited financials should not be older than six month from the date of application for listing:

Provided that listed issuers (who have already listed their specified securities and/or 'Non-convertible Debt

Securities' (NCDs) and/or 'Non-Convertible Redeemable Preference Shares' (NCRPS)) who are in compliance

with SEBI (Listing obligations and disclosure requirements) Regulations 2015 (hereinafter "SEBI LODR

Regulations"), may file unaudited financials with limited review for the stub period in the current financial

year, subject to making necessary disclosures in this regard including risk factors:

Unaudited Financial Results for the quarter & half year ended 3011' September, 2019 and quarter & nine

months ended 31st December, 2019 are enclosed herewith along with Limited Review Report of the

Auditors.

6. Asset Liability Management (ALM) Disclosures:

6.1 NBFCs seeking to list their CPs shall make disclosures as specified for NBFCs in SEBI Circular nos. CIR/IMD/DF/ 12 /2014, dated June 17, 2014 and CIR/IMD/DF/6 /2015, dated September 15, 2015, as revised from time to time. Further, "Total assets under management", under para 1.a. of Annexure I of CIR/IMD/DF/ 6 /2015, dated September 15, 2015 shall also include details of off balance sheet assets: Not Applicable.

6.2 HFCs shall make disclosures as specified for NBFCs in SEBI Circular no. CIR/IMD/DF/ 6 /2015, dated September 15, 2015, as revised from time to time with appropriate modifications viz. retail housing loan, loan against property, wholesale loan - developer and others: Not Applicable.

For BASF India Limited

� � Anand Naik

Deputy Manager, Finance-CRM

Registered Office BASF India limited The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Ku�a Complex, Sandra (East), Mumbai - 400 051, India Tel +91 22 6278 5600 CIN - L33112MH1943FLC003972 www.basf.com/in

�u� Harishchandra Malvankar Deputy Manager- Finance Processes

D ■ BASFWe create chemistry

BASF India Limited. Mumbai - 400 051. India

The Market Operations Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001.

Name of the Company Security Code No.

Dear Sir/Madam,

BASF INDIA LIMITED 500042

February 11, 2020

Re: Board Meeting to consider the Unaudited Financial Results of the Company for the quarter and nine months period ended 31 st December, 2019.

Further to our letter dated February 4, 2020 on the captioned subject, we enclose herewith the Unaudited Financial Results of the Company for the quarter and nine months period ended 31st December, 2019 along with the signed Limited Review Report, which were approved and taken on record by the Board of Directors of the Company at their meeting held today. The meeting commenced at 11.30 a.m. and concluded at 2.30 p.m. The said results will be published in the newspapers on Thursday, 13th February, 2020.

Please treat the above information as disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Request you to kindly take note of the above and acknowledge receipt of the same.

Thanking You,

Yours faithfully, For BASF India Limited

� --� 0/ �

�1radeep C�andan \ :::::>

Director - Legal, General Counsel (South Asia) & Company Secretary

cc: The National Stock Exchange of India Ltd. Exchange Plaza, Plot No.C/1, G Block Sandra - Kurla Complex Sandra (East), Mumbai - 400 051.


The Capital 'A' Wing, 1204-C, 12th Floor Plot No. C-70, 'G' Block Bandra-Kurla Complex, Sandra (East) Mumbai - 400 051, India

Tel +91 22 6278 5600

CIN - L33112MH1943FLC003972

www.basf.com/in

Pankaj Bahl Manager- Company Secretarial

BASF Jodi.a Limited

Regd. Office: The Captt'a\ 'A' \Vmg, 1204-C, 12th Floor, Plot No. C-70, 1G' Block, Dandra-Kurla Comple:s:, Bandra (Eut), Mumhal-400 OSI, India, Tel: 012-6278S600. Statement of Unaudited FlnanclalResuk1 for the quarter and nine month, ended December 31, 2019

Rs. fn mRHon

Correspondfng 3 Year to date Year to dale Preceding months ended fagures for figurea for

3 months ended 3 months ended in the previous year current period previclu1 period Pre,ious yur ended 31/12/2019 30/09/2019 31/12/2018 tnded 31/12/2019 ended 31/12/2018 31/03!2019

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Un•udlted) (Audited)

Revenue from operations (Refer Note 8) Sale of products 19,766.8 20,260.4 13,515.2 55,699.1 45,404.8 57,986.5

Sale of services 337.4 427.0 466.6 1,187.1 1,471.0 2,001.1

Other operating revenues 39.6 55.9 68.1 138.4 200.9 269.1 20,143.8 20,743.3 14,049.9 57,014.6 47,076.7 60,256.7

Other income 38.4 62.6 48.7 155.8 100.3 133.4

Total Income 20,182.2 20,805.9 14,098.6 57,180.4 47,177.0 60,390.1

EipeD&el: Cost of materials consumed 10,060.3 10,366.4 8,033.4 29,787.6 26,686.6 34,780.1

Purchase of Stock-in-Trade 5,951.4 6,328.3 2,829.8 16,753.6 9,620.7 12,682.4

Changes in inventories of finished goods, stock-in-trade and work-in-progress 928.9 320.5 64.5 (82.0) (339.1) (1,596.1)

Employee benefit expense 875.3 903.2 973.2 2,729.7 2,8TT.2 3,764.7

Finance costs (Refer Note 4) 206.7 226.4 189.4 674.8 655.0 851.1 Depreciation and amortisation expense 465.2 456.0 373.3 1,376.2 1,115.5 1,470.9

Other cxpensc.5 1 934.8 2,064.3 2,267.5 5,864.5 6,724.1 8,979.0

Total Eipen1u 20,422.6 20,665.1 14,731.1 57,104.4 47,340.0 60,932.1

(Lon)/ Profit before ei:ceptional item and In (240.4) 140.8 (632.5) 76.0 (163.0) (542.0)

Exceptional Items (Refer Note 2) (148.8) (109.7) 55.7 (321.6) 55.7 1,260.6

(Lou)/ Profit before tu (389.2) 31.1 (576.8) (245,6) (107.3) 718.6

Tax e:s:pen1e/ (credit): (Refer Note 6) - Tax expense/ (credit) for current period (65.4) 7.9 (161.8) (27.0) (30.5) (66.0)

- Income tax (credit)/ expense for previous periods 31.3 31.l 32.6 (65.4) 7.9 (193.1) (27.0) (61.8) (98.6)

(Loss)/ Profit ror the period !323.8) 23.2 !383.7) !218.� !45.5) 817.2

Other Comprchen1tve Income Hems that will not be reclassified to profit or loss:

Remeasurement (Loss)/ Gain of post employment benefit plans (23.7) (10.7) (1.3) (148.1) (4.4) 29.1

Income tax credit/ (expense) relating to these items 1.9 2.5 0.4 35.2 1.3 !4,8) Olher Comprehen1fve Income for the period, net of tu (21.8) (8.2) (0.9) (112.9) (3,1) 2◄.3

