Linde India Ltd.
Penalties and directions recorded
- By consent, list the matters on 17 May 2024.
SAT-appeal
- SAT matter SATV-070B6FB3CEF77E3EEBD5451DBy consent, the matter was posted for further hearing on 7 July 2025 at 2:30 p.m.Appeal: Appeal No. 527 of 2024 was pending; by consent, further hearing was listed on 7 July 2025.
- The appeal concerns SEBI directions relating to valuation of business allocated among group entities for determining materiality and approval requirements for related-party transactions. Linde India alleged that information sought for valuation could constitute UPSI and risk disclosure or leakage.Miscellaneous application dismissed. · SEBI directed to issue an order or clarification binding NSE and the NSE-appointed valuer to UPSI confidentiality norms.Appeal: Appeal No. 527 of 2024 admitted on 21 August 2024; respondent granted four weeks to file reply and appellant two weeks thereafter for rejoinder. Main appeal was listed for 15 October 2024; no disposal stated.
- SAT matter SATV-16BBFDFBB9B1FE33299FA4D7Further arguments scheduled for 25 June 2025 and 27 June 2025 at 2:30 p.m.Appeal: Appeal No. 527 of 2024 was pending; by consent, further arguments were adjourned to 25 June 2025 and 27 June 2025.
- SAT matter SATV-3731B0B0F0DEF6AE4F0B53DABy consent, list the matters on 17 May 2024.Appeal: Appeal No. 329 of 2024 was pending; by consent, it was listed on 17 May 2024.
- SAT matter SATV-395787D3ADB56A46D09909A4Hearing was heard in part. · Matter listed for further hearing on 27 June 2025 at 2:30 p.m.Appeal: Appeal No. 527 of 2024 was heard in part on 25 June 2025 and listed for further hearing on 27 June 2025.
- SAT matter SATV-AEACCB54DF1A25995BE8E3B3Adjournment granted on appellant's request by consent; matter directed to be called on November 25, 2024Appeal: Appeal No. 527 of 2024 with Misc. Application No. 911 of 2024 and Misc. Application No. 941 of 2024 pending before SAT; adjourned to November 25, 2024 vide order dated 15.10.2024
- SAT matter SATV-BC17C1BC357DD99E28ABD885List for admission on May 16, 2024Appeal: Appeal Lodging No. 282 of 2024 with Misc. Application No. 631 of 2024 pending; listed for admission on May 16, 2024
- SAT matter SATV-D1C1AA02F9892EC8031CC857List on June 11, 2025 for further argument at 2:30 p.m.Appeal: Appeal No. 527 of 2024 pending; adjourned for further argument on 11 June 2025
- SAT matter SATV-D723842312CE007BB592C4C3By consent, matter to be called on April 17, 2025 at 10:30 a.m.Appeal: Appeal No. 527 of 2024 with Misc. Application Nos. 911, 941 and 1065 of 2024 pending, adjourned by consent to 17 April 2025
- Alleged execution of RPTs with Praxair India Pvt Ltd via JV and geographic allocation without aggregating yearly value for materiality and without shareholder approval under LODR Regulation 23.Test future RPT materiality under Reg 23(1) on aggregate yearly value with any related party irrespective of contracts · Obtain Reg 23(4) approvals if aggregate RPT value exceeds Reg 23(1) materiality thresholdAppeal: Appeal No. 527 of 2024 with MAs 911, 941, 1065 of 2024 under Sec 15T against WTM order July 24, 2024; reserved July 7, 2025, pronounced December 5, 2025
- SAT matter SATV-5A37624CD07B8CD9EBF2F009Order reserved · SEBI permitted to file a two-page note regarding submissions made by the appellant within one week from 7 July 2025Appeal: Appeal No. 527 of 2024; order reserved on 7 July 2025
- SAT matter SATV-81F07750834891B85FD0B26AUrgency application disposed as having worked itself · Appeal admittedAppeal: Appeal No. 527 of 2024 admitted on 21.08.2024; pending, next hearing October 15, 2024
Source: SecMarx — Linde India Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.