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27 announcements match the current filters (relevance ≥ 5).
₹103 Cr Q1 PAT for Linde India; Vikash Dokania Appointed CFO Amid RPT Legal Dispute
Linde India reported a standalone revenue of ₹694.36 Cr for Q1 FY27, marking a 21.6% YoY increase from ₹571.08 Cr. Standalone PAT stood at ₹103.03 Cr, a slight decline from ₹105.07 Cr in the year-ago period, primarily due to higher power and fuel costs which rose to ₹129.72 Cr. The company appointed Vikash Dokania as CFO effective September 15, 2026. However, auditors highlighted significant legal uncertainty regarding Related Party Transactions (RPT) with Praxair India, which shareholders rejected in March 2026 and is currently under Supreme Court review.
Confidence: HIGH
What changedLinde India has transitioned from an interim to a permanent CFO and reported its Q1 FY27 financial performance while continuing to navigate a complex legal battle with SEBI over related-party disclosures.
Why it mattersWhile operational growth remains healthy in the industrial gases segment, the ongoing legal dispute and shareholder rejection of RPTs pose a risk to corporate governance and operational flexibility with its global parent's other Indian entities.
Revenue (Q1 FY27): ₹694.36 CrPAT (Q1 FY27): ₹103.03 CrYoY Revenue Growth: 21.6%Power & Fuel Cost (Q1 FY27): ₹129.72 CrCFO Appointment Date: 15 September 2026
📅 Short termThe stock may see volatility as the market weighs strong top-line growth against the auditor's 'except for' remarks regarding the indeterminate impact of the RPT dispute.
📈 Long termThe long-term outlook depends on the resolution of the Praxair integration and the company's ability to maintain margins despite cyclicality in the steel sector, which accounts for 66% of gas revenue.
⚠ Risk flags
- Legal/Regulatory dispute with SEBI
- Shareholder rejection of Related Party Transactions
- High dependency on the cyclical steel industry
- Indeterminate financial impact of the Supreme Court appeal
Key Highlights
Standalone revenue from operations grew 21.6% YoY to ₹694.36 Cr in the quarter ended June 30, 2026.
Gases segment revenue contributed ₹544.42 Cr, while Project Engineering contributed ₹224.56 Cr before inter-segment eliminations.
Shareholders rejected Related Party Transaction proposals at the EGM held on March 5, 2026, creating regulatory uncertainty.
New CFO Vikash Dokania, a 42-year-old CA from Coca-Cola India, will take charge on September 15, 2026.
The company is contesting a SEBI-mandated valuation report dated March 16, 2026, regarding 'business foregone' in the Supreme Court.
👀 What to Watch
Investors should monitor the Supreme Court's final outcome regarding the Praxair India RPT dispute and the company's strategy to obtain shareholder approval for essential related-party contracts.
Linde India Q1 Net Profit at ₹104.6 Cr; Vikash Dokania Appointed as New CFO
Linde India reported a consolidated net profit of ₹104.59 Cr for the quarter ended June 2026, marking a 35% sequential recovery from ₹77.45 Cr in the March 2026 quarter. Revenue from operations grew 13% QoQ to ₹694.36 Cr, supported by steady performance in the Gases segment (₹544.4 Cr) and Project Engineering (₹224.6 Cr). The company also finalized its leadership transition by appointing Vikash Dokania, formerly with Coca-Cola India, as CFO effective September 15, 2026. While sequential growth is strong, net profit remains slightly below the ₹107.19 Cr reported in the year-ago June 2025 quarter.
Confidence: HIGH
What changedLinde India has appointed a permanent CFO to replace the interim head and reported a strong sequential rebound in quarterly financial performance.
Why it mattersStability in the finance function is critical for a company trading at a high P/E of 108x. The sequential earnings growth demonstrates resilience in core industrial gas demand despite broader market volatility.
Q1 Consolidated Revenue: ₹694.36 CrQ1 Consolidated Net Profit: ₹104.59 CrQoQ Revenue Growth: 13.02%Gases Segment Revenue: ₹544.42 CrCFO Appointment Date: 15 September 2026
📅 Short termThe stock may see positive sentiment due to the significant sequential improvement in EPS from ₹9.08 to ₹12.26 and the resolution of the CFO vacancy.
