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Linde India Limited Regulatory Filings 2023
61428_rns_2023-05-23_af81a453-31b1-45c3-b092-4bb5aa43e4ae.pdf
Regulatory Filings
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Sect/51
23 May 2023
| To, The Manager, Listing Department, National Stock Exchange of India Ltd., [NSE NEAPS] Exchange Plaza, 5 th Floor, Plot No. C/1, G-Block, Bandra Kurla Complex, Bandra (E) |
$\overline{0}$ The General Manager, Department of Corporate Services, BSE Limited, [BSE Listing Centre] New Trading Ring, Rotunda Building, 1st Floor, P.J. Towers, Dalal Street Fort. |
|---|---|
| Mumbai - 400 051 | Mumbai 400 001 |
| SYMBOL: LINDEINDIA | SCRIP CODE: 523457 |
Dear Sir/Madam,
Updates on outcome of Board Meeting held on 23 May 2023
Pursuant to the provisions of Regulation 30 read with Part A Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company had at its meeting held today, i.e., 23 May 2023, inter alia, approved the following:
1. Audited Standalone and Consolidated Financial Results for the 15 months period 1 January 2022 to 31 March 2023:
The Board has approved and taken on record the Audited Standalone and Consolidated Financial Results of the Company along with its Joint Venture Companies for the 15 months period from 1 January 2022 to 31 March 2023 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the text of the said Audited Standalone and Consolidated Financial Results including the segment wise results, statement of assets and liabilities, cash flow statement and Auditor's Report of Price Waterhouse & Co. Chartered Accountants LLP, Statutory Auditors of the Company is enclosed herewith.
Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby confirm that the Report of Price Waterhouse & Co. Chartered Accountants LLP, Statutory Auditors of the Company contains an unmodified opinion in respect of the Audited Standalone as well as Consolidated Financial Statements of the Company for the 15 months period from 1 January 2022 to 31 March 2023.
We are also arranging to upload the aforesaid Financial Results on the Company's website and publish the extract of the Consolidated Financial Results for the quarter and 15 months period ended 31 March
Registered Office Linde India Limited Oxygen House, P43 Taratala Road, Kolkata 700 088, India. CIN L40200WB1935PLC008184
Phone +91 33 6602 1600 Fax +91 33 2401 4206 Email [email protected] www.linde.in
2023 in newspapers in the format as prescribed under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Requiations, 2015.
2. Recommendation of Dividend:
The Board of Directors of the Company has recommended a total dividend of 120% (i.e., Rs. 12.00/- per equity share) inclusive of a special dividend of 75% (i.e., Rs. 7.50 per equity share) on 85,284,223 fully paid up equity shares of Rs. 10/- each for the 15 months period 1 January 2022 to 31 March 2023.
3. Date of Annual General Meeting (AGM) and Book Closure:
The 87th Annual General Meeting of the Members of the Company is scheduled to be held on Thursday, 17 August 2023. The Register of Members and Share Transfer Books of the Company will be closed from Friday, 11 August 2023 to Thursday, 17 August 2023 (both days inclusive) for the purpose of AGM and payment of the aforesaid dividend to the Members.
4. Recommendation for re-appointment of Dr Shalini Sarin (DIN: 06604529) as the Non-Executive Independent Director of the Company for the second term of five consecutive years at the next AGM
The Board of Directors has on the recommendation of Nomination and Remuneration Committee of the Board, recommended to the shareholders, the re-appointment of Dr Shalini Sarin (DIN: 06604529) as the Non-Executive Independent Director of the Company for the second term of five consecutive years at the ensuing 87th Annual General Meeting of the Company.
5. Related Party Transactions
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Reguirements) Regulations, 2015, please also find attached herewith a Statement of related party transactions on a consolidated basis for the half year ended 31 March 2023.
The meeting of the Board of Directors of the Company commenced at 2:30 p.m. and concluded at 5:40 p.m.
Thanking you,
Yours faithfully,
Francesa
Amit Dhanuka Company Secretary
Encl: as above
Registered Office Linde India Limited Oxygen House, P43 Taratala Road, Kolkata 700 088, India. CIN L40200WB1935PLC008184
Phone +91 33 6602 1600 Fax +91 33 2401 4206 Email [email protected] www.linde.in
Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN L40200WB 1935PLC008184 Phone+913366021600 Fax+913324014206 [email protected] www.linde.in
Statement of Standalone Financial Results
| (Rs. Million) | |||||
|---|---|---|---|---|---|
| Three months | Three months | Three months | Fifteen months | Year | |
| ended | ended | ended | ended | ended | |
| Particulars | 31 March | 31 December | 31 March | 31 March | 31 December |
| 2023 | 2022 | 2022 | 2023 | 2021 | |
| (Unaudited)* | (Unaudited) | (Unaudited) | (Audited} | {Audited) | |
| 1. Revenue from operations | 6,302.35 | 6,970.00 | 5,342.65 | 31,355.20 | 21, 119.58 |
| 2. Other income | 217.00 | 276.95 | 139.82 | 1,087.38 | 546.63 |
| 3. Total income (1+2} | 6,519.35 | 7,246.95 | 5,482.47 | 32,442 .58 | 21,666.21 |
| 4. Expenses | |||||
| a) Cost of materials consumed | 1,293.86 | 1,984.80 | 1,377.44 | 8,246.42 | 3,931.64 |
| b) Purchase of stock-in-trade | 1,009.79 | 1,072.85 | 469.71 | 4,406. 98 | 2,911.97 |
| c) Changes in inventories of finished goods, work-in-progress and stock-in-trade |
