BESTAGRO

** Shares of Best Agrolife BESA.NS fall the exchange-allowed maximum of 20% to 331.7 rupees

** Agrochemicals maker's Q3 loss widens to 240 million rupees ($2.77 million) from 70 million rupees a year ago, hurt by cyclonic conditions in key south Indian states dampening demand for its products; rev down 13%

** Stock set for third-straight session of losses, if trend sustains

** More than 363,000 shares traded in their busiest session in four months, over 10 times its 30-day avg

** Stock lost 46% in 2024

($1 = 86.7390 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Dec 17 (Reuters) - Best Agrolife Ltd BESA.NS:

• GRANTED PATENT BY AFRICAN AUTHORITY FOR PESTICIDAL COMPOSITION

Source text: ID:nBSE8NjCDW

Further company coverage: BESA.NS

(([email protected];;))

** Shares of agro-chemical firm Best Agrolife Ltd BESA.NS rise 4.48% to 633 rupees ($7.46)

** Indian patent office assigns co a patent for invention of a pesticidal composition for 20 years

** Stock set to gain after two consecutive sessions of losses

** Shares down 44.83% YTD

($1 = 84.8210 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Dec 10 (Reuters) - Best Agrolife Ltd BESA.NS:

• ENTERED MOU WITH SHANGHAI E-TONG CHEMICAL CO

• MOU FOR COLLABORATION IN RESEARCH AND DEVELOPMENT OF AGROCHEMICALS

Source text: ID:nBSE8t3hTD

Further company coverage: BESA.NS

(([email protected];;))

Nov 29 (Reuters) - Best Agrolife Ltd BESA.NS:

• UNIT HAS BEEN GRANTED PATENT BY INDIAN PATENT OFFICE

Source text: ID:nBSE1mtph4

Further company coverage: BESA.NS

(([email protected];;))

Sept 4 (Reuters) - Best Agrolife Ltd BESA.NS:

• BEST AGROLIFE - GOT PATENT FOR SYNERGISTIC PESTICIDAL COMPOSITION

Further company coverage: BESA.NS

(([email protected];))

Sept 3 (Reuters) - Best Agrolife Ltd BESA.NS:

• BEST AGROLIFE - UNIT GETS PATENT FOR 20 YEARS

Source text for Eikon: ID:nBSE3Rls0j

Further company coverage: BESA.NS

(([email protected];;))

Aug 6 (Reuters) - Best Agrolife Ltd BESA.NS:

• UNIT GOT PATENT BY INDIAN PATENT OFFICE FOR SYNERGISTIC FUNGICIDAL COMPOSITION

Further company coverage: BESA.NS

(([email protected];))

June 24 (Reuters) - Best Agrolife Ltd BESA.NS:

• UNIT GRANTED LICENCE FOR INDIGENOUS MANUFACTURE OF HALOXYFOP R METHYL ESTER

• UNIT GRANTED LICENCE BY CENTRAL INSECTICIDES BOARD & REGISTRATION COMMITTEE

Source text for Eikon: ID:nBSE6rZXxv

Further company coverage: BESA.NS

(([email protected];))

May 3 (Reuters) - Best Agrolife Ltd BESA.NS:

• UNIT HAS BEEN gRANTED TWO LICENCES BY CENTRAL LNSECTICIDES BOARD & REGISTRATION COMMITTEE

Further company coverage: BESA.NS

(([email protected];))

Feb 21 (Reuters) - Best Agrolife Ltd BESA.BO:

• UNIT GOT A PATENT FOR SYNERGISTIC FUNGICIDAL COMPOSITION COMPRISING STROBILURIN AND TRIAZOLE FUNGICIDES WITH SULPHUR

• PATENT FOR 20 YEARS COMMENCING FROM OCT 4, 2021

Further company coverage: BESA.BO

(([email protected];))

Feb 6 (Reuters) -

• GOT PATENT FOR "IMPROVED HERBICIDAL COMPOSITION EXHIBITING CROP SAFETY & SELECTIVITY AND YIELD ENHANCEMENT"

• GOT PATENT FOR TERM OF 20 YEARS

Source text for Eikon: ID:nBSEM6KnR

Further company coverage: [ ]

(([email protected];))

Feb 5 (Reuters) - Best Agrolife Ltd BESA.BO:

• BEST AGROLIFE DEC-QUARTER CONSOL LOSS 66.1 MILLION RUPEES VERSUS PROFIT 306.2 MILLION RUPEES

• BEST AGROLIFE DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.15 BILLION RUPEES VERSUS 3.28 BILLION RUPEES

Source text for Eikon: ID:nBSE33PSx1

Further company coverage: BESA.BO

(([email protected];;))

** Indian fertilizer and agro-chemicals companies will likely face challenges for two more quarters on destocking by customers, Kotak Institutional Equities analysts said

** Add volume growth will remain under pressure until (and including) Q1 calendar year 2024 on a yoy basis due to destocking