Total Comprehen1lve Income for the period !345.� 15.0 !384.� (331.5) (48.6) 841.5

Paid-up F.quity Share Capital (Face value of Rs. 10/- each) 432.9 432.9 432.9 432.9 432.9 432.9

Reserves (excluding Revaluation Reserve&) as shown in the Balance Sheet of previous year 13,696.0

Weighted averngc number of equity share& outstanding as at period end 43,284,958 43,284,958 43,284,958 43,284,958 43,284,958 43,284,958 Basic and diluted earnings per share after exceptional items (i.n Rs.) (not annualised) (7.5) 0.5 (8.9) (5.1) (I.I) 18.9 Basic and diluted earnings per share before exceptional items (in Rs.) (not annualised) (4.6) 2.4 (9.7) 1.6 (1.6) (14.2) Face value per share (in Rs.) l0.0 l0.0 l0.0 l0.0 l0.0 10.0

BASF India Limited

Regd. Office : The Capital, 'A' Wing, 1204•C, 12th Fklor, Plot No. C-70, 'G' Block, Bandra-Kurla Complei:, Bandra (East), Mumbal-400 0S1, Indh, Tel! 011-6278S600.

Statement of Unaudited Financial Resuks for the quarter and nine months ended December 31, 2019

Notes: I The above re.suits for the quarter and nine months ended December 31, 2019 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on February 11, 2020. The above

results have been 1mbjected to limited review by the statutory auditors of the Company.

2 lli.ceptional items includes following:

Rs in million

Particular& 3 months ended Preceding Corresponding 3 Year to date Year to date Previous )'ear ended 31/12/1019 3 months ended months ended flgures for figures for 31/03/2019

30/09/2019 In the previous year current period previous period 31/12/2018 ended 31/12/2019 ended 31/12/2018

Profit on divestiture of paper wet-end and water chemicals business pursuant to global 1,593.6

divestment

Profit on transfer of pigments business 55.7 55.7 55.7 Profit on sale of its non-core assets (i.e. residential properties) 43.1

Compensation towards Voluntary Retirement Scheme for certain pcnnancnt workmen at Thane (63.I) (284.2)

plant

Write down of certain assets due to cessation of certain operations from Thane plant (147.6)

Loss on divestiture of Optical Brightening Agents (OBA) business (refer Note 5 below) (148.8) (109.7) (258.5)

Total (148.8) (109.7) 55.7 (321.6) 55.7 1,260.6

3 The Company has adopted modified retrospective approach as per para CS (c) (ii) oflnd AS 116-Leases, effective from April I, 2019. Accordingly, comparatives of the year ended March 31, 2019 (including quarter and nine months ended December 31, 2018) have not been retrospectively adjusted. On the initial date of application, the Company has recognised right of use of assets (an amount equal to the lease liability, adjusted by prepaid lease rent) of Rs. 1,922 miUion as at April 1, 2019. In the financial rcsult.s for the current period, operating lease expenses has changed from rent (included in Other expenses) to depreciation cost for the right of use of assets and finance cost for interest accrued on lease liability. The effect of this adoption on the profit for the period and the earnings per share has been appropriately dealt in these financial results. To this extent, the figures are not comparable.

4 Finance cost includes interest on income tax, interest and other costs incurred on short and long term borrowings, interest accrued on lease liabilities under Ind AS 116, effects from fair valuation of derivatives relating to futancing activities, realised (gain)/ loss on rollover of derivatives relating to financing activities, exchange differences arising from foreign currency borrowings to the extent that they arc regarded as an adjustment to interest

costs.

5 The Company had entered into a Business Transfer Agreement with Archroma India Private limited on July 8, 2019, to divest its Stilbene based Optical Brightening Agents (OBA) business for paper and powder detergent applications. The transaction was concluded on December 6, 2019 and the Company has rcwgnised total loss of Rs, 258.5 million during the nine months period ended December 31. 2019.

6 Tax expense includes provision for current income tax, tax expense for previous periods, minimum alternate tax and defened tax charge/ (credit) including minimum alternate tax credit (based on estimated average effective annual income laX rate, considering tax allowances).

7 The Company has received demand notices from the Commercial Tax Department, Kamataka aggregating Rs. 3,244.9 million (including interest and penalty) for the period 2�2010, 2010-11 (2 months), 2014-15, by treating the stock transfers of its Mangalore Plant as interstate sales to dca1ers. However, recovery of these demand& have been stalled by the Hon'ble Kamataka Appellate Tnbunal.

The Company has also filed a Writ Petition before the Hon'ble Kamataka High Court against the order passed by Hon'ble Central Sales Tax Appellate Authority (CST AA).

Further, the Company has received proposition notices aggregating Ju. 2,884.3 million (including interest and penalty) for the period 2010-11 (IO months) and 2011-14 from Commercial Tax Department, Kamataka. The Company has filed detailed reply/ submissions in rt!ponse to these notices.

Based on the expert legal advice obtained by the Company, it doti not consider these stock transfers as interstate sales. Hence no provision i.s considered necessary in the book11.

8 /13 informed to lilock exchanges on September 10, 2018, the Company has replaced the agency business with merchandise business model effective April I, 2019 and hence revenue from operations for certain business

segments for the quarters coded September 30, 2019, December 31, 2019 and nine months ended December 31, 2019 i.s strictly not comparable to previous periods.

9 Further to intimation to the stock exchange on December 23, 2019, the Board of Directors of the Company at its Meeting held on I Ith February, 2020 have approved the proposal to transfer its construction chemicals business

to Master Buildcra Solutions India PvL Ud., a fellow subsidiary Company, at a consideration of Rs. 5,951.6 million, subject to the approval of the Shareholders of the Company and such other approvals, as may be required. The transaction is expected to close by second quarter of the financial year 2020-21.

The Company's construction chemicals business, which fonns part of the Surface Technologies segment, has generated sales of Rs. 4,835.2 million for the year ended March 31, 2019. Accordingly, the non-current assets of this business have been considered as held for sale as on December 31, 2019, a.s required by Indian Accounting Standard (Ind AS) 10S -'Non-current Assets Held for Sale and Discontinued Operations'.

10 Pursuant to SEBI circular dated October 22, 2019, the Company has listed its debt instrument- Commercial Papers on Bombay Stock fachangc effective December 30, 2019.

11 Previous period figures have been regrouped/ reclassified, wherever necessary to confonn to current period classification.

12 For more details on results, visit the Investor Relations section of the Company's website at www.basf.com/m and/or website of the Stock liil:change.s viz., www.bseindia.com and www.nseindia.com.