📈 Long termThe new CFO's background in M&A and strategy aligns with Linde's long-term goals of de-captivating onsite units and expanding into niche specialty gases for electronics.
⚠ Risk flags
- High dependency on the steel sector (66% of gas revenue)
- High valuation multiples (P/E 108.3)
- Cyclicality of the Project Engineering segment
Key Highlights
Consolidated Revenue for Q1 FY27 reached ₹694.36 Cr, a 13% increase over the previous quarter's ₹614.33 Cr.
Net Profit (Consolidated) recovered to ₹104.59 Cr from ₹77.45 Cr in the preceding quarter.
Gases segment revenue contributed ₹544.42 Cr, while Project Engineering contributed ₹224.56 Cr before inter-segment eliminations.
New CFO Vikash Dokania (42) brings experience in M&A and strategy from Coca-Cola India, starting September 15, 2026.
Total Consolidated Assets grew to ₹6,451.5 Cr as of June 30, 2026, compared to ₹5,808.3 Cr in March 2026.
👀 What to Watch
Monitor the transition to the new CFO and the execution of high-margin contracts in the semiconductor and solar sectors as outlined in the company's growth strategy. Investors should also track the Project Engineering segment's order book, which provides revenue diversification beyond the cyclical steel industry.
Linde India Q1 FY27: Revenue Grows 21.6% YoY to ₹694.4 Cr; New CFO Appointed
Linde India reported a strong 21.6% YoY growth in consolidated revenue for Q1 FY27, reaching ₹694.4 cr. However, consolidated net profit saw a marginal decline of 2.4% YoY to ₹104.6 cr, compared to ₹107.2 cr in the same period last year. The Gases segment remains the primary driver, contributing ₹544.4 cr to the top line. Additionally, the board has appointed Mr. Vikash Dokania, a seasoned professional from Coca-Cola India, as the permanent CFO effective September 15, 2026.
Confidence: HIGH
What changedLinde India reported its Q1 FY27 financial results and transitioned from an interim CFO to a permanent appointment with the hiring of Mr. Vikash Dokania.
Why it mattersThe results show robust top-line growth but highlight margin pressure as PAT declined despite higher revenue. The CFO appointment brings leadership stability to a company trading at a high P/E multiple of 108.
Revenue (Q1 FY27): ₹694.36 crRevenue vs TTM Revenue: 27.44%Consolidated PAT: ₹104.59 crGases Segment Revenue: ₹544.42 crProject Engineering Revenue: ₹224.56 crConsolidated EPS: ₹12.26
📅 Short termThe stock may see neutral to slightly cautious movement as the market weighs strong revenue growth against the slight YoY dip in profitability.
📈 Long termThe company's focus on high-margin contracts and expansion into semiconductors and healthcare remains key, though its heavy reliance on the cyclical steel sector (66% of gas revenue) persists.
⚠ Risk flags
- High client concentration in the steel industry
- Margin contraction despite revenue growth
- High valuation with a P/E exceeding 100
Key Highlights
Consolidated Revenue from operations increased 21.6% YoY to ₹694.36 cr from ₹571.08 cr.
Consolidated Net Profit for the quarter stood at ₹104.59 cr vs ₹107.19 cr in the year-ago period.
Gases, related products & services segment revenue grew to ₹544.42 cr from ₹499.69 cr YoY.
Project Engineering segment revenue contributed ₹224.56 cr to the quarterly performance.
Mr. Vikash Dokania appointed as CFO effective 15 September 2026, succeeding the interim CFO.
👀 What to Watch
Monitor the margin performance in the Gases segment as revenue growth did not translate into profit growth this quarter. Watch for the new CFO's strategy regarding capital allocation and the execution of the Project Engineering order book.
120% Dividend (Rs 12/share) Proposed in Linde India's 90th AGM Notice
Linde India has convened its 90th Annual General Meeting (AGM) for August 13, 2026. The Board has recommended a total dividend of Rs 12 per equity share (120% of face value) for FY26, which includes a significant special dividend of Rs 8 per share. This payout follows a TTM PAT of Rs 549 Cr and reflects the company's strong balance sheet with a Debt/Equity ratio of 0.02. Other agenda items include the re-appointment of Director Michael James Devine and the ratification of cost auditor fees.
Confidence: HIGH
What changedThe company has formally issued the notice for its 90th AGM and confirmed the specific dividend payout details, including a special dividend component.
