Linde India EGM: Resolution on Related Party Transactions Fails to Pass
Linde India Limited held an EGM on March 5, 2026, to vote on a material related party transaction for FY2025-26. The resolution failed to pass, with 89.24% of votes cast against it. The promoter abstained from voting.
The failure of a material related party transaction resolution at an EGM can impact future business dealings and investor confidence, suggesting a medium-term impact.
The key resolution concerning a material related party transaction did not receive approval from the shareholders, indicating a negative outcome for the company's proposed transaction.
Linde India Limited held its Extra-ordinary General Meeting (EGM) through Video Conference (VC) on Thursday, 5th March 2026, at 11:30 AM IST. The meeting was conducted in compliance with the Companies Act, 2013, and SEBI regulations, including recent circulars permitting virtual meetings.
The primary business of the EGM was to consider and approve a material related party transaction proposed for the financial year 2025-26, as outlined in the EGM Notice dated 5th February 2026. Shareholders were provided with the facility of remote e-voting and electronic voting during the EGM.
The Scrutinizer's Report, dated 5th March 2026, issued by M/s P Sarawagi & Associates, Company Secretaries, revealed that the resolution concerning the related party transaction was not passed by the members. Out of the total votes cast, 10.76% were in favour, while 89.24% were against the resolution. The promoter, The BOC Group Limited, abstained from voting on this resolution.
The company has submitted the voting results and the Scrutinizer's Report to the stock exchanges for dissemination to shareholders and investors.
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Linde India Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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