Linde seeks shareholder approval for ₹417 cr RPTs with Praxair India | Markets News
This development comes amid a ruling by the Securities Appellate Tribunal (SAT) in December 2025, in which Sebi ordered Linde India and its Praxair India | Photo: X@
Linde India has scheduled an extraordinary general meeting (EGM) on March 5 to seek shareholders’ approval for the proposed material related party transactions (RPTs) with Praxair India for FY 2025-26. Corporate governance experts said the move signals compliance with RPT norms set by market regulator Securities and Exchange Board of India (Sebi).
This development follows the Securities Appellate Tribunal (SAT) decision in December 2025, which upheld Sebi’s interpretation of the materiality threshold for RPTs in the case involving Linde India and its joint venture with Praxair India.
The multinational company challenged Sebi’s findings, arguing that the regulator had misapplied the definition of RPT. However, the court rejected the claims, stating that materiality thresholds were clearly stated in the regulations.
As per Sebi norms, prior shareholder approval is required for transactions exceeding Rs 1,000 crore or 10 per cent of an entity’s annual consolidated turnover, whichever is lower.
In its March EGM, Linde India is seeking approval for RPTs worth ₹417.7 crore with Praxair India for FY 2025-26.
“This shows that the company has accepted the market regulator’s interpretation of RPTs under the Listing Obligations and Disclosure Requirements (LODR), which is positive from a corporate governance perspective,” said a regulatory expert.
First Publication Date: February 11, 2026 | 19:59 IST