7.65 | (35.59) | 41 .84 | (67.01) | 26.44 |
| d) Employee benefits expense | t 01 .05 | 134.61 | 130:71 | 638.71 | 502.48 |
| e) Finance Costs | 11 .70 | 11.11 | 11.34 | 56.56 | 30.54 |
| f) Depreciation and amortisation expenses | 657.87 | 481 .05 | 457.20 | 2,528.65 | 1,813.67 |
| g) Power and fuel | 1,020.21 | 1,095.52 | 1,002.22 | 5, 139.16 | 4,028.45 |
| h) Freiqht and handlinq charqes | 343.69 | 305.83 | 290.59 | 1,586.53 | 1,318.26 |
| i) Other expenses | 668.72 | 733.55 | 713.07 | 3.762.38 | 2,934.46 |
| Total expenses ( 4) | 5, 114.54 | 5,783.73 | 4,494.12 | 26,298.38 | 17,497.91 |
| 5. Profit before tax and exceptional items (3-4) | 1,404.81 | 1,463.22 | 988.35 | 6, 144.20 | 4, 168.30 |
| 6. Exceptional Items rNote (iii) below] | - | - | - | 2,944.26 | |
| 7. Profit before tax (5+6) | 1,404.81 | 1,463.22 | 988;35 | 6, 144.20 | 7, 112.56 |
| 8. Tax Expense: | |||||
| a) Current tax | 448.67 | 351 .18 | 357.43 | 1,806.18 | 1,330.76 |
| b) Deferred tax charqe/(credit) | (31.23) | (19.88) | (7.61 ) | (l,019.69) | 642.36 |
| 9. Profit for the year/period (7-8) | 987.37 | 1,131.92 | 638.53 | 5,357.71 | 5,139.44 |
| 10. Other Comprehensive Income/ (loss) | |||||
| A.(i) Items that will not be reclassified to profit or loss | 15.85 | (4.36) | 35.67 | 38.05 | (16.28) |
| Remeasurement losses on defined benefit plans Fair value chanqes of investments in equitv shares |
15.93 (0.08) |
( 4.50) 0.14 |
35.59 0.08 |
38.02 0.03 |
(18.93) 2.65 |
| (ii) Income tax relating to items that will not be reclassified to | (3.?9) | 1.13 | (12.44) | (31 .49) | 5.71 |
| profit or loss | |||||
| S.(i) Items that will be reclassified to profit or loss | - | - | - | - | |
| Fair value chanqes due to cash flow hedqes | - | - | - | - | |
| (ii) Income tax relating to items that will be reclassified to profit or loss |
- | - | - | ||
| 11 . Total comprehensive income for the year/period (9+10) | 999.23 | 1,128.69 | 661.76 | 5,364.27 | 5, 128.87 |
| 12. Paid up equity share capital (Face value Rs.10/- each) | 852.84 | 852.84 | 852.84 | 852 .84 | 852.84 |
| 13. Other Equity | - | - | 30,286.64 | 26,057.38 | |
| 14. Earninqs Per Share (EPS) (of Rs.10/- each): | |||||
| Basic and Diluted (not annualised) in Rs. | 11 .58 | 13.27 | 7.49 | 62.82 | 60.26 |
'refer note (vi)
23 May 2023 Kolkata
~ Abhijit Banerjee
Managing Director DIN : 08456907
Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN L40200WB1935PLC008184 Phone+9133 66021600 Fax+9133 2401 4206 [email protected] www.linde.in
| (Rs. Mill ionl | |||||
|---|---|---|---|---|---|
| Particulars | Three months ended 31 March 2023 (Unaudited)· |
Three months ended 31 December 2022 (Unaudited) |
Three months ended 31 March 2022 (Unaudited) |
Fineen months ended 31 March 2023 (Audited) |
Year ended 31 December 2021 (Audited) |
| 1. Segment revenue | |||||
| a. Gases, related products & services | 4,887.25 | 4,886.25 | 3,987.33 | 22, 143.83 | 16,610.69 |
| b. Project enqineerinq | 1,893.68 | 2,447.79 | 1,420.97 | 10,460.76 | 4,578. 74 |
| Total | 6,780.93 | 7,334.04 | 5,408.30 | 32,604.59 | 21, 189.43 |
| Less : Inter seqment revenue | 478.58 | 364 .04 | 65.65 | 1,249.39 | 69.85 |
| Revenue from operations | 6 302.35 | 6 970.00 | 5 342.65 | 31 355.20 | 21, 119.58 |
| 2. Segment results | |||||
| a. Gases, related products & services | 1,220.27 | 1,331.77 | 906.65 | 5,320.69 | 3,871.15 |
| b. Project enqineerinQ | 150.98 | 288.54 | 154.85 | 1,114.38 | 484.60 |
| Total segment profit before interest, tax and exceptional item |
1,371.25 | 1,620.31 | 1,061.50 | 6,435.07 | 4,355.75 |
| Less: i) Finance Costs | 11.70 | 11 .11 | 11 .34 | 56.56 | 30.54 |
| ii} Other unallocable expenditure (net of unallocable income) |
(45.26) | 145.98 | 61 .81 | 234.31 | 156.91 |
| Profit before tax and exceptional items | 1,404.81 | 1,463.22 | 988.35 | 6, 144.20 | 4,168.30 |
| Exceptional Items | - | 2,944 .26 | |||
| Profit before tax | 1,404.81 | 1,463.22 | 988.35 | 6,144.20 | 7, 112.56 |
| Tax Expense | 417.44 | 331.30 | 349.82 | 786.49 | 1,973.12 |
| Profit for the vear/oeriod | 987.37 | 1 131.92 | 638.53 | 5 357.71 | 5 139.44 |
| 3. Segment Assets | |||||
| a. Gases, related products & services# | 25,099.00 | 24,716.97 | 24,975.86 | 25,099.00 | 24,592.61 |
| b. Project enqineerinq | 4,330.89 | 1\,325.58 | 4,597.34 | 4,B0.89 | 4,173.25 |
| c. Unallocated# | 14,390.18 | 1<1.n7.35 | 10,765.35 | 14,390.1 8 | 11,261 .13 |
| Total segment assets | 43 820.07 | 43,769.90 | 40 338.55 | 43 820-07 | 40.026.99 |
| 4. Segment Liabilities | |||||
| a. Gases, related products & services | 5,773.95 | 6,278.64 | 5.716.84 | 5,773.95 | 6,256.94 |
| b. Project enqineerinq | 3,596.19 | 4,257.03 | 3,061 .27 | 3,596.19 | 3, 143.SS |
| c. Unallocated | 3,310.45 | 3,091 .24 | 3,988.49 | 3,310.45 | 3,716.28 |
| Total segment liabilities | 12,680.59 | tJ,626.91 | 12,766.60 | 12 680.59 | 13, 116.77 |
Segment wise Standalone Revenue, Results, Assets and Liabilities
·refer note (vi}
Notes:
The primary segment for the Company is the Business Segment and it has two such segments which are as follows:
a. Gases and Related Products & Servlce.s: Comprises manufacture and sale of industrial. medical and special gases as well as related products. b. Project Engineering: Comprises sale of cryogenic and non cryogenic air separation plants and projects.
Balance as at 31 March 2023, 31 December 2022, 31 March 2022 and 31 December 2021 include assets classified as "Asset held for sale" amounting to Rs. 1 ::·:0 Million, Rs. 150.00 Mil lion, Rs. 168.12 Million and Rs. 168.12 Million, respectively.