1mw.bas[com./in

CIN No.: L33112MH l 943FLC003972

Mumbai

February 11, 2020

On behalf of the Board of Directon

N�� Narayan Kruhnamohan

Managing Director

DIN : 08350849

BASF India Limited Segment - \\ise Reyenue, Results, Auel.I, Lfabillties and Capilal Employed

3 month.I ended Preceding 3 Corre.1ponding 3 Year to date 31/12/2019 months ended months ended figures for

30/09/2019 In the prc,ious current period year 31/12/2018 ended 31/12/2019

(Unaudited) (Unaudited) /llnauditcd) (Unaudited)

1. Segment Rennue (Refer Note 8) a. Agricultural Solution 1,681.3 3,937.5 1,200.6 9,108.5

b.Materiats 4,316.2 4,139.3 3,911.8 12,537.8

c. Industrial Solutions 3,209.0 3,196.7 3,151.8 9,161.6

d. Surface Technologies 2,430.5 1,999.2 1,933.1 6,446.5

e. Nutrition & Care 4,851.0 3,658.2 1,824.6 10,601.4

f. Chemicals 3,133.0 3,143.6 333.I 7,300.3

g.Others 522.8 668.8 1,694.9 1,868.S

Total 20,143.8 20,743.3 14,049.9 57,024.6

Less: Inter - 1egment revenue .

Total income from operations (net) 20,143.8 20,743.3 14,049.9 57,024.6

2. Segment Re1ult1

Profit/ (Loss) before tax and interest

a. Agricultural Solution (29.9) 397.S (98.8) 538.1

b.Materials (33.4) (285.9) (278.1) (346.9)

c. Industrial Solutions 82.1 125.0 150.4 323.4

d. Surface Technologies 78.7 21.3 (56.9) 247.6

e. Nutrition & Care (237.7) 33.4 (122.1) (200.0)

f. Chemicals 68.3 98.1 27.9 207.S

g. Others 99.9 61.1 19.4 210.7

Total 28.0 450,5 (358,2) 980.4

Less : (i) Finance costs (Refer Note 4) 206.7 226.4 189.4 674.8

(ii) Other un-allocable expenditure net off 61.7 83.3 84.9 229.6

w1-allocable other income

Total ProfiU (Loss) before tu and exceptional items (240.4) 140.8 (632.S) 76.0

Exceptional items (Refer Note 2) (148.8) (109.7) 55.7 (321.6)

Total Profit before tai: (389,2) 31.1 (576,8) (245,6)

3. Segment Auets

a. Agricultural Solution S,ISS.I 6,720.6 4,371.1 5,155.1

b.Matcrials 10,011.9 10,444.9 9,485.7 10,011.9



c. Nutrition & Care 7,918.S 7,519.1 S,631.8 7,918.5

f. Chemicals 3,422.5 3,429.5 483.4 3,422.5

g. OLhers 885.3 1,254.3 689.4 885.3

h. Unallocated 3,134.1 2,239.2 1,998.9 3,134.1

Total Segment Assets 41,562.1 43,401.8 37,166.3 41,562.1

4. Segment LlabiUtte1

a. Agricultural Solution 2,255.0 3,790.9 1,360.1 2,255.0

b. Materials 5,797.8 5,938.8 S,361.8 S,191.8

c. Industrial Solutions 3,727.2 3,733.S 5,150.6 3,727.2


e. Nutrition & Care 5,735.2 4,178.3 2,938.5 5,735.2

f. Chemicals 2,917.4 2,642.7 291.2 2,917.4

g.Olhcrs 247.6 418.2 446.4 247.6

h. Unallocated S,254.4 6,786.S 6,547.2 5,254.4

Total Segment Liabilities 28,025.5 29,519.6 23,925.8 28,025.5

S. Capital Employed

( Segment As.sets - Segment Liabilities)

a. Agricu1tural Solution 2,900.1 2,929.7 3,011.0 2,900.1

b. Materials 4,214.1 4,506.1 4,123.9 4,214.1



e. Nutrition & Care 2,183.3 3,340.8 2,693.3 2,183.3

f. Chemicals SOS.I 786.8 192.2 SOS.I

g.Olhers 637.7 836.1 243.0 637.7

h. Unallocated (2,120.3) (4,547.3) (4,548.3) (2,120.3)

Total 13,536.6 13,882.2 13,240.5 13,536.6

The Company bas reorganised its segment structure with effect from January I, 2019. The new segment structure will enable an C\t:n m business. taking into account market-specific requirements and the competim-e environment. It will further increase the transparenc period segment figures are regrouped in accordance with revised segment structure.

a. Agricultural Solution-The Agricultural Solutions segment consists of the Crop Protection division. Agricultural Solution is sea

b. Materials -The Materials segment comprises Perfonnance Materials divisions and the Monomers divisions

c. Industrial Solutions - The Industrial Solutions segment consists of the Dispersions & Pigments divisions and Perfonnance Che

d. Surface Technologies - The Surface Technologies segment comprises the Catalysts, Coatings and Construction Chemicals di

e. Nutrition & Care - The Nutrition & Care segment consists of the Care Chemicals and Nutrition & Health divisions

f. Chemicals - The Chemicals segment consists of the Petrochemicals and Intermediates divisions

Year to Date figures for

pre,ious period ended

31/12/2018

(Unaudited)

8,028.6

12,549.3

8,927.1

5,953.0

5,717.8

1,185.8

4,715.3

47,076.9

47,076.9

793.1

(690.7)

481.2

7.8

(265.0)

138.6

281.0

746.0

655.0

254.1

(163.1)

SS.8

(107,3)

4,371.1

9,485.7

9,550.6

4,955.4

S,631.8

483.4

689.4

1,998.9

37,166.3

1,360.1

5,361.8

5,150.6

1,830.0

2,938.5

291.2

446.4

6,547.2

23,925.8

3,011.0

4,123.9

4,400.0

3,125.4

2,693.3

192.2

243.0

(4,548.3)

13,240.5

g. Others- Others includes activities that are not allocated to any oflhe contlllued operating divisions, These lllcludes rcmallllllg activities a

(Rs. In million)

Year ended 31/03/2019

(Audited)

9,333.2

16,462.3

11,478.8

8,113.8

7,580.8

1,450.0

S,837.8

60,256.7 .

60,256.7

661.6

(860.4)

715.3

77.7

(312.2)

153.3

182.8

618,I

851.1

309.0

(542.0)

1,260.6

718.6

6,633.7

9,976.1

6,435.8

5,331.4

6,051.6

658.1

1,436.2

1,991.8

38,514.7

1,838.1

6,072.2

3,952.9

2,294.3

3,345.4

298.0

845.4

5,739.5

24,385.8

4,795.6

3,903.9

2,482.9

3,037.1

2,706.2

360.1

590.8

(3,747.7)

14,128.9

textile chemicals business, paper wet-end and water chemicals business, technical and service charges other than those specifically identifiable to abO\ie s gntents. Also includes transactions relating to leather and textile chemicals business, paper wet-end and water chemicals business during the year of respccth-e divestiture.

h. Un-allocated assets mainly include advance tax (net of provisions), cash and bank balances and other un-allocable assets.

Un-allocated liabilities mainly include short term loan and other un-allocable liabilities.

j. Previous period figures ha\'C been regrouped/ reclassified, wherever necessary to confonn to current period classification.

