BASF INDIA LTD. - Stay On Recovery Of Demand Notice Received From The Commercial Tax Department, Karnataka Pertaining To The Tax Period 2016-2017

We wish to inform you that the Hon'ble Karnataka Appellate Tribunal vide its order dated 12th October 2021 (received by us on 13th October 2021) has granted stay on recovery of tax demand aggregating to Rs. 40.65 crores pertaining to the tax period 2016-2017. The details are provided in the attached letter.