~h;b Director
Manaqinq DIN : 084 56907
Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN L40200WB 193SPLC008184 Phone +91 33 6602 1600 Fax +91332401 4206 [email protected] www.linde.in
Statement of Standalone Cash Flows
| (Rs. Million) | ||
|---|---|---|
| Fifteen months ended | Year ended | |
| Particulars | 31 March 2023 | 31 December 2021 |
| (Audited) | (Audited) | |
| Cash flows from operating activities | ||
| Profit before tax for the period | 6, 144.20 | 7,112.56 |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 2,528.65 | 1,813.67 |
| (Gain)/Loss on sale of non-current assets | (113.79) | 10.26 |
| Finance costs recognised in profit and loss | 56.56 | 30.54 |
| Interest income on unwinding of security deposits | (1 .44) | (1.02) |
| Interest Income on deposits | (560.77) | (189.07) |
| Interest income on finance lease arrangement | (3.88) | (216.76) |
| Liabilities no longer required written back | (231.93) | - |
| Dividends on non-current investments | (90.02) | (4 .20) |
| Allowances for doubtful debts | (12.36) | (7.77) |
| Provision for warranties (Net) | 61 .03 | 18.68 |
| Exceptional items | (2.944.26) | |
| Operating cash flow before working capital changes | 7,776.25 | S,622.63 |
| Movements in working capital: | ||
| (lncrease)/Decrease in trade receivables | (833.08) | 4.18 |
| Decrease in current and non-current financial assets | 15.43 | 72.32 |
| Decrease/(lncrease) in other current and non-current assets | 657.63 | (1,671. 99) |
| (Increase) in inventories | (83 .08) | (5.12) |
| (Decrease)/lncrease in Trade payables | (426.01) | 1,361.83 |
| Increase in current and non-current liabilities and provisions | 1.093.41 | 1 257.93 |
| Cash generated from operations | 8,200.55 | 6,641.78 |
| Income taxes paid (net) | (1 908.71) | (753.00) |
| Net cash generated from ooerating activities | 6.291 .84 | 5.888.78 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment, capital | (3,631 .68) | (1,367.14) |
| work in progress and intangible assets | ||
| Proceeds from disposal of property, plant and equipment | 70.56 | 16.67 |
| Advance received for Sale of Asset | 67.42 | - |
| Proceeds from disposal of Investments | - | 2.38 |
| Proceeds from disposal of Land | 59.10 | 2,477.50 |
| Income tax paid on profit from disposal of Land | (3.23) | (514.00) |
| Investment in Associate | (238.82) | - |
| Dividends received | 81.01 | 189.01 |
| Interest received | 531 .36 | 170.14 |
| Bank deposits (havino orioinal maturity of more than 3 months) | 0.06 | 9.70 |
| Net cash (used in)/ oenerated from investino activities | (3 064.22) | 964.26 |
| Cash flows from financing activities | ||
| Repayment of Lease Liabilities | (17.8.1) | (18.01) |
| Finance cost on Lease payment | (25.31) | (7 .69) |
| Dividends paid to owners of the Companv | (1151.34) | (255.85) |
| Net cash used in financino activities | (1 194.46) | (281 55) |
| Net increase in cash and cash equivalents | 2,033.16 | 6,591.49 |
| Cash and cash equivalents at the beginning of the period | 9 832.93 | 3 241.44 |
| Cash and cash equivalents at the end of the period | 11 866.09 | 9 832.93 |
Note: The above Statement of Standalone Cash Flow has been prepared under the indirect method as set out in Ind AS 7 Statement of Cash Flows
Abh ~ Director
Managing DIN: 08456907
23 May 2023 Kolkata
Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN L40200WB1935PLC008184 Phone +91 33 6602 1600 Fax +91 33 2401 4206 [email protected] www.linde.in
Standalone Balance Sheet
| (Rs. Million' | ||
|---|---|---|
| As at | As at | |
| Particulars | 31 March 2023 | 31 December 2021 |
| (Audited) | (Audited) | |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 17,080.87 | 18, 103.94 |
| Right-of-Use Assets | 340.02 | 373.20 |
| Capital work-in-progress | 2,252.29 | 680.40 |
| Goodwill | 89.34 | 89.34 |
| Other Intangible assets | 114.12 | 119.06 |
| Financial assets | ||
| Trade receivables | 309.21 | - |
| Investments in joint ventures and associates | 160.98 | 20.00 |
| Investments in others | 0.69 | 0.66 |
| Other financial assets | 160.36 | 149.85 |
| Non current tax assets (net) | 330.68 | 146.20 |
| Other non current assets | 2 343 .29 | 1 728.03 |
| Total non- current assets (A) | 23 181 .85 | 21 410.69 |
| Current assets | ||
| Inventories | 774.11 | 691.04 |
| Financial assets | ||
| Trade receivables | 4,767.91 | 4,231 .68 |
| Cash and cash equivalents | 11,866.09 | 9,832.93 |
| Other balances with bank | 48.84 | 46.80 |
| Other financial assets | 146.55 | 139.21 |
| Other current assets | 2 884.72 | 3,506.52 |
| Total current assets (B) | 20,488.22 | 18,448.18 |
| Assets classified as held for sale (C) | 150.00 | 168.12 |
| TOTAL ASSETS (A+B+C) | 43 820.07 | 40,026.99 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 852.84 | 852.84 |
| Other eauity | 30 286.64 | 26,057.38 |
| Total eauitv (D) | 31.139.48 | 26,910.22 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 206.91 | 230.37 |
| Provisions | 725.81 | 706.63 |
| Deferred tax liabilities (Net) | 2,002.58 | 2,990.77 |
| Other non-current liabilities | 403.81 | 435.77 |
| Total non- current liabilities | 3 339.11 | 4 363.54 |
| Current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 13.58 | 12:56 |
| Trade payables | ||
| (A) total outstanding dues of micro and small enterprises | 166.40 | 10.12 |
| (B) total outstanding dues of creditors other than micro and small enterprises | 5,285.17 | 5,867.46 |
| other financial liabilities | 499.33 | 570.85 |
| Provisions | 465.90 | 406.01 |
| current Tax Liabilites (net) | 78.72 | - |
| Other current liabilities Total current liabilities |
2 832.38 9341 .48 |
1,886.23 |
| Total liabilities (E) | 12 680.59 | 8,753.23 |
| 43,820.07 | 13, 116.77 | |
| TOTAL EQUITY AND LIABILITIES (D+E) | 40;026.99 |
Linde India Limited Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN L40200WB1935PLC008184 Phone +91336602 1600 Fax +91332401 4206 [email protected] www.linde.in
Statement of Consolidated Financial Results
| (Rs. Millionl | |||||
|---|---|---|---|---|---|
| Particulars | Three months ended 31 March 2023 (Unaudited)* |
