* The Securities Appellate Tribunal (SAT) dismissed Linde India's appeal against a SEBI order dated 24 July 2024, related to related party transactions (RPTs). * The order was downloaded by the company on 9 December 2025. * SEBI's order cited Linde India's failure to obtain shareholder approvals for material RPTs with Praxair India Private Limited and the Business Allocation Protocol in the Joint Venture Agreement dated 24 March 2020. * SAT's order includes: * Dismissal of the appeal. * Disposal of all pending interlocutory applications. * No costs imposed. * The company is analyzing the impact of the order on its financial and operational activities.