Why it mattersThe special dividend indicates a surplus cash position and a commitment to shareholder returns, supported by a healthy OPM of 35.9% and low debt levels.
Total Dividend: Rs 12 per shareSpecial Dividend: Rs 8 per shareDividend Yield (at current price): 0.17%Cost Auditor Remuneration: Rs 2,30,000TTM PAT: Rs 549 Cr
📅 Short termThe stock may see mild positive sentiment leading up to the book closure date due to the special dividend announcement.
📈 Long termThe company's focus on high-margin long-term contracts and expansion into niche specialty gases for electronics remains the primary structural driver.
⚠ Risk flags
- High client concentration with 66% of gas revenue tied to the cyclical steel industry.
Key Highlights
Proposed total dividend of 120% amounting to Rs 12 per equity share of Rs 10 face value.
Includes a special dividend component of 80% (Rs 8 per share) for the year ended March 31, 2026.
90th AGM scheduled for August 13, 2026, to be conducted via Video Conference.
Share transfer books to remain closed from August 7, 2026, to August 13, 2026, for dividend eligibility.
Ratification of Rs 2,30,000 remuneration for Cost Auditors M/s. Mani & Co. for FY 2026-27.
👀 What to Watch
Investors should note the book closure dates (Aug 7-13) for dividend eligibility and monitor the AGM for management updates on high-growth segments like Semiconductors and Solar.
Rs 69.91 Cr Investment: Linde India Completes 26.77% Stake in Zenataris Renewable Energy
Linde India has completed the final tranche of its planned Rs 105 Cr investment in Zenataris Renewable Energy Private Limited, an SPV of Fourth Partner Energy. On July 13, 2026, the company invested Rs 69.91 Cr to acquire 82,93,001 equity shares at a premium of Rs 74.30 per share. This transaction brings Linde India's total post-allotment shareholding in the SPV to 26.77%. The investment is strategically aimed at securing renewable power under a captive mechanism for its operations in Karnataka.
Confidence: HIGH
What changedLinde India has finalized its equity investment in a renewable energy SPV, moving from a planned commitment to a 26.77% ownership stake.
Why it mattersSecuring renewable power through a captive model helps mitigate energy cost volatility and reduces the carbon footprint of energy-intensive industrial gas production.
Tranche Investment Value: Rs 69,90,99,984.30Total Planned Investment: Rs 105 CrPost-allotment Stake: 26.77%Investment vs TTM Revenue: ~2.76%Investment vs Net Worth: ~1.65%
📅 Short termNeutral to slightly positive as the market recognizes the completion of a planned capital allocation toward sustainable energy.
📈 Long termPositive structural move to secure long-term power supply and manage operational costs in a power-intensive industry.
⚠ Risk flags
- Execution risk of the renewable energy project by the SPV
- Regulatory changes in open access power transmission policies
Key Highlights
Final tranche investment of Rs 69.91 Cr completed on July 13, 2026
Total planned investment in the renewable SPV reaches Rs 105 Cr
Acquired 82,93,001 equity shares at a premium of Rs 74.30 per share
Post-allotment shareholding in Zenataris Renewable Energy stands at 26.77%
Investment represents approximately 2.76% of TTM Revenue (Rs 2,530 Cr)
👀 What to Watch
Investors should monitor the impact of captive renewable power on the company's operating margins (OPM currently at 35.9%) and progress toward ESG-driven decarbonization goals.
Linde India Declares Rs 12 Dividend per Share; Sets August 6 as Record Date
Linde India has announced a total dividend of Rs 12 per equity share (120% of face value) for the financial year ended March 31, 2026. This payout includes a regular dividend and a significant special dividend of Rs 8 per share. The company has fixed August 6, 2026, as the record date to determine shareholder eligibility for the payment. To ensure correct Tax Deduction at Source (TDS), shareholders are required to update their PAN and submit relevant tax documents by July 27, 2026.
Key Highlights
Total dividend declared is Rs 12 per share, including a special dividend of Rs 8 per share (80%).
The record date for determining eligibility for the dividend payment is Thursday, August 6, 2026.
TDS will be deducted at 10% for resident shareholders with a valid PAN and 20% for those without a valid PAN.
The deadline for submitting tax-related documents to the Registrar (KFin Technologies) is July 27, 2026.
Dividend will be paid only through electronic mode to shareholders who have updated their bank and KYC details.