Three months ended 31 December 2022 (Unaudited) |
Three months ended 31 March 2022 (Unaudited) |
Fifteen months ended 31 March 2023 (Audited) |
Year ended 31 December 2021 |
| (Audited) | |||||
| 1. Revenue from operations | 6,302.35 | 6,970.00 | S,342.65 | 31,355.20 | 21,119.58 |
| 2. other income | 217.00 | 191.31 | 139.82 | 1,039.74 | 546.63 |
| 3. Total income (1+2) | 6,519.35 | 7.161.31 | 5,482.47 | 32,394.94 | 21,666.21 |
| 4. Expenses | |||||
| a) Cost of materials consumed | 1,293 .86 | 1,984.80 | 1,377.44 | 8,246.42 | 3,931 .64 |
| b) Purchase of stock-in-trade | 1,009.79 | 1,072.85 | 469.71 | 4,406.98 | 2,911 .97 |
| c) changes in inventories of finished goods, work-in-progress and stock-in·trade |
7.65 | (35.59) | 41.84 | (67.01) | 26.44 |
| d) Employee benefits expense | 101.05 | 134.61 | 130.71 | 638.71 | 502.48 |
| e) Finance Costs | 11.70 | 11.11 | 11.34 | 56.56 | 30.54 |
| f) Depreciation and amortisation expenses | 657.87 | 481.05 | 457.20 | 2,528 65 | 1,813.67 |
| q) Power and fuel | 1,020.21 | 1,095.52 | 1,002.22 | 5,139.16 | 4,028.45 |
| h) Freiqht and handlinq charqes | 34 3.69 | 305.83 | 290.59 | 1,586.53 | 1,318.26 |
| i) Other expenses | 668.72 | 733.55 | 713.07 | 3,762.38 | 2,934.46 |
| Total expenses (4) | 5, 114.54 | 5,783.73 | 4,494.12 | •26,298.38 | 17.497.91 |
| 5. Profit before share of profit of joint venture, tax and exceptional items (3·4) |
1,404.81 | 1,377.58 | 988.35 | 6,096.56 | 4, 168.30 |
| 6. Share of profit of loint venture | 5.15 | 32.26 | 21 .24 | 86.30 | 56.18 |
| 7. Profit before tax and exceptional items (5+6) | 1,409.96 | 1,409.84 | 1,009.59 | 6, 182.86 | 4,224.48 |
| 8. Exceptional Items [Note (iii) below] | - | 2,754.52 | |||
| 9. Profit before tax (7+8) | 1,409.96 | 1,409.84 | 1,009.59 | 6, 182.86 | 6,979.00 |
| 10. Tax Expense: | |||||
| a) Current tax | 448.67 | 35 1.18 | 357.43 | 1,806.18 | 1,330.76 |
| b) Deferred tax charqe/(credit) | (31.23) | (41.43) | (7.61) | (1,003.91) | 576.06 |
| 11. Profit for the year/period (9·10) | 992.52 | 1, 100.09 | 659.77 | S,380.59 | 5,072.18 |
| 12. Other Comprehensive Income/ (Loss) | |||||
| A.(i) Items that will not be reclassified to profit or loss | 15.85 | (1l,.36) | 35.67 | 38.05 | (16.28) |
| Remeasurement losses on defined benefit plans | 15.93 | (4.50) | 35.59 | 38.02 | (18.93) |
| Fair value chanqes of investments in equity shares | (0.08) | 0.'14 | 0.08 | O.o3 | 2.65 |
| (ii) Income tax relating to items that will not be reclassified to profit or loss |
(3.99) | 1.13 | (12.44) | (31.49) | 5.71 |
| B.(i) Items that will be reclassified to profit or loss | |||||
| Fair value chanqes due to cash flow hedqes | - | ||||
| (ii) Income tax relating to items that will be reclassified to profit or loss |
- | ||||
| C.(i) Share of Other comprehensive income of loint Venture | - | ||||
| (ii) Income tax relating to items that will not be reclassified to profit or loss |
|||||
| 13. Total comprehensive income for the year/period (11+12) | 1,004.38 | 1,096.86 | 683.00 | 5,387.15 | 5,061.61 |
| 14. Paid up equity share capital (Face value Rs.10/· each) | 852.84 | 852.84 | 852.84 | 852.84 | 852.84 |
| 15. Other Equity | - | 30,548.16 | 26.296.01 | ||
| 16. Earninqs Per Share (EPS) (of Rs.10/· each): | |||||
| Basic and Diluted (not annualised) in Rs . | 11 .64 | 12.90 | 7.74 | 63.09 | 59.47 |
•refer note (vi)
~~(L-;j:: ~ Abhijit Banerj e
Managing Oirector DIN : 08456907
Linde India limited Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN l40200WB 1935Pl(008184 Phone •91 33 66021600 Fax +91 33 2401 4206 [email protected] www.linde.in
Seoment wise Consolidated Revenue, Results. Assets and Liabilities
| (Rs. Mllllon) | |||||
|---|---|---|---|---|---|
| Particulars | Three months ended 31 March |
Three months ended 31 December |
Three months ended 31 March |
Fifteen months ended 31 March |
Year ended 31 December |
| 2023 | 2022 | 2022 | 2023 | 2021 | |
| (Unaudited)• | (Unaudited) | (Unaudited) | (Audited) | (Audited) | |
| 1. Segment revenue | |||||
| a. Gases, related products fr services | 4,887.25 | 4,886.25 | 3,987.33 | 22, 143.83 | 16, 610.69 |
| b. Project enqineerinq | 1,893.68 | 2,447.79 | 1,420.97 | 10,460.76 | 4, 578.74 |
| Total | 6,780.93 | 7,334.04 | 5,408.30 | 32,604.59 | 21, 189.43 |
| Less : Inter seqmenl revenue | 478.58 | 364.04 | 65.65 | 1,249.39 | 69.85 |
| Revenue from operations | 6 302.35 | 6 970.00 | 5 342.65 | 31 355.20 | 21 119.58 |
| 2. Segment results | |||||
| a. Gases, related products & services | 1,220.27 | 1,246.13 | 906.65 | 5,273.05 | 3,871.15 |
| b. Project enqineerinCJ | 150.98 | 288.54 | 154 .85 | 1, 114.38 | 484.60 |
| Total segment profit before interest, tax and exceptional item |
1,371 .25 | 1,534.67 | 1,061 .50 | 6,387.43 | 4,355.75 |
| Less : i) Finance Costs | 11.70 | 11 .11 | 11 .34 | 56.56 | 30.54 |
| ii) Other unallocable expenditure (net of unallocable income) |
(45.26) | 145.98 | 61 .81 | 234.31 | 156.91 |
| Add : Share of profit from Joint venture | 5.15 | 32.26 | 21.24 | 86.30 | 56.18 |
| Pr11fit before tax and exceptional items | 1,409.96 | 1,409.84 | 1,009.59 | 6,182.86 | 4,224.48 |
| Exceptional I terns | - | - | - | 2, 754.52. | |
| Profit before tax | 1,409.96 | 1,409.84 | 1,009.59 | 6, 182.86 | 6,979.00 |
| Tax Expense | 417.44 | 309.75 | 349.82 | 802.27 | 1,906.82 |
| Profit for the vear /period | 992Sl | 1100.09 | 659.77 | 5 380.59 | 5 072.18 |
| 3. Segment Assets | |||||
| a. Gases, related products & services# | 25,099.00 | 24,716.97 | 24,975.86 | 25,099.00 | 24,592.61 |
| b. Project enqineerinq | 4,330.89 | 4,325.SB | 4,597.34 | 4,330.89 | 4, 173.25 |
| c. Unallocated# | 14,567.96 | 14,899.97 | 10,925.70 | 14,567.96 | 11,400.24 |
| rotal se<1ment assets | 43 997,85 | 43 942.52 | 40 498.90 | 43 997.85 | 40,166.10 |
| 4. Segment Liabilities | |||||
| a. Gases, related products & services | 5,773.95 | 6,278.64 | 5,716.84 | 5,773.95 | 6,256.94 |
| b. Project en<1ineerin<1 | 3,596.19 | 4,257.03 | 3,061 .27 | 3,596.19 | 3, 143.55 |
| c. Unallocated | 3,226.71 | 3,007 .49 | 3,888.97 | 3,226.71 | 3,616.76 |
| Tota.I segment liabilities | 12,596.85 | 13,543.16 | 12,667 .08 | 12,596.85 | 13.017.25 |
