Linde India Ltd

- Q3 & 9M FY26 unaudited financials approved - Interim CFO appointed from Feb 16, 2026 - SEBI investigation ongoing on related party transactions - Valuation report on business allocation awaited

📈 Financial Results Approval:

• Board approved Q3 and nine months ended Dec 31, 2025 unaudited results.
• Q3 Revenue: ₹7,010.34 million; Profit Before Tax: ₹2,431 million; Profit After Tax: ₹1,915.90 million.
• Limited review by statutory auditors confirms results.

🧑‍💼 Change in Chief Financial Officer:

• Mr. Ajay Kumar Sah appointed interim CFO effective Feb 16, 2026.
• Mr. Sah brings 25 years experience across Asia & Africa in finance.

⚖️ SEBI Investigation on Related Party Transactions:

• Investigation due to shareholder objections over transactions with Praxair India Pvt Ltd and related entities.
• Concerns on business allocation affecting company growth and requiring regulatory approvals.
• NSE appointed valuer to assess business valuation; report awaited.
• Legal appeals made; Supreme Court admitted appeal but no stay on SEBI directions.

📊 Business Segment Overview:

• Two main segments: gases (₹5,443 million revenue) and project engineering (₹2,782 million revenue) in Q3 2025.

📝 Investor Takeaways:

• Financial update and leadership change reflect normal operations.
• Regulatory matters under SEBI review signal ongoing compliance aspects to monitor.
• Valuation report outcomes and approvals might influence future disclosures.