👀 What to Watch
Investors should ensure their PAN and bank account details are updated with their Depository Participant or RTA by August 6 to receive the dividend. Those eligible for tax exemptions or lower TDS rates must submit the required forms on the KFintech portal by July 27.
Linde India Recommends 120% Dividend (Rs 12/Share) as FY26 Profit Rises to Rs 5,509 Million
Linde India has recommended a total dividend of Rs. 12 per share (120%) for FY26, which includes a significant special dividend of Rs. 8 per share. The company reported a standalone Profit After Tax (PAT) of Rs. 5,508.74 million for the full year ended March 31, 2026, marking a 23% growth over the previous year's PAT of Rs. 4,478.13 million. While revenue remained relatively flat at Rs. 25,306.40 million, the bottom line was bolstered by improved margins and operational efficiencies. Investors should note that the statutory auditors have issued a modified opinion on the financial results, requiring a review of the management's impact statement.
Key Highlights
Recommended a total dividend of 120% (Rs. 12 per equity share), inclusive of a special dividend of 80% (Rs. 8 per share).
Standalone Profit After Tax (PAT) for FY26 increased to Rs. 5,508.74 million from Rs. 4,478.13 million in FY25.
Annual Revenue from operations stood at Rs. 25,306.40 million, showing steady performance compared to Rs. 24,853.76 million in the previous year.
Basic and Diluted Earnings Per Share (EPS) improved significantly to Rs. 64.59 from Rs. 52.51 year-on-year.
Statutory auditors Price Waterhouse & Co. issued a modified opinion on the financial results, which management has addressed in a separate impact statement.
👀 What to Watch
Investors should benefit from the high dividend payout and strong profit growth; however, it is critical to examine the specific reasons for the auditor's modified opinion before making further long-term commitments.
Linde India FY26 Net Profit Rises 23% to ₹5,509M; Total Dividend of ₹12 Per Share Declared
Linde India Limited reported a strong financial performance for the year ended 31 March 2026, with net profit growing 23% year-on-year to ₹5,508.74 million. While revenue from operations saw a modest increase to ₹25,306.40 million, operational efficiencies led to a significant jump in Earnings Per Share (EPS) from ₹52.51 to ₹64.59. Shareholders are set to receive a total dividend of ₹12 per share, which includes a special dividend of ₹8. Notably, the statutory auditors have issued a modified opinion on the results, which requires investor attention regarding management's explanations.
Key Highlights
Net Profit for FY26 increased by 23% to ₹5,508.74 million from ₹4,478.13 million in FY25.
Revenue from operations grew slightly to ₹25,306.40 million compared to ₹24,853.76 million in the previous year.
Recommended a total dividend of 120% (₹12 per share), including a special dividend of 80% (₹8 per share).
Earnings Per Share (EPS) rose to ₹64.59 from ₹52.51 in the prior financial year.
Statutory auditors Price Waterhouse & Co. issued a modified opinion on both standalone and consolidated financial results.
👀 What to Watch
Investors should cheer the strong profit growth and high dividend payout, but must carefully review the 'Statement on Impact of Audit Qualifications' to understand the auditor's concerns. The stock remains a watch for long-term industrial gas demand, though the audit modification adds a layer of governance risk.
Linde India FY26 PAT Rises 23% to ₹5,509 Mn; Total Dividend of ₹12/Share Declared
Linde India reported a strong 23% year-on-year growth in standalone net profit to ₹5,508.74 million for the financial year ended March 31, 2026. While revenue from operations remained stable at ₹25,306.40 million, Profit Before Tax (PBT) grew by nearly 20% to ₹7,270.10 million. The company has rewarded shareholders with a total dividend of ₹12 per share (120%), which includes a special dividend of ₹8 per share. A key point of caution is that the statutory auditors have issued a modified opinion on the financial results, requiring investor scrutiny of the audit qualifications.
Key Highlights
Standalone Net Profit for FY26 increased to ₹5,508.74 million from ₹4,478.13 million in FY25.
Recommended a total dividend of ₹12 per equity share, including a special dividend of ₹8 (80%) and a regular dividend of ₹4 (40%).
Earnings Per Share (EPS) improved significantly to ₹64.59 compared to ₹52.51 in the previous fiscal year.
