Managing Director Abhijit Banerjee resigns, Milan Sadhukhan to take over from Jan 1, 2026

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

LINDEINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹5950.00

prior close

₹5923.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.5% vs market

Industrial Gases peers, median of 5sector+0.6%-0.6% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 0.6 pts less than its Industrial Gases peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+0.1-0.4+0.5+0.6-0.6

Next day

-0.7-0.6-0.1+3.4-4.1

+0.0+0.4-0.4+1.1-1.1

-1.0+0.8-1.8+3.7-4.7

+0.3+1.7-1.5+3.4-3.2

-0.7+1.6-2.4+0.1-0.9

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15d

+0.2-3.9+4.1-11.3+11.5

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+12.4-3.2+15.7-35.1+47.5

+17.6-12.4+30.1-43.7+61.3

UpDownMarket · Nifty Midcap 150Sector · Industrial Gases peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Linde India's Managing Director Abhijit Banerjee resigned effective close of business on December 31, 2025, to take on broader responsibilities within the Linde plc parent group. The board accepted his resignation and appointed Milan Sadhukhan as the new Managing Director for three years starting January 1, 2026. Sadhukhan is currently Head of Finance for ASEAN and South Asia at Linde and has over 25 years of finance experience. His appointment is subject to shareholder approval via postal ballot, with cut-off date January 2, 2026.

Likely market impact

Orderly leadership transition within the Linde group with an internal appointee. No governance concerns flagged; continuity expected.