MD change at Linde India - Abhijit Banerjee exits, Milan Sadhukhan appointed

Ceo 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

Stock

-0.1

10m

-0.1

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

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

+0.4+1.9-1.4-0.6+1.0

15d

+0.2-3.9+4.1-11.3+11.5

-1.9-3.2+1.3-13.0+11.1

+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

Mr Abhijit Banerjee resigned as Managing Director effective Dec 31, 2025 to take on broader responsibilities within parent Linde Plc group. Mr Milan Sadhukhan (50), currently Head of Finance ASEAN and South Asia within the Linde group, a Chartered Accountant and Cost and Management Accountant with 25+ years experience, appointed as MD for 3 years from Jan 1, 2026. Appointment subject to shareholder approval via postal ballot.

Likely market impact

Smooth MD transition within Linde group. Banerjee moves to expanded role at parent. Sadhukhan is an internal group appointee with strong finance background.