Linde India Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Milan Sadhukhan as Director and Managing Director. The special resolution, seeking approval for a three-year term effective 1st January 2026, received strong support from the company's investor base.

Voting Results and Participation

The postal ballot process concluded on 13th February 2026, with comprehensive participation across shareholder categories. The voting results demonstrated clear approval for the proposed appointment:

The e-voting facility, provided through NSDL's electronic platform, remained accessible from 9:00 a.m. on 15th January 2026 until 5:00 p.m. on 13th February 2026. All shareholders holding shares as of the cut-off date were entitled to participate in the voting process.

Category-wise Voting Pattern

The voting pattern revealed strong support across different shareholder categories, with notable participation from institutional and retail investors:

Regulatory Compliance and Process

The postal ballot process adhered to all regulatory requirements under the Companies Act, 2013 and SEBI regulations. CS P.K. Sarawagi of M/s. P. Sarawagi & Associates served as the appointed scrutinizer, ensuring fair and transparent conduct of the voting process.

Key compliance aspects included:

• Publication of requisite advertisements in "Business Standard" (English) and "Aajkaal" (Bengali) on 13th January 2026
• Distribution of postal ballot notice dated 29th December 2025 via email on 9th January 2026
• Availability of voting information on company and stock exchange websites
• Proper authentication and scrutiny of votes based on shareholding records

Leadership Transition Details

The approved resolution enables Milan Sadhukhan (DIN: 03082335) to assume the role of Director and Managing Director for a three-year term commencing 1st January 2026. The appointment represents a significant leadership development for the industrial gases company.

The scrutinizer's report, dated 13th February 2026, confirmed that all procedural requirements were met and the resolution passed with the requisite majority. Company Secretary Amit Dhanuka coordinated the entire postal ballot process, ensuring compliance with applicable regulations and timely communication with stock exchanges and depositories.

Linde India Limited delivered robust financial performance in Q3FY26, reporting significant growth across key metrics while announcing leadership changes in its finance function. The Board of Directors approved these quarterly results at their meeting held on 9th February 2026.

Strong Financial Performance in Q3FY26

The company's standalone financial results for the third quarter ended 31st December 2025 demonstrated exceptional growth momentum. Net profit surged 68.10% year-on-year to ₹1,915.90 million compared to ₹1,139.88 million in the corresponding quarter of the previous year.

Nine-Month Performance Shows Sustained Growth

For the nine months ended 31st December 2025, Linde India maintained its strong performance trajectory. Standalone profit increased 41.20% to ₹4,656.78 million from ₹3,299.11 million in the corresponding period of FY25. Revenue from operations reached ₹19,163.07 million compared to ₹18,935.01 million, representing a modest 1.20% increase.

Segment-wise Business Performance

The company operates through two primary business segments, both contributing to the overall growth:

The gases segment generated segment results of ₹1,653.73 million in Q3FY26 compared to ₹1,275.17 million in Q3FY25, while project engineering contributed ₹549.76 million versus ₹362.30 million in the previous year.

Leadership Transition in Finance Function

The Board of Directors approved the appointment of Mr. Ajay Kumar Sah as Interim Chief Financial Officer effective 16th February 2026. This follows the resignation of Mr. Neeraj Kumar Jumrani, who will step down as CFO at the close of business on 15th February 2026.

Mr. Sah brings extensive experience within the Linde Group, having first joined Linde India in 2006. His career spans diverse finance roles across multiple geographies including India, Singapore, Malaysia, Indonesia, and South Africa.

Consolidated Results Reflect Joint Venture Contributions

The consolidated financial results showed similar positive trends, with net profit reaching ₹1,933.25 million in Q3FY26 compared to ₹1,163.20 million in Q3FY25. The consolidated results include contributions from joint ventures Linde South Asia Services Private Limited and Bellary Oxygen Company Private Limited, with share of profit from joint ventures contributing ₹507.55 million in the quarter.

Regulatory Compliance and Publication

Linde India has fulfilled its regulatory obligations by publishing the extract of consolidated financial results in newspapers as required under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published the financial results extract in Business Standard (English) and Aajkal (Bengali) on 11th February 2026, ensuring compliance with disclosure requirements for both NSE and BSE listed companies.