Net profit of BASF India rose 55.09% to Rs 65.99 crore in the quarter ended March 2018 as against Rs 42.55 crore during the previous quarter ended March 2017. Sales rose 5.02% to Rs 1334.51 crore in the quarter ended March 2018 as against Rs 1270.75 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 246.50 crore in the year ended March 2018 as against net loss of Rs 14.13 crore during the previous year ended March 2017. Sales rose 9.49% to Rs 5539.71 crore in the year ended March 2018 as against Rs 5059.38 crore during the previous year ended March 2017.

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BASF India announced that the 74th Annual General Meeting (AGM) of the company will be held on 10 August 2018.

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BASF India announced that the Board of Directors of the Company at its meeting held on 4 May 2018, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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BASF India announced that its parent company, BASF SE, Germany has signed an agreement to acquire the following additional businesses and assets from Bayer, which it has offered to divest in the context of its planned acquisition of Monsanto.

i) Bayer's entire vegetable seeds business, operating under the global trademark Nunhems®;

ii) Seed treatment products sold under Poncho®, VOTiVO®, COPeO® and ILeVO® brands;

iii) Research & Development platform for hybrid wheat; and

iv) Complete state-of-the-art digital farming platform xarvio™.

The all-cash purchase price for the additional businesses and assets that BASF SE has agreed to acquire is EUR 1.7 billion, subject to certain adjustments at closing. For the full year 2017, sales of these businessesamounted to around EUR 745 million.

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