Linde India Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on March 05, 2026
LINDEINDIA · price
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Awaiting price reaction for this filing.
Linde India held an Extraordinary General Meeting (EGM) on March 5, 2026, via video conference, chaired by Mr Michael James Devine. The sole item of special business was an Ordinary Resolution seeking shareholder approval for material related party transactions with Praxair India Private Limited (a fellow subsidiary of Linde plc) amounting to Rs 4,177 million (~Rs 417.7 crore) for FY 2025-26. The promoter, The BOC Group Ltd. (UK), representing 75% stake (63,963,167 equity shares), participated in the meeting. A total of 45 members attended the EGM, which concluded at 1:03 PM. E-voting was conducted via NSDL for 30 minutes post-meeting, and the voting results are awaited as the scrutinizer (Mr P K Sarawagi) prepares his report.
This is a routine regulatory compliance filing for related party transaction approval within the Linde group. Since the promoter (Linde plc group) holds 75%, passage of the resolution is highly likely. The Rs 417.7 crore transaction size is significant but represents normal inter-company business. No material stock price impact is expected; investors should watch for the voting result announcement.