'refer note (vi)
23 May 2023 Kolkala
~ l~ ""'~" Director
~bhManaginq DIN : 08456907
Regd Office 'Oxygen House' P43 Tara ta la Road, Kolkata 700 088, India CIN L40200WB193SPLC008184 Phone +91 33 66021600 Fax +91 33 2401 4206 [email protected] www.linde.in
Statement of Consolidated Cash Flows
| (Rs Million) | ||
|---|---|---|
| Fifteen months ended | Year ended | |
| Particulars | 31 March 2023 | 31 December 2021 |
| (Audited) | (Audited) | |
| cash flows from operating activities | ||
| Profit before tax for the period | 6, 182.86 | 6,979.00 |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 2,528.65 | 1,813.67 |
| (Gain)/Loss on sale of non-current assets | (113.79) | 10.26 |
| Finance costs recognised in profit and loss | 56.56 | 30.54 |
| Interest income on unwinding of security deposits | (1.44) | (1 .02) |
| Interest Income on deposits | (560.77) | (189.07} |
| Interest income on finance lease arrangement | (3.88) | ( 4.20) |
| Liabil ities no longer required written back | (231 .93) | - |
| Dividends on non-current investments Er Asset held for sale | ( 42.38) | (216.76) |
| Share of profit from joint Venture | (86.30) | (56.18) |
| Allowances for doubtful debts | (12.36) | (7.77) |
| Provision for warranties (Net) | 61 .03 | 18.68 |
| Exceptional items | - | (2 754.52) |
| Operating cash flow before working capital changes | 7,776.25 | 5,622.63 |
| Movements in working capital: | ||
| (lncrease)/Oecrease in trade receivables | (833.08) | 4.18 |
| Decrease in current and non-current financial assets | 15.43 | 72.32 |
| Decrease/(lncrease) in other current and non-current assets | 657.63 | (1,671. 99) |
| (Increase) in inventories | (83.08) | (5.12) |
| (Oecrease)/lncrease in Trade payables | (426.01) | 1,361 .83 |
| Increase in current and non-current liabilities and provisions | 1.093.41 | 1.257.93 |
| Cash generated from operations | 8,200.55 | 6,641.78 |
| Income taxes oaid (net) | (1 908. 71) | (753.00) |
| Net cash generated from operating activities | 6,291 .84 | 5.888.78 |
| cash flows from investing activities | ||
| Purchase of property, plant and equipment, capital | (3,631.68) | (1,367.14) |
| work in progress and intangible assets | ||
| Proceeds from disposal of property, plant and equipment | 70.56 | 16.67 |
| Advance received for Sale of Asset | 67.42 | |
| Proceeds from disposal of Investments | - | 2.38 |
| Proceeds from disposal of Land | 59.10 | 2,477.50 |
| Income tax paid on profit from disposal of Land | (3.23) | (514.00) |
| Investment in Associate | (238.82) | - |
| Dividends re ceived | 81.01 | 189.01 |
| Interest received | 531.36 | 170.14 |
| Bank deposits (havinq original maturity of more than 3 months) | 0.06 | 9.70 |
| Net cash (used In)! aenerated from investing activities | (3 064.22) | 984,26 |
| Cash flows from financing activities | ||
| Repayment of Lease Liabilities | (17.81) | (18.01) |
| Finance cost on Lease payment | (25.31) | (7.69) |
| Dividends oaid to owners of the Comoanv | (1151.34) | (255.85) |
| Net cash used in flnancinq activities | (1 194.46 | (281 .SS) |
| Net increase in cash and cash equivalents | 2,033.16 | 6,591.49 |
| Cash and cash eauivalents at the beginning of the period | 9 832.93 | 3 241.44 |
| Cash and cash eauivalents at the end of the period | 11 866.09 | 9 832.93 |
23 May 2023
Kolkata
Regd Office 'Oxygen House' P43 Taratala Road, Kolkata 700 088, India CIN L40200WB1935PLC008184 Phone +91 33 6602 1600 Fax +91 33 2401 4206 [email protected] www.linde.in
Consolidated Balance Sheet
| (Rs. Million' | ||
|---|---|---|
| As at | As at | |
| Particulars | 31 March 2023 | 31 December 2021 |
| (Audited) | (Audited) | |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 17,080.87 | 18,103.94 |
| Right-of-Use Assets | 340.02 | 373.20 |
| Capital work-in-progress | 2,252.29 | 680.40 |
| Goodwill | 89.34 | 89.34 |
| Other Intangible assets | 114.12 | 119.06 |
| Financial assets | ||
| Trade receivables | 309.21 | |
| Investments in joint ventures and associates | 319.81 | 92.53 |
| Investments in others | 0.69 | 0.66 |
| Other financial assets | 160.36 | 149.85 |
| Non current tax assets (net) | 330.68 | 146.20 |
| Other non current assets | 2,343.29 | 1 728.03 |
| Total non· current assets (A) | 23 340.68 | 21 483.21 |
| Current assets | ||
| Inventories | 774.11 | 691.04 |
| Financial assets | ||
| Trade receivables | 4,767.91 | 4,231 .68 |
| Cash and cash equivalents | 11,866.09 | 9,832.93 |
| Other balances with bank | 48.84 | 46.80 |
| Other financial assets | 146.55 | 139.21 |
| Other current assets | 2,884.72 | 3 506.52 |
| Total current assets (B) | 20,488.22 | 18,448.18 |
| Assets classified as held for sale (C) | 168.95 | 234.71 |
| TOTAL ASSETS (A+B+C) | 43,997.85 | 40 166.10 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 852.84 | 852.84 |
| Other equity | 30,548.16 | 26 296.01 |
| Total equity (O) | 31,401.00 | 27 148.85 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 206.91 | 230.37 |
| Provisions | 725.8 1 | 706.63 |
| Deferred tax liabilities (Net) | 1,918.84 | 2,891.25 |
| Other non-current liabilities | 403.81 | 435.77 |
| Total non- current liabiliUe.s | 3,255.37 | 4,264.02 |
| Current liablllties | ||
| Financial liabilities | ||
| Lease liabilities | 13.58 | 12.56 |
| Trade payables | ||
| (A) total outstanding dues of micro and small enterprises | 166.40 | 10.12 |
| (B) total outstanding dues of creditors other than micro and small enterprises | S,285.17 | 5,867.46 |
| Other financial liabilities | 499.33 | 570.85 |
| Provisions | 465.90 | 406.01 |
| Current ti!X liabilities (net) | 78,72 | - |
| Other current liabilitles | 2 832.38 | 1,886.B |
| Total current liabilities | 9,341 .48 | 8 753.23 |
| Total liabilities (E) | 12,596.85 | 13 017.15 |
| TOTAL EQUITY AND LIABILITIES (D+E) | 43,997.85 | 40,166.10 |
~LD_ ;!_~A·~~ N"'1 A~;-B::re- Ma nag Ing Director OIN: 08456907
Notes:
(i) The financial results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 23 May 2023. The audit for the fifteen months period ended 31 March 2023 have been carried out by the Statutory Auditors.