Price Waterhouse Chartered Accountants LLP

To The Board of Directors 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

1. We have reviewed the unaudited financial results of BASF India Limited (the "Company")for the quarter ended December 31, 2019 which are included in the accompanying 'Statementof Unaudited Financial Results for the quarter and nine months ended December 31, 2019'(the "Statement"). The Statement has been prepared by the Company pursuant to Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the"Listing Regulations, 2015"), which has been initialled by us for identification purposes. TheStatement is the responsibility of the Company's management and has been approved by theBoard of Directors. Our responsibility is to issue a report on the Statement based on ourreview.

2. We conducted our review in accordance with the Standard on Review Engagement (SRE)2410, "Review of Interim Financial Information Performed by the Independent Auditor ofthe Entity" issued by the Institute of Chartered Accountants of India. This Standard requiresthat we plan and perform the review to obtain moderate assurance as to whether theStatement is free of material misstatement.

3. A review is limited primarily to inquiries of company personnel and analytical proceduresapplied to financial data and thus provides less assurance than an audit. We have notperformed an audit and, accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us tobelieve that the Statement has not been prepared in all material respects in accordance withthe applicable Accounting Standards prescribed under Section 133 of the Companies Act,2013 and other recognised accounting practices and policies, and has not disclosed theinformation required to be disclosed in terms of Regulation 33 of the Listing Regulations,2015 including the manner in which it is to be disclosed, or that it contains any materialmisstatement.

5. We draw attention to Note 7 to the financial results, which describes the status of certaindemand notices received by the Company from the Commercial Tax Department, Karnatakaand the management's assessment of the same, based on the legal advice obtained by theCompany. Our conclusion is not modified in respect of this matter.

For Price Waterhouse Chartered Accountants LLP

Firm Registration Number: 012754N/N500016 Chartered Accountants

J eetendra Mirchandani

Partner Membership Number: 048125 UDIN: .2.00Li!s\'2.S"AAAAOU,:i'a"\

Place: Mumbai

...... P�.t.e.: . .f..e.�.r.�.<l�'Y. .. ��,.??.2.?. ........................................ .

Price Waterhouse Chartered Accountants LLP, 252, Veer Savarlcar Marg, Shivaji Parle, Dadar (West) Mumbai - 400 028

T: +91 (22) 66691500, F: +91 (22) 66547804/ 07

Registered office and Head office: Sucheta Bhawan , 11A Vishnu Digambar Marg, New Delhi 110 002

Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/NS00016 (ICAI registration number before conversion was 012754N)

D ■ BASFWe create chemistry

BASF India Limited, Mumbai - 400 051, India

The Market Operations DepartmentBSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001.

Name of the Company Security Code No.

Dear Sir/Madam,

BASF INDIA LIMITED 500042

November 7, 2019

Re: Board Meeting to consider the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2019.

Further to our letter dated October 25, 2019 on the captioned subject, we enclose herewith the UnauditedFinancial Results of the Company for the quarter and half year ended 30th September, 2019 along with thesigned Limited Review Report, which were approved and taken on record by the Board of Directors of theCompany at their meeting held today. The meeting commenced at 11.00 a.m. and concluded at 2.00 p.m.The said results will be published in the newspapers on Saturday, 9th November, 2019.

Please treat the above information as disclosure under Regulation 30 of the Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Request you to kindly take note of the above and acknowledge receipt of the same.

Thanking You,

Yours faithfully, For BASF India Limited

� -��radee; Chandan Director - Legal, General Counsel (South Asia)& Company Secretary

cc: The National Stock Exchange of India Ltd.Exchange Plaza, Plot No.C/1, G BlockBandra - Kurla Complex Bandra (East), Mumbai - 400 051.

Registered Office BASF India Limited The Capital 'A' Wing, 1204-C, 12th Floor, Plot No. C - 70, 'G' Block, Sandra Kurla Complex, Sandra (East), Mumbai - 400 051, India

Tel +91 22 6278 5600

CIN • L33112MH1943FLC003972

www.basf.com/in

Pankaj Bahl Manager- Company Secretarial

DAS ... India Limited Regd. Office: The Cnpital, 'A' Wing, 1204.C, 12th Floor, Plot No. C-70, ·c• Block, Bandra-Kurh, Complex, Oandra (East), Mumbai- 400 OSI, lndiit, Tel: 022-62785600.

Statement or Un:rndited Financial Results for the quarter and six monlhs ended Sl'ptembcr 30, 2019 Rs. in million

Corresponding 3 Year to date months ended figures for current Year to date figures

J months ended Preceding 3 months in the previous year period ended for previous period Previous year ended 30/09/2019 ended 30/06/2019 30109/2018 30/09/2019 ended J0/09/2018 31/03/2019

(Unaudited) (Un:1udited) (Unaudited) (Unaudited) (Unaudited) (Audited)

Revenue r,om operntio11s (Refer Note 8) Sale of Products 20,260.4 15,671.9 16,187.0 35,932.3 31,889.6 57,986 5 Sale or Sm·tres 427 0 422.7 506.7 849.7 1.004.4 2,001.1 01hcr oJ)CraliOA rcl'cnucs 55.9 42.9 62.0 98.8 132.8 269.1

10,743.3 16,137.5 16,755.7 36,880.8 33,016.8 60,156.7 Other mcoftle 62 6 54.8 29.4 117.4 51.6 133.4

Total lncot11e 20,805.9 16,192.3 16,785.1 36,998.l 33,078.4 60,390.1

Expenses: Cost of m3tcri:1ls consunk.--d 10.366 4 9,360.9 9534.2 19.727.3 18.653.2 34.780.1 Purchase or Stock-in-Trade 6,328.3 4,473.9 2.795.9 10.802.2 6.790.9 12,682.4 Changes tn inventories of fimstk.'Cl goods, stock•in-ttadc and \\Ork•111•1>rogn..--ss 320.5 (1,331.4) 533.4 (1,010.9) (403.7) (1.596.1) Emplorcc bencfi1 c:,;pcn.se 903.2 951.2 928.2 1.854.4 1.904.0 3.764 7 Finance costs (Refer NOlc 4) 226.4 2417 222.6 468.1 465.6 851.1 Ocpt\-ci�llon and amortisation C.'-pcnsc 456.0 455.0 370.1 911.0 742.2 1.470.9 Other c�JX"'llscs 2.064.3 1.865.4 2.281.9 3.929.7 4.456.6 8.979.0

Total Expenses 20,665.1 16,016.7 16,666.3 36,681.8 32,608.8 60,932.1

Profil/(Loss) before exceptional item :uid tax 140.8 175.6 118.8 316.4 469.6 (542.0)

Exceptional items (Refer Note 2) (109.7) (63.1) (172.8) 1,260.6

Profit beforf' tax JI.I 112.5 118.8 143.6 469.6 718.6

Tax expense/ (credit): (Rcrer Note 6) • Tax expense/ (cmtit) for cum.�nt period 7.9 30.5 25.0 38.4 131.3 (66 0) • Income ta\'. (credit)/ expense for prc,•ious periods J2.6

