Linde India Limited announced the outcome of its Board meeting held on February 9, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025. Additionally, the Board approved the appointment of Mr. Ajay Kumar Sah as the Interim Chief Financial Officer (CFO), effective February 16, 2026, succeeding Mr. Neeraj Kumar Jumrani.
Outcome of Board Meeting on February 9, 2026
The Board of Directors of Linde India Limited convened on Monday, February 9, 2026, to review and approve key financial and governance matters. The meeting commenced at 3:30 p.m. and concluded at 5:00 p.m.
Financial Performance Review
The Board formally approved the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025. A ‘Limited Review Report’ from the Statutory Auditors, Price Waterhouse & Co Chartered Accountants LLP, was also finalized and enclosed with the results. The company is proceeding to upload these results to its website and publish extracts in newspapers as mandated.
Key Financial Highlights (Standalone Results – 9M ended Dec 31, 2025)
The Standalone results show robust activity:
- Total Income: Rs. 19,776.37 Million for the nine months, up from Rs. 18,935.01 Million in the previous comparable period.
- Profit Before Tax: Reported at Rs. 6,116.11 Million for the nine months.
- Profit for the Year/Period: Stood at Rs. 4,656.78 Million for the nine months ended December 31, 2025.
- Earnings Per Share (EPS): Basic and Diluted EPS for the quarter was Rs. 22.46.
Segment Performance (Standalone)
The business operates primarily in two segments:
- Gases, related products & services: This segment generated Rs. 16,044.19 Million in revenue for the nine months.
- Project engineering: This segment contributed Rs. 7,572.96 Million in revenue for the nine months.
Total Segment Assets reached Rs. 57,552.82 Million as of December 31, 2025.
Executive Appointment
In governance matters, the Board approved the appointment of Mr. Ajay Kumar Sah as the Interim Chief Financial Officer (CFO) of the Company, effective from February 16, 2026. This follows the resignation of the current CFO, Mr. Neeraj Kumar Jumrani, who will step down after the close of business on February 15, 2026.
Mr. Ajay Kumar Sah is a seasoned finance professional with 25 years of geographical experience across Asia and Africa. He holds qualifications as a Chartered Financial Analyst and Company Secretary. His last role was Head of Finance for ASEAN & South Asia within the group.
Key Managerial Personnel (KMP) Update
In compliance with disclosure norms, the company provided updated contact information for its Key Managerial Personnel (KMPs), including:
- Mr. Milan Sadhukhan, Managing Director.
- Mr. Amit Dhanuka, Company Secretary.
- Mr. Ajay Kumar Sah, Interim Chief Financial Officer (effective Feb 16, 2026).
Auditor’s Review and Regulatory Matters
The Statutory Auditors issued a Limited Review Report for the standalone results. The report noted ongoing regulatory matters, including directions from regulators regarding the materiality assessment of related party transactions (RPTs) and the valuation of business foregone related to joint ventures with Praxair India Private Limited (PIPL).
The Auditors stated that while legal proceedings are ongoing concerning the business allocation agreement with PIPL and its valuation, the impact on the standalone financial results is presently not ascertainable, and their conclusion remains unmodified regarding these specific matters.
A footnote also clarifies that expenses for the quarter ended September 30, 2025, and nine months ended December 31, 2025, were net off by Rs 900 million due to the reversal of related liabilities following reassessment of certain contractual arrangements.
Source: BSE