(ii) The Company has elected to exercise the lower tax rate of 220/o (effective rate of 25.1680/o) permitted under the new tax rate regime under section 11 SBAA of the Income tax Act, 1961 for the tax year beginning 1 April 2022 and accordingly the income tax has been computed based on this new rate. Also, based on this new rate, the deferred tax assets & liabilities have been re-measured using this lower rate.
(iii) Exceptional Items (Rs. Million)
| Particulars | Year ended 31 December 2021 (Standalonel |
Year ended 31 December 2021 (Consolidated) |
|
|---|---|---|---|
| (a) | Profit on disposal of land and buildings pertaining to closed factory at Pac~aged Gases Plant at 48/1 Diamond Harbour Road, Kolkata |
2,944.26 | 2,944.26 |
| (b) | Impairment (Loss) on Investment in Bellary Oxygen Company Private Limited | (189.74) | |
| 2 944.26 | 2 754.52 |
(iv) Certain Shareholders have raised objections on the related party transactions entered into by Linde India Limited ("Company") with Praxair India Private Limited and Linde South Asia Services Private Limited since the ~esolution on material related party transactions in the 85th AGM held on 24 June 2021 had been rejected by the shareholders. The Company has also received inquiries and information requests from the Securities and Exchange Board of India in connection with certain related party transactions and arrangements to which the Company has been responding. Based on the legal opinion obtained by the Company, the Company is in compliance with all requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 in respect of all related party transactions entered into by it. No related party transaction entered into by the Company has a value in excess of the materiality threshold of 100/o or more of the annual consolidated turnover of the Company. Therefore, there are no material related party transactions entered into by the Company. In terms of the legal opinion obtained by the Company, it has applied the materiality threshold of 10% or more of the annual consolidated turnover of the Company to the value of each of the related party transactions and not by aggregating the value of all related party transactions il has entered into and ascertained that no shareholder approval is required for any related party transaction in terms of Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, which is not "material" in nature.
Management regularly evaluates the business and regulatory risks, including the above matters and it recognises the related uncertainties around their ultimate outcomes, the impact of which, if any, is not presently ascertainable.
\ (v) During the 15 months period ended 31 March 2023, the Company has made investments in 3 entities namely Avaada MHYavat Private Limited, l I FP Solar Shakti Private Limll<'!d and FPEL Surya Private Limited, which are considered as Associates. In the consolidated financial results, considering; the terms and conditions of these 3 investments, in accordance with Ind AS, the Company is not required to apply equity method of accounting/ Also, in respect of 1 Joint Venture (namely Bellary Oxygen Company Private Limited), the Company is not required to apply equity method of accounting as this is classified as 'Investments held for Sale'. Accordingly, the Consolidated financial results reflect the results of Linde 1n<!{a Limited (Holding Company) and share of profit of 1 Joint venture 'Linde South Asia Services Private Limited'. '
(vi) Figures for the three months ended 31 March 2023 are balancing figures between audited figures in respect of fifteen months financial year ended 31 March 2023 and the published year to date figures for the twelve months ended 31 December 2022.
(vii) The Board of D.irectors at its meeting held on 14 November 2022 approved the change of financial year of the Company from calendar year Uanuary - December) to uniform financial year (April - March). The company has also obtained necessary approval from the Regional Director, Eastern Region, Ministry of Corporate Affairs on 29 March 2023. Accordingly the current financial year comprises 15 months period from 1 January 2022 to 31 March 2023 and hence the figures are not comparable with the previous financial year which is for 12 months.
(viii) The Board of Directors of the Company has recommended a dividend of 1200/o (i.e. Rs.12 per equity share of Rs.10 each) including a special dividend of 75% (i.e, Rs. 7.50 per equity share of Rs. 10 each) for the fifteen months ended 31 March 2023. The 87th Annual General Meeting (AGM) of the Members of the Company will be held on Thursday , 17 August 2023. The Register of Members and share Transfer Books of the Company will be closed from Friday, 11 August 2023 to Thursday, 17 August 2023 (both days inclusive) for the purpose of the AGM and payment of dividend to the Members.
23 May 2023 Kolkata
1~ ¥, ::r
Managinq Director DIN: 08456907
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Linde India Limited
Report on the Audit of the Standalone Financial Results
Opinion
- L We have audited the standalone annual financial results of Linde India Limited (hereinafter referred to as the "Company") for the 15 months period ended March 31, 2023 and the standalone balance sheet and the statement of standalone cash flows as at and for the period ended on that date, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations; 2015, as amended (the 'Listing Regulations') which has been initialled by us for identification purposes.
-
- In our,opinion and to the best of our information and according to the explanations given to ·us, the standalone financial results:
- (i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
- (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act") and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for 15 months period ended March 31, 2023, and also the standalone balance sheet and the statement of standalone cash flows as at and for the 15 months period ended on that date.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act) and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
- We draw attention to Note iv of the financial results which explains the management assessment of related party transactions in terms of Listing Regulations, 2015. The Company has received inquiries and information requests from Securities and Exchange Board of India in connection with certain related party transactions and arrangements to which the Company has been responding from time to time. There are significant uncertainties associated with the outcome of the above, being matters of legal and regulatory interpretation, the impact of which, if any is presently not ascertainable.
Our opinion is not modified in respect of this matter.
Board of Director's Responsibilities for the Standalone Financial Results
-
- These standalone financial results have been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information, the standalone balance sheet and the statement of standalone cash flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the standalone financial results by the Directors of the Company, as aforesaid.
-
- In preparing the standalone financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
-
- The Board of Directors of the Company are also responsible for overseeing the financial reporting process of the Company.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
-
- Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.
-
- As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. (Refer paragraph 14 below).
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
- We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
-
- The standalone financial results include the results for the quarter ended March 31, 2023 being the balancing figures between the audited figures in respect of the full financial year being 15 months period ended March 31, 2023 and the published unaudited year to date figures up to the fourth quarter ended December 31, 2022 of the current financial year, which are neither subject to limited review nor audited by us.
-
- The standalone financial results of the Company for the year ended December 31, 2021, were audited by another firm of chartered accountants under the Regulation 33 who, vide their report dated February 24, 2022 expressed an unmodified opinion on those financial results.
-
- The standalone financial results of the Company for the quarter ended March 31, 2022 was reviewed by another firm of chartered accountants who issued an unmodified conclusion vide their report dated May 13, 2022.
-
- The standalone annual financial results dealt with by this report has been prepared for the express purpose of filing with Stock exchanges. These results are based on and should be read with the audited standalone financial statements of the Company for the 15 months period ended March 31, 2023 on which we issued an unmodified audit opinion vide our report dated May 23, 2023.
Pa er Membership Number 099903 UDIN: 23099903BGWLOF7172 Place: Kolkata Date: May 23, 2023
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors of Linde India Limited
Report on the Audit of the Consolidated Financial Results
Opinion
-
- We have audited the consolidated annual financial results of Linde India Limited (hereinafter referred to as the "Holding company") and its associates and joint ventures for the 15 months period ended March 31, 2023 and the consolidated balance sheet and the statement of consolidated cash flows as at and for the 15 months period ended on that date, being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") which has been initialed by us for identification purposes.
