NSEGeneral Updates14 Jul 2026 · 14 Jul 2026, 06:04 pm

General Updates

Linde India Limited · LINDEINDIA

✦ AI SummaryFundraise

Linde India Limited has invested Rs. 69,90,99,984.30 in Zenataris Renewable Energy Private Limited, acquiring 26.77% stake. The investment is part of the company's overall planned investment of Rs. 105 Crores in the SPV.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10

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Full Announcement

Please find enclosed our letter no. Sect/60 dated 14 July 2026 in connection with update on investment by the Company in Zenataris Renewable Energy Private Limited. You are requested to please take the above on record.

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LINDEINDIA1_14072026180219_Linde_India_Investment_in_Zenataris_14072026.pdf

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Sect/60 14 July 2026 To, To, The Manager [NSE NEAPS] The General Manager [BSE Listing Centre] Listing Department Department of Corporate Services National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, 5th Floor, New Trading Ring, Rotunda Building, 1st Floor, Plot No. C/1, G-Block, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Fort, Mumbai – 400 051 Mumbai – 400 001 SYMBOL: LINDEINDIA SCRIP Code: 523457 Dear Sir/Madam, Update on investment by the Company in Zenataris Renewable Energy Private Limited in Karnataka We wish to inform you that on 13th July, 2026 the Company had invested a sum of Rs. 699,099,984.30/- (Rupees Sixty Nine Crores Ninety Lakhs Ninety Nine Thousand Nine Hundred Eighty Four and Paisa Thirty only) in Zenataris Renewable Energy Private Limited, a Special Purpose Vehicle (SPV) of Fourth Partner Energy Private Limited, towards subscription of its equity shares. Pursuant to such application, the Company has been allotted 82,93,001 equity shares of face value of Rs. 10/- each (allotted at a premium of Rs. 74.30/- each) on 14th July 2026. This investment is the final tranche in the overall planned investment of Rs. 105 Crores in the above mentioned SPV. Details of the above investment as required to be disclosed under SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, are mentioned below: Sl. No. Particulars Details 1. Name of the target entity, details in brief such as Zenataris Renewable Energy Private Limited size, turnover, etc. 2. Whether the acquisition would fall related party No transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length”. 3. Industry to which the entity being acquired Renewable Power belongs. 4. Objects and effects of acquisition Purchase of renewable power under captive mechanism 5. Brief details of any governmental or regulatory Open access permission for transmission of approvals required for the acquisition. power which is obtained by the generator. Registered Office Linde India Limited Phone +91 33 6602 1600 Oxygen House, P43 Taratala Road Fax +91 33 2401 4206 Kolkata 700 088, India customercare.lg.in@linde.com CIN L40200WB1935PLC008184 www.linde.in 6. Indicative time period for completion of the Allotment of 82,93,001 equity shares against acquisition. the total investment of Rs. 69,90,99,984.30/- has been completed. 7. Nature of consideration – whether cash Cash consideration or share swap and details of the same. 8. Cost of acquisition or the price at which the shares Rs. 69,90,99,984.30/- are acquired. 9. Percentage of shareholding/control acquired 26.77% (post allotment) and/or number of shares acquired. 10. Brief background about the entity acquired in Zenataris Renewable Energy Private Limited terms of product/line of business acquired, date was incorporated on 8 October 2018, and is of incorporation, history of last 3 years turnover, engaged in the business of establishing, country in which the acquired entity has presence commissioning, operation and generation of and any other significant information (in brief) electricity through renewable energy source such as wind, solar, and/or any other means in India or elsewhere, including transmission, distribution, supply and sale of such power either directly or through transmission lines and facilities of Central/State Governments or Private companies or Electricity Board to industries and to Central/State Government and other consumers of electricity including captive consumption. This may please be treated as compliance under regulation 30 read with schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. You are requested to please take the above on record. Thanking You, Yours faithfully, Amit Dhanuka Company Secretary Registered Office Linde India Limited Phone +91 33 6602 1600 Oxygen House, P43 Taratala Road Fax +91 33 2401 4206 Kolkata 700 088, India customercare.lg.in@linde.com CIN L40200WB1935PLC008184 www.linde.in