7.9 30.5 25.0 J8.4 131.3 (98.6)

Profit for the period 23.2 82.0 9J.8 JOS.? 338.3 817.2

Other Comprehensive Income l!cms Iha.I will not be reclassified to profit or loss:

Rcmcasurcrncnt (Loss)/ Gain or post emplo,111cnt benefit plans (10 7) (113.7) 14 I (124.4) (3.1) 29.1 Income 1.:1, cn.'Clit/ (expense) relating to these Items 2.5 30.8 (4 3) J3.3 0.9 (4.8)

Other Co1111>rehl'nsive Income for the period, net or tax (8.2) (81.9) 9.8 (91.1) (2.2) 24.3

Total Comprehensive Income for the period 15.0 (0.9) 103.6 14.J 336.1 841.5

Paid-up Equit\' Shan: C::apit::al (Face \·aluc of Rs. JO/. c.ach) 4J2.9 432.9 432.9 432.9 432 9 432 9

Rcscr\'1.-'S (c:<cludinR Rcvalua11on Reser.cs) as shO\\n in the Balance Sh<.-ct or previous ,·car 13,696.0 WciW]1cd avcraRe number of L'Quitv shares outstandin� as al period end 43,284,958 43,284,958 43,284,958 43.284,958 43,284.958 43.284,958 Basic and diluh.xl camin�s per share after exceptional ilcms (in Rs.) (nol annualised} 0.5 1.9 2 2 2.4 7.8 18 9 Basic and dilutLxl camiAA,S per share before C\'.CCptional items (in Rs.) (not annualised) 2 4 3.0 2.2 54 7.8 (14.2) Face value per share (in Rs ) 10.0 IO.O 10.0 10.0 10.0 10.0

/

DASI-� India Limittd Rtgd. Office: Tht C1pi1al, 'A' Wine. 120-I-C, 121h Floor, Plot No. c.10, •G' 810<k, 01ndra-Kurl1 Complt:.i. 81ndr1 (Eut), Mumbai - 400 �1. India, Ttl: 022-62785600.

Stattmt:11 1 or UHudittd Financial RHults for lht qu1rttr and si.s: 111011lhs t■df:d Stpltmbtr 30, 2019

Notts: I T� above r-cs,� for thcquaner and SI'( mooths cndod September 30, 2019 ha\·c been 0:\ 1c,,� b) the Audit Comnuttce and thereafter appron .. -d by the Board of D1n.-cton at 11s mccung held on NO\-cmbcr 7, 2019 The abo\c rcsulu �,'C

bt.'ffl subJe&tt."d., ltm1tcd mte\\ b) the 11111ut� audtton or the Comp.in) 2 E,a.-pt� I "111111 U"K:ludcs (olknwm

R., tn nu ion P1r1icul1r!F J months t.ndtd Prtctding J months Corrtsponding 3 Ytar to d1lt Yur lo d11t: lieur� Prtvious yur tnded

J0/09/2019 endtd J0/06/2019 months tnded rieuru for currtnl for Prt"ious period JI/OJ/2019 in lht previous yt:ar ptriod tndtd cndtd J0/09n018

J0/09/2018 J0/09/2019

Profit on di'-'�n: of paper ,,e1-md and muer chcnocals business pursuam 10 global dl\'CSlmcnt l ,S9J 6

Profi1 on 1r.insfct or p1,uncnts busmcss 551

Profit on w,ledits non� ass-..--ts (1 c res1dcnl.al propc."f11CS} 43 I Compensation IIMuds Votuntaf) Rchn:mcnt Schnnc for certain pcmlancnt "on.men .11 Th.Inc . (6J I) (63 I) (284 2) planl

Wn1c do\,,, of ctrtatn assets due 10 ccssahon of certain operations from Thane plant (147 6)

Wntc 00\,1'1 of cu1:un asscu related to Opt1c;al Bnghtcmng Agents (ODA) business (refer note 5 (109 7) (109 7) bclO\•I

ITotal 1109 71 /61.11 117 •• I 260.6

3 The Comp.-ny bs adopted mod1fit.-d n:trospcctm:: appro.ach as per para CS (c} (u) o(lnd AS 116- LcaSt.'S, cff ... -c11,·c from Apol I, 2019 Accordmgl), comparall\CS 0(1hc year ended March 31, 2019 (including quarter and six months cnd..-d Scplcmbcr JO, 2018) hnc not been n:trospcch,'CI� adJush.-d On the 1n111:al date of :apphutaon, the Cornpan) has rccopl$Cd npl of use of assets (:in amount cqu.11 to the kasc: hab1lit). adJush.-d b) prepatd lcuc rent) of Rs 1,922 m,lhon as a1 Apnl I, 20 J 9 .. the financ..al results for lhc current pcnod, opcra11na kuc expenses has du.ngcd from rent (included m Other c\:pmscs) to ckprtc.ataon cost for Lhc nghl of use of assets and fiNncc cost for mtcn:s:1 ac:cNCd on kuc l1ab1h1y The cffccc of lh& adopttOn on the profit for the pcnod ind the cammgs per share has bcicn appropna1cl) dealt 1n these financial results To this cx1cn1.., lhc figures arc not comp:.rablc

4 Finance cost mchi<ks mlcrcst on mcornc ta,, m1cn:,1 and other costs 1ncurrl.'d on short and long tern, borr0\,1n&5. mlcrcst accnu.-d on lease hab1hll1."S under Ind AS 116, effects from f;m \.tlu.illon of <km'iltl\CS rdatmg to financing acl1\1t1cs, rc:ahscd (pin)/ loss Of1 rollo\1:r of dcm.tU\ 'd n:1;111111 to financing actmtics. c,dungc d1ffm.--nccs ans•• fron, foreign curn.-nc) borrO\\'"IS to the cxh:nl IN11hc) arc rq.ar<l--d u an adJustmcnt to mtcrcs:t cosu

5 The Con,pan) has cntcn:d wKo a Business Transfi:r Agnx.'MC'f'lt on Jul) I, 2019, to d1,cst 11.s S11lbcnc based Optical Orighlcn1na Agents (OBA) business for paper and pc)\\dcr detergent apphca11ons The OBA buStrK.-SS had generated sales of appro'<1ma1cl) Rs 2,200 m,lhon, dunng the financial )Car ended March 31, 2019 The tran.sachon is C\l)(.'Clt.-d 10 close b> the end 0(2019 Pursu;int lo 1hc .same, the Con1pa.n) has r1.,-cogmscd ,,rite down of ccrlam nsscts rdatt.-d 10 OBA busmcss aggrcg,.11ng Rs 109 7 nulhon dunng the quarter ind s,, months cndt.'d Scph:mbcr 30, 2019

6 Ta" c,pcnsc � pro-,mon for current ancomc ta_,, u, c,pcnsc for pn.:,aous penods, m,mmum alternate 1a, and dcfcm:d Ui, c�rgc/(cnxht) inc� m1n1mum alccnutc ta, credit (bucd on cslmutcd ncragc cffoc1wc annual income ta, rate, cormdcnflll\ alk>\,anccs)

