Linde India has released the minutes from its 90th Annual General Meeting, held on August 13, 2026. The document outlines the company’s financial performance for the fiscal year ended March 31, 2026, highlighting a 2% revenue growth to ₹25,306 million and a 17% EBITDA growth. Key strategic priorities, including strengthening its Gases business and expanding into high-growth sectors, were also discussed.
Linde India Holds 90th Annual General Meeting
The minutes of Linde India’s 90th Annual General Meeting (AGM), conducted via Video Conference on Thursday, 13 August 2026, have been made available. The meeting covered crucial aspects of the company’s performance, strategic direction, and governance.
Financial Performance for FY 2025-26
During the AGM, the Chairman reported that the company’s revenue from operations for the financial year ended 31 March 2026 stood at ₹25,306 million, marking a 2% increase compared to the previous year. EBITDA showed a significant growth of 17%, reaching ₹9,764 million, driven by higher volumes and operational efficiencies. Profit after tax saw a substantial rise of 23% to ₹5,509 million.
Key Business Segments and Strategy
The Gases business, central to Linde India’s strategy, recorded a 4% growth, supported by strong demand in industrial and healthcare sectors. While the Project Engineering Division faced timing impacts, it remains strategically important with a healthy pipeline of opportunities. The company plans to continue strengthening its core Gases business through investments in supply chain, customer engagement, and expansion into high-growth sectors.
Sustainability and Future Outlook
Linde India emphasized its commitment to sustainability and energy transition initiatives, with progress made in sourcing renewable energy. The company views industrial gases as pivotal in enabling low-carbon technologies and efficient resource utilization. India’s economic outlook, supported by manufacturing and urbanization, presents compelling growth opportunities in sectors like semiconductors, electric mobility, and advanced materials.
Strategic Priorities for Growth
The company’s strategic priorities include reinforcing its leadership in the Gases business, expanding across key industrial clusters, enhancing supply chain resilience, and leveraging opportunities in emerging sectors. Linde India expressed confidence that its strong balance sheet and customer relationships will enable it to capture long-term growth opportunities.
Dividend Declaration and Director Re-appointment
The Members approved the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended 31 March 2026. An ordinary resolution was passed for the declaration of a dividend of 120% (₹12 per equity share), including a special dividend of 80% (₹8 per equity share). Additionally, Mr. Michael James Devine was re-appointed as a Director.
Cost Auditors Remuneration Ratified
The remuneration of M/s. Mani & Co., Cost Auditors, for the financial year ending 31 March 2027 was also ratified by the Members.
Source: BSE
