Linde India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2025
LINDEINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Linde India held its 89th AGM on August 14, 2025 via video conference, chaired by Mr Michael James Devine, with Managing Director Mr Abhijit Banerjee presenting financial results. Six resolutions were passed, including adoption of audited financial statements, declaration of a Rs 12 per share dividend (Rs 4.50 regular + Rs 7.50 special) on 85.28 million shares, and re-appointment of Mr Banerjee as MD for three more years (till June 6, 2028). For FY25, net revenue fell 10.2% year-on-year to Rs 24,854 million, mainly due to a 42% drop in the Project Engineering Division, though the Gases division grew 2%. EBITDA rose 6.9% to Rs 8,329 million with margins improving sharply from 28.1% to 33.5%, while profit after tax dipped 5% to Rs 4,263 million. The company generated Rs 7,700 million in operating cash, most of which was deployed into growth capex, bringing cash and equivalents down 85% to Rs 1,454 million.
Shareholders benefit from a generous Rs 12 per share dividend, including a Rs 7.50 special dividend reflecting strong cash returns, while the sharp drop in cash balance signals heavy reinvestment into growth projects that could support future revenue. Improving EBITDA margins despite a revenue dip point to operational strength, though the PED revenue decline and slight PAT fall are minor concerns.