7 The Compa.n� hu rccc,nxl demand notices from the Conmierc1al Tl\ CA-partmcnt. Kamala�a agsrcgatu'I Rs 3,244 9 malhon (111cludmg mlcrcst and penalt)) for the pcnod 2006-2010, 2010•1 I (2 monthJ), 2014•15, b) tn:atmg 1hc stod, lran.s(crs of 11s Mansalorc Plant as 1111crs1111c sales 10 dc;ih!rs l lowc,·cr, n.'COWf) of these dcn l3nds ha,-= b«n stalled b) the Hon'bl1.: Kanutaka Appellate Tnbu1l31

The Com1>3n) hu also fik'd a Wnl Pct1t10n bcfon: the I lon'blc KamataU I llgh Court a13mst the order passed b) l lon'blc Ccntnal S.1lc:s Ta"< Appcll;atc Aulhont) (CST AA)

Further, the C01:1pan, ha.s n:ttm:d propos111on notices aggrept.ing Rs 2,11-1 3 mdhon (1ncludmg mt� and prnalt)) for the penod 2010.11 (10 monlhs) and 2011•14 from Conuncrc1al Tl\ IA,,artmcnl, Kamatala The Cornp:in) 1s rn the process o(filingdcu1kd rq,I�/ submissions in response 10 1hcsc Not,ccs

Ba�'d on the c,pcn kgal ad,1cc obtamcd b) 1he Cornpan�. 11 docs noc consider these s1ock 1ransfcrs as mtcrs1a1c saks I knee no pro\'1s1on 1s cons1dcn.'d nc«.SJ.1') m the bool.s

8 As informed toaod, c"(cNngcs on Scplcmbcr 10, 2013, the Compan) has replaced the agrnc:\ business \\1lh mcrCNnd1sc business model cfT1..-"Ctt\C Apnl I, 2019 and hence R..:H-nuc from operations foro:rtam business sqmcnts (or the quarters ended June JO, 2019, �--ptcntbcr 30, 2019 and s1, monthstndcd September JO. 2019 is stnctl, not comp.arabk: to p«:\IOUS pc:nods

9 Prc,aous pcnod figures ha,'C been n.'lroupcdl rcclass,ficd, ,,hcrc,cr l'k."'CQsa" to conform to current pc:nod clunfacat1011

10 For nlQrc dcta,lson Results. ns1t 1h.: ltl\\.'S10r Rda11ons scc11on of the Con,pan) ·s \\cbs1tc at""'' buf com/m and/or ,,cbs,tc of the Stoel. E"(changcs ,1z, ''"" bscmd,a com and ,n,,, nsc1nd1a com

CIN No.: L3Jl l!Mll l 94JFLCOOJ972 Mumb•i No,cmbtr 7, 2019

On bth111' or tht Doud or Dirtttors

N\\.\}.N)� t\1ray111 Krishnamoh1n

M11111in1 Dirnlor DIN : 0835-0849

BASF India Limited

Regd. Office: The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandrn-Kurla Complex, Bandra (East),

Mumbai-400 051, India, Tel: 022-62785600

Statement of Assets and Liabilities as al September 30, 2019

Particulars

ASSETS

I Non-current assets

Property plant and equipment Right-of-use assets Capital work-in-progress

Intangible assets Financial assets

(i) Loans Deferred tax assets (net) Income tax assets (net) Other non-current asset

2 Current assets Inventories

Financial assets

(i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balances other Utan cash and cash equivalents

(iv) Loans (v) Other financial assets

Other current assets

Assets classified as held for sale

Total assets

EQUITY AND LIABlLITIES Equity

Equity share capital Other equity

LIABILITIES I Non-current liabilities

Financial liabilities

(i) Borrowings (ii) Lease liabilities (iii) Other financial liabilities

Provisions

Other non current liabilities

2 Current liabilities

Financial liabilities (i) Borrowings (ii) Trade payables

(a) Outstanding dues to Micro Enterprises and Small Enterprises (b) Outstanding dues to creditors other than micro enterprises and small enterprises

(iii) Lease liabilities (iv) Other financial liabilities

Provisions

Other current liabilities

Total equity and liabilities

As at 30/09/2019

(Unaudited)

8,653.2

2,033.6 502.4

8.7

192.6

633.9 1,261.6

314.1

13 600.1

11,311.9

15,566.3

339.6

4.2

66.7 913.9

1,341.0 258.1

29 801.7

43 401.8

432.9

13,449.3

13 882.2

1,362.9

1,550.3

59.9

446.6 -

3 419.7

6,782.2

154.1

15,350.0

339.2

2,211.9

528.8 733.7

26 099.9

29 519.6

43 401.8

Note: Previous year figures have been regrouped and reclassified, wherever necessary to conform to current period classification.

(Rs. in million)

Asnl 31/03/2019

(Audited)

9,560.8

422.4 9.0

214.0

639.0

1,220.7 347.5

12 413.4

12,126.3

10,406.7

127.8

4.3

52.3

744.4 2,625.4

14.1

26 101.3

38 514.7

432.9

13,696.0

14 128.9

3,034.1

163.5 491.3

34.3

3 723.2

5,734.8

268.7

12,407.2

1,510.8

362.0

379.1

20 662.6

24.385.8

38 514.7

A

B

C

Nole:

BASF India Limited

Rcgd. Office : The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai -400 051, India, Tel: 022-62785600

Cash Flow Statement for six months ended September JO, 2019 (Rs. in million)

Year to date figures Year to date figures for the current period for the previous period

ended ended Seotem ber JO, 2019 September JO, 2018

(Unaudited) Cash now from operating activities

(Unaudited)

Profit before tax 143.6 469.6 Adjustments for:

Exceptional items 172.8 -

Depreciation and amortisation expense 911.0 742.2 Interest cost 848.0 1,243.9 Effects from fair valuation of derivatives on borrowings (net) (379.9) (778.3) Profit on sale of property plant and equipment (net) (41.1) (8.7) I ntcrest income (34.6) (10.4) Unrealised gain on derivative transactions (net) (125.2) (151.3) Unrealised loss on foreign exchange (net) 74.2 342.1 Provision for loss allowance on trade receivables (net) 49.6 40.8

Operating cash now before working capital changes 1,618.4 1,889.9

Adjustments for changes in working capital: (Increase) in trade receivables (5,158.8) (2,148.3) (Increase)/ Decrease in other financial assets (including loans) (121.2) 238.1 Decrease in other current and non current assets 1,216.3 195.4 Decrease in inventories 814.4 206.5 (Decrease) in other financial liabilities (249.5) (146.1) (Decrease) in long tem1 provisions (44.8) (9.5) Increase/ (Decrease) in trade payables 2,670.0 (551.6) Increase/ (Decrease) in other current and non current liabilities 320.2 (68.3) Increase in short-term provisions 42.5 8.6

Cash generated from/ (used in) operations 1,107.5 (385.3)