The Gases segment remains the primary driver with revenue of ₹21,231.84 million, while Project Engineering contributed ₹9,806.14 million.
Statutory Auditors Price Waterhouse & Co. issued a modified opinion on the financial results for the year ended 31 March 2026.
👀 What to Watch
Investors should focus on the strong profit growth and high dividend yield, but must carefully review the management's explanation regarding the auditor's modified opinion to assess any underlying risks.
Linde India FY26 Net Profit Up 23% to ₹5,509 Mn; Total Dividend of ₹12 per Share
Linde India reported a robust 23% year-on-year growth in standalone net profit to ₹5,508.74 million for the fiscal year ended March 31, 2026. While revenue from operations saw a marginal increase of 1.8% to ₹25,306.40 million, the company significantly improved its bottom line and EPS, which rose to ₹64.59. A total dividend of ₹12 per share (120%) was recommended, including a substantial special dividend of ₹8 per share. Investors should note that the statutory auditors have issued a modified opinion on the financial results, which requires careful review of the management's impact statement.
Key Highlights
Standalone Net Profit for FY26 increased by 23% to ₹5,508.74 million from ₹4,478.13 million in FY25.
Recommended a total dividend of ₹12 per share (120%), which includes a special dividend of ₹8 per share (80%).
Revenue from operations for the full year stood at ₹25,306.40 million compared to ₹24,853.76 million in the previous year.
Earnings Per Share (EPS) for the year grew to ₹64.59 from ₹52.51 in FY25.
Statutory auditors Price Waterhouse & Co. issued a report with a modified opinion on the financial results.
👀 What to Watch
Investors should view the strong profit growth and high dividend payout positively, but must examine the specific reasons for the auditor's modified opinion to assess any potential reporting risks.
Linde India Starts Commercial Production at 1,450 TPD Air Separation Unit in Kalinganagar
Linde India has officially commenced commercial operations at its new Air Separation Unit (ASU) located at Jindal Stainless Ltd. (JSL) in Kalinganagar. The facility is contracted to supply 1,450 tonnes per day (TPD) of Oxygen, 1,800 TPD of Nitrogen, and 64 TPD of Argon to JSL. Additionally, the unit features surplus capacity designed to serve the merchant market, which could provide a secondary revenue stream. This project, initiated in August 2022, strengthens Linde's industrial gas footprint and ensures long-term revenue visibility through its partnership with JSL.
Key Highlights
Commencement of commercial production at the Kalinganagar facility effective May 27, 2026
Dedicated supply of 1,450 TPD Oxygen, 1,800 TPD Nitrogen, and 64 TPD Argon to Jindal Stainless Ltd
Additional production capacity available to cater to the regional merchant market demand
Successful execution of the project following the initial announcement in August 2022
Strengthens long-term industrial gas supply contracts in the Eastern India region
👀 What to Watch
Investors should maintain a positive outlook as this facility ensures steady cash flows from a major client while providing merchant market upside. Monitor the company's upcoming quarterly results for the initial revenue contribution from this unit.
Linde India Stake in Zenataris Renewable Energy Diluted to 19.18% from 27%
Linde India Limited has reported a significant change in its investment in Zenataris Renewable Energy Private Limited. Following a fresh allotment of equity shares by Zenataris to other existing and new shareholders, Linde India's stake has been diluted from 27% to 19.18%. This update follows the company's initial investments and share allotments documented in February and September 2024. The reduction in percentage ownership is a result of capital expansion at the investee company level rather than a sale of shares by Linde India.
Key Highlights
Linde India's shareholding in Zenataris Renewable Energy reduced from 27% to 19.18%.
The stake dilution is caused by Zenataris allotting new equity shares to other parties.
The investment was previously governed by agreements dated 28 February 2024 and 12 September 2024.
Linde India remains a significant minority shareholder in the renewable energy firm despite the dilution.
👀 What to Watch
Investors should view this as a routine dilution event common in growth-stage private investments. Monitor if this change affects Linde India's strategic access to renewable energy power purchase agreements.
Linde India Shareholders Approve Rs 4,177 Million Related Party Transactions with Praxair India
Linde India held an EGM to seek shareholder approval for Related Party Transactions (RPTs) with Praxair India totaling Rs 4,177 million for FY 2025-26. This regulatory step follows a SEBI mandate on materiality thresholds, which the company is currently contesting in the Supreme Court. Management emphasized that these RPTs are high-margin (over 30%) and critical for maintaining supply reliability in regions where capacity utilization exceeds 100%. The company has successfully reduced its RPT revenue dependency from 27.90% in 2021 to 15.76% in March 2025.