** Outlook for the winter-sown crop season is somewhat challenging in India, especially in the south, due to lower water levels - brokerage

** Says recovery after Q1 CY2024 is seen only as modest, and the recent softness in corn prices is a worry in terms of end-demand for CY2024

** Ten out of 20 companies in Kotak's coverage universe, including Best Agrolife BESA.NS, Bharat Rasayan BRSN.NS, Coromandel CORF.NS, India Pesticides IDIP.NS, Meghmani Organics MEGH.NS, Sumitomo SUMH.NS and UPL UPLL.NS posted fall in core earnings and revenue in Q2 vs year ago

** Two cos, Astec LifeSciences ASTE.NS and Sharda Cropchem SHCR.NS, reported losses from yr ago profit

(Reporting by Nallur Sethuraman in Bengaluru)

(([email protected]; (+91 8061822737); Reuters Messaging: [email protected]))

Nov 3 (Reuters) - Best Agrolife Ltd BESA.NS:

• INVESTED IN KASHMIR CHEMICALS AND ADMITTED AS PARTNER OF FIRM WITH 99% OWNERSHIP

• COST OF ACQUISITION AT 100 MILLION RUPEES

Source text for Eikon: ID:nBSEbxRsQ8

Further company coverage: BESA.NS

(([email protected];))

Oct 30 (Reuters) - Best Agrolife Ltd BESA.NS:

• UNIT GRANTED PATENT BY INDIAN PATENT OFFICE

• UNIT GETS PATENT FOR SYNERGISITIC GRANULAR HERBICIDAL COMPOSITION FOR PADDY, FOR TERM OF 20 YEARS

Further company coverage: BESA.NS

(([email protected];))

Oct 3 (Reuters) - Best Agrolife Ltd BESA.NS:

• BEST AGROLIFE LTD - SEARCH OPERATION U/S 132 WAS CONDUCTED BY INCOME-TAX DEPARTMENT AT CO'S CORPORATE OFFICE AND FACTORIES

• BEST AGROLIFE LTD - SEARCH OPERATION BY INCOME-TAX DEPARTMENT CONCLUDED ON SEPT 30

• BEST AGROLIFE LTD - CO OPERATIONS HAVE FULLY STARTED WITHOUT ANY ADVERSE IMPACT

Source text for Eikon: ID:nBSE6Qh6zy

Further company coverage: BESA.NS

(([email protected];))

Sept 6 (Reuters) - Best Agrolife Ltd BESA.NS:

• UNIT GRANTED PATENT BY INDIAN PATENT OFFICE-GOV OF INDIA FOR AN INVENTION

Source text for Eikon: ID:nBSE9fzGmL

Further company coverage: BESA.NS

(([email protected];))

July 31 (Reuters) - Best Agrolife Ltd BESA.NS:

• INDIA'S BEST AGROLIFE LTD JUNE-QUARTER CONSOL PROFIT 905 MILLION RUPEES VERSUS PROFIT 401.3 MILLION RUPEES

• BEST AGROLIFE LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.12 BILLION RUPEES VERSUS 4.64 BILLION RUPEES

Source text for Eikon: ID:nBSE1NwpKc

Further company coverage: BESA.NS

(([email protected];))

** Shares of agrochemical maker Best Agrolife Ltd BESA.NS up as much as 6.1% to 1,096.95 rupees, their highest since May 23

** Co says it received registrations for indigenous manufacturing a product, which is a combination of Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc from Central Insecticides Board & Registration Committee (CIBRC)

** With this, BESA will become the first Indian company to manufacture this combination in the country under brand name Tricolor, set to launch in July

** Stock on track to rise for second straight session, if gains hold

** Over 119,000 shares change hands by 12:09 p.m. IST, 1.1x the 30-day moving avg

** Stock down ~32% YTD

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of Best Agrolife Ltd BESA.NS fall as much as 12.76% to 915.35 rupees, mark sharpest intraday pct loss since Feb 24, 2022

** Stock hits lowest level since Aug 29, 2022

** Co on Monday reported a Q4 consolidated loss of 84.1 mln rupees ($1.02 mln) vs profit of 381.6 mln rupees yr ago

** The agrochemical co's revenue fell 17.9% YoY

** Managing Director Vimal Alawadhi said Q4FY23 was difficult for the industry due to high channel inventory, excess supply from China at lower prices

** Adds BESA's products were more focused on kharif season; they will now be introducing more rabi season focused products to expand portfolio

** Share price below 50-day, 100-day and 200-day simple moving averages, suggesting bearish trend

** More than 231,000 shares change hands, 4.9x 30-day avg of 47,265 shares

** Including session's loss, stock down 37.4% YTD

($1 = 82.6684 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

May 29 (Reuters) - Best Agrolife Ltd BESA.NS:

• RECOMMENDED FINAL DIVIDEND OF 3 RUPEES PER SHARE

Source text for Eikon: ID:nBSE8RZwfv

Further company coverage: BESA.NS

(([email protected];))