Income taxes paid (net) (40.8' (251.1' Net cash eenerated from/ (used in) ooeratine activities 1,066.7 (636.4)

Cash now from investing activities: Acquisition of property plant and equipment (net of capital creditors and including (333.2) (422.4) capital advances) Realisation on sale of property, plant and equipment and residential properties 49.4 15.5

Compensation towards Voluntary Retirement Scheme (63.1) -

Interest received 34.6 10.4 Net cash (used in) investine activities (312.3) (396.5)

Cash now from financing activities Inter Corporate deposits taken - 650.0 Inter Corporate deposits/ External commercial borrowings repaid {1,321.6) {1,109.1) Other short-term borrowings taken/ (repaid) (net) 2,067.3 2,918.8 Dividend paid (including dividend distribution tax) (261.0) (156.0) I ntcrest paid (787.8) (1,251.6) Payment of lease liabilities (239.5' -

Net cash (used in)/ generated from financine activities (542.6) 1,052.1

Net increase in cash and cash eauivalents 211.8 19.2

Opening cash and cash equivalents Balances with banks: - In current accounts 127.8 81.0

127.8 81.0

Closing cash and cash equivalents Balances with banks: - In current accounts 179.6 100.2 - Deposits with original maturity of less than three months 160.0 -

339.6 100.2

�;:hacteced, Th< ,bo� Cash Flow S"km<ao I� be<, P"PM<d """'' Oho "l,d;«o M<Ohod" "'°"' ;, l,dOM A=,,,;, po

�

'" �nv•->uo q Cash Flows. 7 t.>I"

( "'�""""'' ' ,� ,.. 01275 5000 c

* Mumbai *

)

BASF India Limited Segment - wise Rc,·enue, Resulls, Assets, Liabilities and Ca1>1tal Employed

3 months ended PrecedingJ months J0I09n0l9 ended 30/06/2019

CUnaudited) �lnaudited\

1. Segment Revenue (Refer Note 8) o. Agricultural Solution 3,937.5 3,489.7

b. Material, 4,139.3 4,082.3

e. Jnd1.1.1lrial Sol11lion11 3,196.7 2,155.9

d. Surface Technologies 1,999.2 2,016.8

e. Nutrition & Care 3,658.2 2,092.2

f. Chemicals 3,143.6 1,023.7

g. Othen 668.8 676.9

Total 20,743.3 16,137.5

Less: Inter - segment revenue

Total Income from ouerations (net) 20 743.J 16 137.5

2. Segment Results Profit/ (Lou) before tax and interest

a. AgricuJturaJ Solution 397.5 170.5

b. Materials (285.9) (27.6)

c. Industrial Solution11 125.0 116.3

d. Surface Technologies 21.3 147.6

e. Nutrition & Care 33.4 4.3

f. Chemicals 98.1 41.1

g. Others 61.1 49.7

Total 450.5 501.9

Leu: (i) F'mance costs (Refer Note 4) 226.4 241.7

(ii) Other un-allocable expenditure net off 83.3 84.6

un-aUocable otlter income Total Profit/ (Loss) before tax and exceptional ilems 140.8 175.6

Exceptional items (Refer Note 2) (109.7) (63.1)

Total Profit before tax JI.I 112.S

3. Segment A.nets a. Agricullural Solution 6,720.6 8,072.2

b. Materials 10,444.9 10,677.4

c. Industrial Solutions 6,680.4 6,553.3


c. Nutrition & Care 7,519.1 5,961.7

f. Chemicals 3,429.5 1,775.6

g. Others 1,254.3 1,049.3

h. Unallocated 2,239.2 2,438.6

Total SePment Assets 43 401.8 41 948.6

4. Segment Liabilities a. Agricultural Solution 3,790.9 3,737.5

b. Materials 5,938.8 5,232.3




f. Chemicals 2,642.7 1,199.0

g. Others 418.2 484.1

h. Unallocated 6,786.5 7,961.2

Total SePment Llabllltles 29 519.6 27 820.6

5. Capital E11111loyed ( Segment Assets • Segment Liabilities) a. Agricultural Solution 2,929.7 4,334.7

b. Materials 4,506.1 5,445.1




f. Chemicals 786.8 516.6

g.Otltert 836.1 565.2

h. Unallocated (4,547.3) (5,522.6)

Total 13 882.2 14 128.0

Corresponding 3 months ended

In the 11rel•lous year J0/09nOl8

(Unaudited)

3,367.3

4,450.5

2,912.8

1,949.4

2,012.0

395.6

1,668.1

16,755.7

16 755.7

395.9

(223.3)

150.5

(25.8)

(72.6)

46.6

143.3

414.6

222.6

73.2

118.8

118.8

5,290.5

10,169.0

6,013.1

5,384.9

6,220.4

710.2

4,610.3

1,551.0

39 949.4

2,890.1

6,561.6

4,009.8

1,740.5

3,642.2

321.6

1,816.0

5,344.8

26 326.6

2,400.4

3,607.4

2,003.3

3,644.4

2,578.2

388.6

2,794.3

(3,793.8)

13 622.8

Year to date Ogur<'s for current period ended 30/09/2019

(Unaudited)

7,427.2

8,221.6

5,952.6

4,016.0

5,150.4

4,167.3

1,345.7

36,880.8

-

36 880.8

568.0

(313.5)

241.J

168.9

37.7

139.2

110.8

952.4

468.1

167.9

316.4

(I 72.8)

143.6

6,720.6

I0,444.9

6,680.4

5,113.8

7,519.1

3,429.5

1,254.3

2,239.2

43401.8

3,790.9

5,938.8

3,733.5

2,030.7

4,178.3

2,642.7

418.2

6,786.5

29 519.6

2,929.7

4,506.1

2,946.9

3,083.1

3,340.8

786.8

836.1

(4,547.3)

13 882.2

(Ju. In million)

Year to date Ogures Year ended for previous period JI/OJnOl9

ended 30/09/2018

(Unaudited) I Audited)

6,828.0 9,333.2

8,637.5 16,462.3

5,775.3 11,478.8

4,019.9 8,113.8

3,893.2 7,580.8

852.7 1,450.0

3,020.2 5,837.8

33,026.8 60,256.7

JJ 026.8 60 256.7

891.9 661.6

(412.6) (860.4)

330.7 715.3

64.8 77.7

(142.9) (312.2)

I I0.7 153.3

260.5 182.8

1,103.1 618.1

465.6 851.1

167.9 309.0

469.6 (542.0)

1,260.6

469.6 718.6

5,290.5 6,633.7

10,169.0 9,976.1

6,013.1 6,435.8

5,384.9 5,331.4

6,220.4 6,051.6

710.2 658.1

4,610.3 1,436.2

1,551.0 1,991.8

39 949.4 38 514.7

2,890.1 1,838.1

6,561.6 6,072.2

4,009.8 3,952.9

1,740.5 2,294.3

3,642.2 3,345.4

321.6 298.0

1,816.0 845.4

5,344.8 5,739.5

26 326.6 24 385.8

2,400.4 4,795.6

3,607.4 3,903.9

2,003.3 2,482.9

3,644.4 3,037.1

2,578.2 2,706.2

388.6 360.1

2,794.3 590.8

(3,793.8) (3,747.7)