Key Highlights
Approved an aggregate limit of Rs 4,177 million for RPTs with Praxair India for the financial year 2025-26.
RPT transactions with Praxair India yield margins exceeding 30%, higher than the company's overall FY25 operating margin of 24.9%.
RPT exposure as a percentage of total revenue has declined significantly from 27.90% in 2021 to 15.76% in 2025.
Company is pursuing an appeal in the Supreme Court against a SEBI order regarding the interpretation of RPT materiality.
Current capacity utilization exceeds 100% in certain regions, making local sourcing from Group plants economically essential.
👀 What to Watch
Investors should monitor the final Supreme Court ruling on the SEBI litigation as it will define future RPT compliance requirements. The high margins on these transactions and the reduction in overall RPT dependency are positive indicators of operational efficiency.
Linde India EGM Approves Rs 4,177 Million Related Party Transaction with Praxair India
Linde India Limited held an Extraordinary General Meeting (EGM) on March 5, 2026, to seek shareholder approval for material related party transactions. The primary resolution involved transactions with Praxair India Private Limited, a fellow subsidiary of the Linde Plc Group, for the financial year 2025-26. The total value of these transactions is estimated at Rs 4,177 million. The meeting was attended by 45 members, including a representative for the 75% majority shareholder, The BOC Group Ltd.
Key Highlights
Approval of material related party transactions totaling Rs 4,177 million for FY 2025-26.
Transactions involve Praxair India Private Limited, a wholly owned subsidiary of the Linde Plc Group.
The BOC Group Ltd. (U.K.) represented its 75% shareholding of 63,963,167 equity shares at the meeting.
The resolution was proposed as an Ordinary Resolution to comply with SEBI Listing Regulations.
The EGM was conducted via Video Conferencing in accordance with MCA and SEBI circulars.
👀 What to Watch
Investors should note that while these transactions are significant in value, they are standard for a subsidiary operating within a global group structure. Monitor future financial statements to ensure these transactions are conducted at arm's length and do not adversely affect minority interest margins.
Linde India Seeks Approval for ₹4,177 Million Related Party Transaction with Praxair India
Linde India Limited held an Extraordinary General Meeting (EGM) on March 5, 2026, to obtain shareholder approval for material related party transactions. The resolution concerns transactions with Praxair India Private Limited, a fellow subsidiary of the Linde Plc Group, for the financial year 2025-26. The aggregate value of these proposed transactions is estimated at ₹4,177 million. This approval is a regulatory requirement under SEBI and the Companies Act for transactions exceeding materiality thresholds.
Key Highlights
EGM conducted on March 5, 2026, to approve material related party transactions (RPTs).
Proposed RPTs with Praxair India Private Limited total an aggregate of ₹4,177 million for FY 2025-26.
The BOC Group Ltd., U.K., holds a 75% stake in the company representing 63,963,167 equity shares.
The resolution was proposed as an Ordinary Resolution to comply with SEBI Listing Regulations.
Final voting results will be declared following the Scrutinizer's report on the e-voting process.
👀 What to Watch
Investors should monitor the final voting outcome to ensure governance standards are met regarding large-scale transactions with group companies. The ₹417.7 crore transaction value indicates significant operational integration between Linde India and Praxair India.
Linde India Shareholders Approve Milan Sadhukhan as MD with 95.85% Majority
Linde India Limited has announced the successful passage of a special resolution to appoint Mr. Milan Sadhukhan as Director and Managing Director for a three-year term starting January 1, 2026. The resolution, conducted via postal ballot, received 95.85% approval from the total votes polled. While the promoter group was unanimous in support, approximately 42.24% of public institutional votes were cast against the appointment. The high overall turnout of 84.08% ensures the leadership transition is legally finalized.
Key Highlights
Appointment of Milan Sadhukhan as MD approved for a 3-year term starting January 2026.
Overall resolution passed with 68,734,366 votes in favor (95.85%) and 2,976,004 against.
Public institutional investors showed significant dissent with 42.24% of their polled votes against the resolution.
Total voting turnout stood at 84.08% of the total 85.28 million shares held by 68,621 shareholders.