-
- In our opinion and to the best of our information and according to the explanations given to us the aforesaid consolidated financial results:
- a. includes the annual financial results of entities as set out in Note v to the financial results:
-
- Linde India Limited (Holding Company)
-
- Avaada Mhyaat Private Limited (Associate Company with effect from April 20, 2022)
-
- FP Solar Shakti Private Limited (Associate Company with effect from March 14, 2023)
-
- FPEL Surya Private Limited (Associate Company with effect from February 23, 2023)
-
- Linde South Asia Services Private Limited (Joint Venture) and
-
- Bellary Oxygen Company Private Limited (Joint Venture)
-
- b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
- c. gives a true and fair view, in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the "Act"), and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Holding Company, its associates and joint ventures for the 15 months period ended March 31, 2023 and the consolidated balance sheet and the statement of consolidated cash flows as at and for the 15 months period ended March 31, 2023.
Basis for Opinion
- We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Consolidated Financial Results' section of our report. We are independent of the Holding Company, its associates and joint ventures in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Registered office and Head office: Plot No. 56 & 57, Block ON, Sector-V, Salt Lake, Kolkata - 700 091
Price Waterhouse & Co. (a Partnership Firm) converted into Price Waterhouse & Co Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-4362) with effect from July 7, 2014. Post its conversion to Price Waterhouse & Co Chartered Accountants LLP, its ICAI registration number is 304026E/E300009 (ICAI registration number before conversion was 304026E)
Emphasis of Matter
- We draw attention to Note iv of the financial results which explains the management assessment of related party transactions in terms of Listing Regulations, 2015. The Holding Company has received inquiries and information requests from Securities and Exchange Board of India in connection with certain related party transactions and arrangements to which the Holding Company has been responding from time to time. There are significant uncertainties associated with the outcome of the above, being matters oflegal and regulatory interpretation, the impact of which, if any, is presently not ascertainable.
Our opinion is not modified in respect of this matter.
Management's Responsibilities for the Consolidated Financial Results
-
- These consolidated financial results have been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Holding Company including its associates and joint ventures and the consolidated balance sheet and the statement of consolidated cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Holding Company and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Holding Company and its associates and joint ventures and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
-
- In preparing the consolidated financial results, the respective Board of Directors of the Holding Company and of its associates and joint ventures are responsible for assessing the ability of the Holding Company and its associates and joint ventures to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Holding Company and its associates and joint ventures or to cease operations, or has no realistic alternative but to do so.
-
- The respective Board of Directors of the Holding Company, its associates and joint ventures are responsible for overseeing the financial reporting process of the Holding Company and its associates and joint ventures.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
-
- Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
-
- As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. (Refer paragraph 17 below).
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Holding and its associates and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Holding Company and its associates and joint ventures to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial results/financial information of Holding Company and its associates and joint ventures to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors.
-
- We communicate with those charged with governance of the Holding Company, regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
- We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
- The consolidated financial results also includes the Group's share of net profit after tax of Rs. 86.30 millions and total comprehensive income of Rs. 86.30 millions for the 15 months period ended March 31, 2023, as considered in the consolidated financial results, in respect of one Joint venture, whose financial information have not been audited by us. This interim financial information is unaudited and has been furnished to us by the Management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of this Joint venture, is based solely on such unaudited interim financial information. In our opinion and according to the information and explanations given to us by the Management, this interim financial information is not material to the Group.
Our opinion on the consolidated Financial Results is not modified in respect of the above matter with respect to the financial information certified by the Board of Directors authorized personnel.
-
- The consolidated financial results include the results for the quarter ended March 31, 2023 being the balancing figures between the audited figures in respect of the full financial year being 15 months period ended March 31, 2023 and the published unaudited year to date figures up to the fourth quarter ended December 31, 2022 of the current financial year, which are neither subject to limited review nor audited by us.
-
- The consolidated financial results of the Holding Company for the year ended December 31, 2021, were audited by another firm of chartered accountants under Regulation 33 who, vide their report dated February 24, 2022, expressed an unmodified opinion on those financial results.
-
- The consolidated financial results of the Company for the quarter ended March 31, 2022 was reviewed by another firm of chartered accountants who issued an unmodified conclusion vide their report dated May 13, 2022.
-
- The consolidated annual financial results dealt with by this report has been prepared for the express purpose of filling with stock exchanges. These results are based on and should be read with the audited consolidated financial statement of the Holding Company, its associates and joint ventures, for the 15 months period ended March 31, 2023 on which we have issued an unmodified audit opinion vide our report dated May 23, 2023.
lterhouse & Co Chartered Accountants LLP tion Number: 304026E/E-300009
ar embership Number 099903 UDIN: 23099903BGWLOG2822 Place: Kolkata Date: May 23, 2023
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| Related party transactions | |||||||||||||||
| Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate | when such | ||||||||||||||
| Details of the party (listed entity /subsidiary) entering into the transactio |
