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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
28 announcements match the current filters (relevance ≥ 5).
Linde India Q3 PAT Jumps 68% YoY to ₹1,916 Mn; Appoints Ajay Kumar Sah as Interim CFO
Linde India reported a robust performance for the quarter ended December 31, 2025, with standalone revenue growing 15.7% YoY to ₹7,010.34 million. Net profit surged by 68% YoY to ₹1,915.90 million, supported by strong operational performance and a significant increase in other income. The company also announced a leadership transition, appointing Mr. Ajay Kumar Sah as Interim CFO effective February 16, 2026, following the resignation of Mr. Neeraj Kumar Jumrani. Segment performance remained healthy, particularly in Project Engineering which saw improved results compared to the previous quarter.
Key Highlights
Standalone Net Profit increased 68% YoY to ₹1,915.90 million from ₹1,139.88 million.
Revenue from operations grew to ₹7,010.34 million, a 15.7% increase over the previous year's ₹6,058.57 million.
Earnings Per Share (EPS) for the quarter rose to ₹22.46 from ₹13.37 in the year-ago period.
Project Engineering segment profit before interest and tax more than doubled sequentially to ₹549.76 million.
New Interim CFO Ajay Kumar Sah brings 25 years of experience within the Linde Plc Group across Asia and Africa.
👀 What to Watch
The strong earnings growth and margin expansion reflect solid operational health; investors should maintain a positive outlook while monitoring the permanent CFO appointment.
Linde India Q3 FY26 Consolidated PAT Jumps 66% YoY to ₹1,933 Million; New Interim CFO Appointed
Linde India reported a robust performance for the quarter ended December 31, 2025, with consolidated revenue from operations growing 15.7% YoY to ₹7,010.34 million. The company's consolidated Net Profit surged by 66.2% YoY to ₹1,933.25 million, driven by strong operational efficiencies and segment performance. The Project Engineering segment showed significant growth, contributing ₹2,782.42 million to the top line. Additionally, the board has appointed Mr. Ajay Kumar Sah as the Interim CFO following the resignation of Mr. Neeraj Kumar Jumrani.
Key Highlights
Consolidated Revenue from operations rose 15.7% YoY to ₹7,010.34 million from ₹6,058.57 million.
Consolidated Profit After Tax (PAT) increased significantly by 66.2% YoY to ₹1,933.25 million.
Standalone Earnings Per Share (EPS) for the quarter stood at ₹22.46, up from ₹13.37 in Q3 FY25.
Project Engineering segment revenue grew to ₹2,782.42 million compared to ₹2,629.62 million in the previous year.
Mr. Ajay Kumar Sah appointed as Interim CFO effective February 16, 2026, bringing 25 years of experience within the Linde Group.
👀 What to Watch
The strong double-digit growth in both revenue and profitability makes Linde India a positive watch for long-term investors. The transition in the CFO role appears well-managed with an internal group veteran, minimizing leadership risk.
Linde India Seeks Shareholder Approval to Appoint Milan Sadhukhan as MD for 3-Year Term
Linde India Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Milan Sadhukhan as the Managing Director. The proposed appointment is for a three-year term effective from January 1, 2026, to December 31, 2028. Shareholders as of the cut-off date of January 2, 2026, are eligible to participate in the remote e-voting process. The voting results are expected to be announced on or before February 15, 2026.
Key Highlights
Appointment of Milan Sadhukhan as Managing Director for a 3-year term starting January 1, 2026
Remote e-voting period scheduled from January 15, 2026, to February 13, 2026
Cut-off date for determining shareholder voting eligibility is January 2, 2026
The resolution is proposed as a Special Resolution requiring a 75% majority
Final results of the postal ballot to be declared by February 15, 2026
👀 What to Watch
Investors should monitor the transition in leadership and review the appointee's professional background to assess potential impacts on the company's long-term strategy. No immediate portfolio action is required beyond participating in the e-voting process.
Linde India Appoints Milan Sadhukhan as Managing Director for 3-Year Term Effective Jan 2026
Linde India has announced a leadership transition where Mr. Abhijit Banerjee will resign as Managing Director on December 31, 2025, to take on a new role within the Linde plc group. He will be succeeded by Mr. Milan Sadhukhan, who has been appointed as the Managing Director for a three-year term starting January 1, 2026. Mr. Sadhukhan is a qualified Chartered Accountant with over 25 years of experience and currently serves as the Head of Finance for ASEAN & South Asia. This internal movement within the parent group suggests a planned succession and continuity in corporate strategy.
Key Highlights
Mr. Abhijit Banerjee resigns as Managing Director effective close of business on December 31, 2025.
Mr. Milan Sadhukhan appointed as Managing Director for a 3-year term starting January 1, 2026.
The new MD, Milan Sadhukhan, brings 25+ years of experience in finance, product management, and supply-chain across Asia and the UK.
Shareholder approval for the appointment will be sought via postal ballot with a cut-off date of January 2, 2026.