👀 What to Watch
Investors should maintain current positions as leadership stability is confirmed, but may want to investigate the specific reasons for the high institutional dissent regarding this appointment.
Linde India to Seek Approval for ₹4,177 Million Related Party Transaction at March 5 EGM
Linde India Limited has convened an Extraordinary General Meeting (EGM) on March 5, 2026, to seek shareholder approval for material related party transactions. The company proposes to enter into transactions with Praxair India Private Limited for an aggregate value of ₹4,177 million during FY 2025-26. This amount exceeds the regulatory threshold of 10% of the annual consolidated turnover, which stands at ₹2,485 million based on FY 2024-25 figures. Shareholders as of the cut-off date of February 26, 2026, will be eligible to vote on this ordinary resolution.
Key Highlights
Extraordinary General Meeting (EGM) scheduled for March 5, 2026, via video conferencing.
Proposed related party transaction with Praxair India Private Limited valued at ₹4,177 million.
Transaction exceeds the 10% consolidated turnover threshold of ₹2,485 million for FY 2024-25.
Cut-off date for electronic voting eligibility is set for February 26, 2026.
The resolution is being proposed as an Ordinary Resolution as per SEBI LODR regulations.
👀 What to Watch
Investors should monitor the terms of the related party transaction to ensure it is conducted at arm's length and does not disadvantage minority shareholders. Participation in the e-voting process is recommended to voice opinions on large-scale group company dealings.
Linde India Q3 PAT Surges 66% YoY to ₹1,933 Million; Appoints New Interim CFO
Linde India reported a strong financial performance for the quarter ended December 31, 2025, with consolidated revenue growing 15.7% YoY to ₹7,010.34 million. Net profit saw a significant jump of 66% YoY, reaching ₹1,933.25 million, supported by robust growth in both the Gases and Project Engineering segments. The company also announced a leadership change, appointing Mr. Ajay Kumar Sah as the Interim CFO following the resignation of Mr. Neeraj Kumar Jumrani. Profitability margins improved significantly as Profit Before Tax rose from ₹1,569.89 million to ₹2,448.35 million YoY.
Key Highlights
Consolidated Revenue from operations increased 15.7% YoY to ₹7,010.34 million
Net Profit (PAT) for the quarter surged 66.2% YoY to ₹1,933.25 million
Earnings Per Share (EPS) rose to ₹22.67 from ₹13.64 in the same quarter last year
Project Engineering segment revenue grew to ₹2,782.42 million compared to ₹2,629.62 million YoY
Mr. Ajay Kumar Sah appointed as Interim CFO effective February 16, 2026
👀 What to Watch
The strong double-digit growth in both top-line and bottom-line reflects high operational efficiency and robust demand in the industrial gases sector. Investors should maintain a positive outlook while monitoring the leadership transition and the execution of the Project Engineering order book.
Linde India Q3 PAT Surges 66% YoY to ₹1,933M; Appoints Ajay Kumar Sah as Interim CFO
Linde India reported a strong performance for Q3 FY26, with consolidated revenue growing 15.7% YoY to ₹7,010.34 million. Net profit saw a significant jump of 66.2% YoY, reaching ₹1,933.25 million, driven by robust margins and a notable increase in other income. The company also announced a management transition, appointing Mr. Ajay Kumar Sah as Interim CFO following the resignation of Mr. Neeraj Kumar Jumrani. Standalone PBT increased by 57.2% YoY, reflecting improved operational efficiency across its Gases and Project Engineering segments.
Key Highlights
Consolidated Net Profit rose 66.2% YoY to ₹1,933.25 million in Q3 FY26.
Revenue from operations increased 15.7% YoY to ₹7,010.34 million from ₹6,058.57 million.
Standalone PBT grew 57.2% YoY to ₹2,431.00 million, aided by other income of ₹534.61 million.
Project Engineering segment revenue grew to ₹2,782.42 million compared to ₹2,629.62 million in the previous year's quarter.
Mr. Ajay Kumar Sah, with 25 years of experience within Linde Plc, appointed as Interim CFO effective February 16, 2026.
👀 What to Watch
Investors should take note of the strong bottom-line growth and margin expansion, though the sustainability of high 'Other Income' should be monitored. The appointment of a long-term group veteran as Interim CFO suggests management stability during the transition.
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.