13 622.8 14 128.9

The Company has reorganised its segment stn1cturc with effect from January 1, 2019. The new segment structure will enable an even more differentiated steering of the business, taking into account marketspecific requirements and the competitive environment. It will further increase tl1e lrnnsparency oflhc segment results. Previous period segment figures arc regrouped in accordance with revised segment structure.

a. Agricultural Solution - The Agricultural Solutions segment consists of the Crop Protection division. Agricultural Solution is seasonal in nature b. Materials - The Materials segment comprises Perfomtance Materials divisions and the Monomers divisions c. Industrial Solutions - The Industrial Solutions segment consists of the Dispersions & Pigments divisions and Perfonnance Chemicals divisions d. Surface Technologies - The Surface Technologies segment comprises the Catalysts, Coatings and Construction Chemicals divisions e. Nutrition & Care - The Nutrition & Care segment consists of the Care Chemicals and Nutrition & Health divisions f. Chemicals - The Chemicals segment consists of the Petrochemicals and Intennediates divisions g. Others - Others includes activities that are not allocated to any of tJ1e continued operating divisions. These includes remaining activities after divestiture of lcatJ10r tile #\'!I.

wet-end and water chemicals business, teclmical and service charges otJ1er tl1an those specifically identifiable to above segments. Also includes transactions relating to lea business, paper wet-end and water chemicals business during the year of respective divestiture.

h. Un-allocated assets mainly include advance tax (net of provisions), cash and bank balances and other un-allocable assets.

Un-allocated liabilities mainly include short tem1 loan and other w1-allocable liabilities.

j. Previous period figures have been rcg.roupccV reclassified, wherever necessary to confom1 lo current period classification.

Price Waterhouse Chartered Accountants LLP

To The Board of Directors BASF India Limited The Capital, A \"ling, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, 13andra Kurla Complex, I3andra (East), Mumbai - 400051

1. We have reviewed the unaudited financial results of BASF India Limited (the "Company") forthe quarter ended September 30, 2019 which arc included in the accompanying 'Statement ofUnaudited Financial Results for the quarter and six months ended September 30, 2019', thestatement of assets and liabilities as on that date and the statement of cash nows for the halfyear ended on that date (the "Statement"). The Statement has been prepared by the Companypursuant to Regulation 33 of the SEl31 (Listing Obligations and Disclosure Requirements)Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled byus for identification purposes. The Statement is the responsibility of the Company'smanagement and has been approved by the Board of Directors. Our responsibility is to issue areport on the Statement based on our review.

2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,"Review of Interim Financial Information Performed by the Independent Auditor of the Entity"issued by the Institute of Chartered Accountants of India. This Standard requires that we planand perform the review lo obtain moderate assurance as to whether the Statement is free ofmaterial misstatement.

3. A review is limited primarily lo inqumcs of company personnel and analytical proceduresapplied to financial data and thus provides less assurance than an audit. We have notperformed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us tobelieve that the Statement has not been prepared in all material respects in accordance with theapplicable Accounting Standards prescribed under section 133 of the Companies Act, 2013 andother recognised practices and policies, and lrns not disclosed the information required lo be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. We draw allcntion to Note 7 to the financial results, which describes the status of certaindemand notices rccci\·ed by the Company from the Commercial Tax Department, Karnatakaand the management's assessment of the same, based on the legal advice obtained by theCompany. Our conclusion is not modified in respect of this matter.

For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Chartered Acco11ntants

> r'� --------Jcctendra Mirchandani Partner Membership Number: 048125 UDIN : 1904'is1.'15AAAADt�'1. --=H.)

Place: Mumbai Date: November 7, 2019

1·······································································································································································································································

Price Waterhouse Charte,·ed Accountants LLP, 252, Veer Sauarka,· Mal'g, Shiuaji Park, Dada,· (West) Mumbai - 400 028

T: +91 (22) 66691500, F: +91 (22) 66547804 / 07

Registered office and Head office: Sucheta Bhawan, 11A Vishnu Dlgambar Marg, New Delhi 110 002

Price Waterhouse (a Partnership Firm) converted Into Price Waterhouse Chartered Accountants LLP (a Llm1led Llablllly Partnership with LLP Identity no: LLPIN AAC-5001) with effect from July 25. 2014 Post its convers,on to Pnce Waterhouse Chartered Accountants LLP, 1Is ICAt registrahon number IS 012754N/N500016 (ICAI reg1slralion number before conversion was 012754N)

Cash Flow Statement for the year einded March 31, 2019 (continued)

C. Cash flow from financing activities

Inter Corporate deposits taken

Inter Corporate deposits/ External commercial borrowings repaid

Other short-term borrowings taken/ (repaid) (net)

Dividend paid (including dividend distribution tax)

Interest paid

Net cash (used in) financing activities

Net increase/ (decrease) in cash and cash equivalents

Opening cash and cash equivalents

Balances with banks:

- In current accounts

Closing cash and cash equivalents

Balances with banks:

- In current accounts(Refer Note 8 for cash and cash equivalents)

Notes:

For the year ended

March 31, 2019

3,100.0

(3,361.3)

1,150.5

(157.5)

(1,681.4)

(949.7)

46.8

As at

March 31, 2019

81.0

81.0

127.8

127.8

Rs. in million

For the year ended

March 31, 2018

(1,814.8)

(1,906.0)

(52.8)

(872.9)

(4,646.5)

(164.0)

As at

March 31, 2018

245.0

245.0

81.0

81.0

1. The above Cash Flow Statement has been prepared under th,e "Indirect Method" setout in Indian Accounting Standard - 7 on

Statement of Cash Flows.

2. Previous year figures have been regrouped/reclassified, wherever necessary to conform to current year classification.

The accompanying notes form an integral part of the financial statements.

In terms of our report of even date.

For Price Waterhouse Chartered Accountants LLP Firm Registration No: 012754N/ N500016 Chartered Accountants

Jeetendra Mirchandani Partner Membership No.: 048125

Place: Mumbai Date : April 30, 2019

For and on behalf of Board of Directors of

BASF India Limilted (GIN No.: L33112MH1943FLC003972)

Pradip P. Shah Chairman DIN : 00066242

Narendranath J. Baliga Chief Financial Officer DIN: 07005484

Narayan Krishnamohan Managing Director DIN : 08350849

Pradeep Chandan Company Secretary FCS No.: 2852

Place: Mumbai Date : April 30, 2019

R. A. Shah

Arun Bewoor

DIN: 00009851

DIN: 00024276

Shyamala Gopinath DIN: 02362921

Rajesh Naik DIN: 06935998

Directors

BASF India Limited I 71

d•basf · (2 months), 2014-15, by treating the stock transfers of its mangalore plant as...

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