👀 What to Watch
Investors should view this as a routine internal leadership rotation within the Linde group and monitor for any shifts in strategic execution under the new MD. No immediate portfolio changes are recommended as the transition appears well-planned.
Linde India Appoints Milan Sadhukhan as MD; Abhijit Banerjee Resigns to Join Parent Group
Linde India has announced a leadership transition where Mr. Abhijit Banerjee will resign as Managing Director effective December 31, 2025, to assume a new role within the global Linde plc group. To succeed him, the Board has appointed Mr. Milan Sadhukhan as the Managing Director for a three-year term starting January 1, 2026. Mr. Sadhukhan, currently the Head of Finance for ASEAN & South Asia, brings over 25 years of experience in finance, product management, and supply chain across international markets. This internal movement within the parent group suggests a planned succession strategy and continuity in corporate governance.
Key Highlights
Mr. Abhijit Banerjee resigns as MD effective close of business on December 31, 2025, to join Linde plc group.
Mr. Milan Sadhukhan appointed as Additional Director and MD for a 3-year term starting January 1, 2026.
Incoming MD Milan Sadhukhan has over 25 years of experience and is a qualified CA and CMA.
The appointment is subject to shareholder approval via a Postal Ballot with a cut-off date of January 2, 2026.
The Board confirmed there are no other material reasons for Mr. Banerjee's resignation other than his new group role.
👀 What to Watch
Investors should treat this as a routine leadership succession within the multinational group. No immediate action is required, but monitor if the new MD's finance-heavy background leads to any shifts in capital allocation or operational strategy.
SAT Dismisses Linde India Appeal; Upholds SEBI Order on Related Party Transactions
The Securities Appellate Tribunal (SAT) has dismissed Linde India's appeal against a SEBI order dated July 24, 2024, regarding Related Party Transactions (RPTs) with Praxair India. The ruling upholds SEBI's stance that the company must aggregate all transactions with a related party to test the 10% materiality threshold for shareholder approval. Additionally, the NSE will proceed with appointing a valuer to quantify the business value foregone by Linde India under its Joint Venture and geographical allocation agreements. This decision marks a significant regulatory setback for the company regarding corporate governance and minority shareholder rights.
Key Highlights
SAT dismissed Appeal No. 527 of 2024, upholding SEBI's directions against Linde India Limited.
Linde India must now aggregate all transactions with a related party in a financial year to determine materiality under Regulation 23(1).
NSE is directed to appoint a registered valuer to assess the value of business foregone and received under the JV agreement dated March 24, 2020.
The dispute involves alleged failure to obtain shareholder approval for material RPTs with Praxair India Private Limited.
The company is currently analyzing the potential financial and operational impact of this final tribunal order.
👀 What to Watch
Investors should monitor the upcoming valuation report from the NSE-appointed valuer, as it may reveal value leakage to the parent entity. The stock may face short-term pressure due to increased regulatory scrutiny and the requirement for stricter shareholder oversight on future business allocations.
Linde India Clarifies CFO Resignation Unrelated to SAT Appeal Dismissal
Linde India has issued a formal clarification under Regulation 30(11) to debunk media reports linking the resignation of its CFO to a recent legal setback. CFO Neeraj Kumar Jumrani resigned on December 4, 2025, one day before the Securities Appellate Tribunal (SAT) verbally dismissed the company's appeal against a SEBI order. The company maintains that the resignation and the legal outcome are independent events, as the resignation was submitted prior to the tribunal's decision. Investors should distinguish between the management change and the ongoing regulatory matter involving the SEBI order dated July 24, 2024.
Key Highlights
CFO Neeraj Kumar Jumrani submitted his resignation on December 4, 2025.
SAT verbally dismissed Appeal No. 527 of 2024 against a SEBI order on December 5, 2025.
Company officially informed stock exchanges of the resignation within 24 hours on December 5, 2025.
The written order from the Securities Appellate Tribunal regarding the dismissal is currently awaited.
👀 What to Watch
Investors should monitor the upcoming written SAT order to understand the potential impact of the dismissed appeal on company operations. The CFO's departure should be tracked to ensure a smooth transition in financial leadership.
Linde India CFO Neeraj Kumar Jumrani Resigns, Effective Feb 15, 2026
Linde India Limited announced the resignation of Mr. Neeraj Kumar Jumrani as Chief Financial Officer. The resignation is effective from the close of business hours on February 15, 2026. Mr. Jumrani is resigning to pursue other career opportunities. He will also cease to be the Key Managerial Personnel for determining materiality of events and making disclosures to stock exchanges from the same date.
Key Highlights
Mr. Neeraj Kumar Jumrani resigned as Chief Financial Officer.
Resignation is effective from close of business hours on February 15, 2026.
Mr. Jumrani will cease to be the Key Managerial Personnel from February 15, 2026.
The resignation was tendered to pursue other career options.
👀 What to Watch
Investors should monitor the appointment of a new CFO and assess any potential impact on the company's financial strategy. This is a routine management change, so no immediate action is required.