Linde India Shareholders Reject ₹4,177 Million Related Party Transaction Proposal at EGM
Published on: April 3, 2026, 2:54 p.m. | Source: scanx.trade
Linde India Limited's extraordinary general meeting on March 5, 2026, saw shareholders overwhelmingly reject a proposal for ₹4,177 million worth of related party transactions with Praxair India Private Limited for FY 2025-26. Despite management's justification citing operational necessity and arm's length pricing, 89.24% of votes were cast against the resolution. The proposal arose from ongoing SEBI litigation regarding materiality thresholds for related party transactions, with the company seeking approval as a precautionary measure to continue critical supply obligations.