Details of the counterparty | Value of the related | Value of transaction | of the transaction | In case monies are due to either party as a result | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments |
|||||||||
| Sr No. Name |
PAN | Name | Relationship of the PAN counterparty with the listed |
Type of related party transaction |
Details of other related party transaction |
party transaction as approved by the audit |
Remarks on approval by audit committee |
during the reporting period |
Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other |
Details of other indebtedness | Cost | Tenure | Nature (loan/a intercorporate |
| entity or its subsidiary | committee | etc.) | investme | ||||||||||||
| Add Delete |
Goods, Services, Fixed | ||||||||||||||
| 1 Linde India Limited | Linde Plc | Ultimate Holding Company | Any other transaction Purchase of goods or |
Assets and Recharges | 160.00 Approved | 8.94 | 0.00 | 0.00 | |||||||
| 2 Linde India Limited | Linde GmbH | Intermediate Holding Company services | 1450.00 Approved | 316.76 | 0.00 | 0.00 | |||||||||
| 3 Linde India Limited | Linde GmbH | Intermediate Holding Company Any other transaction Royalty/License Fees | 650.00 Approved | 160.88 | 0.00 | 0.00 | |||||||||
| 4 Linde India Limited | Linde GmbH | Intermediate Holding Company Purchase of fixed assets | 1150.00 Approved | 150.60 | 0.00 | 0.00 | |||||||||
| 5 Linde India Limited | Linde GmbH Limited |
Intermediate Holding Company Sale of goods or services | 650.00 Approved | 121.30 | 0.00 | 0.00 | |||||||||
| 6 Linde India Limited | Linde South Asia Services Private | Joint Venture | Dividend received Purchase of goods or |
465.00 Approved | 90.00 | 0.00 | 0.00 | ||||||||
| 7 Linde India Limited | Limited | Joint Venture | services | Renewable Energy | 1450.00 Approved | 608.37 | 0.00 | 0.00 | |||||||
| 8 Linde India Limited | FPEL Surya Private Limited | Associate Company | Any other transaction | Company | 80.00 Approved | 76.95 | 0.00 | 0.00 | |||||||
| 9 Linde India Limited | Linde Bangladesh Limited | Fellow Subsidiaries | Sale of fixed assets | 10.00 Approved | 0.39 | 0.00 | 0.00 | ||||||||
| 10 Linde India Limited | Linde Bangladesh Limited Linde Engineering India Private |
Fellow Subsidiaries | Sale of goods or services Purchase of goods or |
230.00 Approved | 52.23 | 0.00 | 0.00 | ||||||||
| 11 Linde India Limited | Limited Linde Engineering India Private |
Fellow Subsidiaries | services | 120.00 Approved | 11.36 | 0.00 | 0.00 | ||||||||
| 12 Linde India Limited | Limited Linde Engineering India Private |
Fellow Subsidiaries | Purchase of fixed assets | 70.00 Approved | 7.34 | 0.00 | 0.00 | ||||||||
| 13 Linde India Limited | Limited Linde Global Support Services Pvt. |
Fellow Subsidiaries | Sale of goods or services | Common facilities | 270.00 Approved | 2.37 | 0.00 | 0.00 | |||||||
| 14 Linde India Limited | Ltd. | Fellow Subsidiaries | Any other transaction Purchase of goods or |
charges, recovery of | 70.00 Approved | 15.58 | 0.00 | 0.00 | |||||||
| 15 Linde India Limited | Gas Linde Inc. | Fellow Subsidiaries | services Purchase of goods or |
1250.00 Approved | 458.16 | 0.00 | 0.00 | ||||||||
| 16 Linde India Limited | Linde Gas North America LLC E&S gas | Fellow Subsidiaries | services Purchase of goods or |
130.00 Approved | 1.07 | 0.00 | 0.00 | ||||||||
| 17 Linde India Limited | LUCK STREAM Co., Ltd. | Fellow Subsidiaries | services | 25.00 Approved | 2.62 | 0.00 | 0.00 | ||||||||
| 18 Linde India Limited | Linde Philippines, INC. | Fellow Subsidiaries | Sale of goods or services | 30.00 Approved | 0.50 | 0.00 | 0.00 | ||||||||
| 19 Linde India Limited | Linde Kryotechnik AG Linde Engineering (Hangzhou) Co. |
Fellow Subsidiaries | Sale of goods or services Purchase of goods or |
15.00 Approved | $-1.40$ | 0.00 | 0.00 | ||||||||
| 20 Linde India Limited | Itd. Linde Engineering (Hangzhou) Co. |
Fellow Subsidiaries | services | 95.00 Approved | 27.68 | 0.00 | 0.00 | ||||||||
| 21 Linde India Limited | Ltd. | Fellow Subsidiaries | Purchase of fixed assets Purchase of goods or |
20.00 Approved | 9.05 | 0.00 | 0.00 | ||||||||
| 22 Linde India Limited | Linde Malaysia Sdn. Bhd. | Fellow Subsidiaries | services | 33.00 Approved | 0.07 | 0.00 | 0.00 | ||||||||
| 23 Linde India Limited | Linde Malaysia Sdn. Bhd. Linde Business Solutions Center |
Fellow Subsidiaries | Sale of fixed assets Purchase of goods or |
5.00 Approved | 1.21 | 0.00 | 0.00 0.00 |
||||||||
| 24 Linde India Limited | Philippines INC | Fellow Subsidiaries | services Purchase of goods or |
30.00 Approved 440.00 Approved |
6.14 24.42 |
0.00 0.00 |
0.00 | ||||||||
| 25 Linde India Limited 26 Linde India Limited |
Cryostar SAS Cryostar SAS |
Fellow Subsidiaries Fellow Subsidiaries |
services Purchase of fixed assets |
285.00 Approved | 3.19 | 0.00 | 0.00 | ||||||||
| Sale of goods or services | 8.26 | 0.00 | 0.00 | ||||||||||||
| 27 Linde India Limited | Ceylon Oxygen Limited | Fellow Subsidiaries | 70.00 Approved | 0.06 | 0.00 | 0.00 | |||||||||
| 28 Linde India Limited | Linde Gas Singapore Pte. Ltd. | Fellow Subsidiaries | Sale of goods or services Purchase of goods or |
8.00 Approved | |||||||||||
| 29 Linde India Limited | Linde Gas Singapore Pte. Ltd. | Fellow Subsidiaries | services Sale of goods or services |
5.00 Approved 40.00 Approved |
2.24 2.27 |
0.00 0.00 |
0.00 0.00 |
||||||||
| 30 Linde India Limited 31 Linde India Limited |
Linde Gas Asia Pte Limited Linde Gas Asia Pte Limited |
Fellow Subsidiaries Fellow Subsidiaries |
Purchase of goods or services |
160.00 Approved | 2.58 | 0.00 | 0.00 | ||||||||
| 32 Linde India Limited | Linde Indonesia | Fellow Subsidiaries | Sale of goods or services | 30.00 Approved | 13.98 | 0.00 | 0.00 | ||||||||
| 33 Linde India Limited | Linde Indonesia | Fellow Subsidiaries | Sale of fixed assets | 20.00 Approved | 14.20 | 0.00 | 0.00 | ||||||||
| Purchase of goods or | 22.00 Approved | 1.34 | 0.00 | 0.00 | |||||||||||
| 34 Linde India Limited | Linde Indonesia | Fellow Subsidiaries | services | 0.03 | 0.00 | 0.00 | |||||||||
| 35 Linde India Limited 36 Linde India Limited |
Linde Gas Vietnam Limited Linde (Thailand) Public Company Limited |
Fellow Subsidiaries Fellow Subsidiaries |
Sale of goods or services Sale of goods or services |
5.00 Approved 8.00 Approved |
1.51 | 0.00 | 0.00 | ||||||||
| 37 Linde India Limited | Linde Engineering (Dailan) Co. Ltd. | Fellow Subsidiaries | Purchase of goods or services |
245.00 Approved | 34.72 | 0.00 | 0.00 | ||||||||
| 38 Linde India Limited | Linde Engineering (Dailan) Co. Ltd. | Fellow Subsidiaries | Purchase of fixed assets | 320.00 Approved | 50.15 | 0.00 | 0.00 | ||||||||
| 39 Linde India Limited | Linde Gas & Equipment Inc. | Fellow Subsidiaries | Purchase of goods or services |
85.00 Approved | 7.83 | 0.00 | 0.00 | ||||||||
| 40 Linde India Limited | Praxair India Pvt. Ltd | Fellow Subsidiaries | Purchase of goods or services |
2340.00 Approved | 775.84 | 0.00 | 0.00 | ||||||||
| 41 Linde India Limited | Praxair India Pvt. Ltd | Fellow Subsidiaries | Sale of fixed assets | 140.00 Approved | 27.24 | 0.00 | 0.00 | ||||||||
| 42 Linde India Limited | Praxair India Pvt. Ltd | Fellow Subsidiaries | Sale of goods or services | 3100.00 Approved | 1269.97 | 0.00 | 0.00 | ||||||||
| 43 Linde India Limited | Praxair India Pvt. Ltd | Fellow Subsidiaries | Sale of goods or services | 4100.00 Approved | 1277.25 | 0.00 | 0.00 | ||||||||
| 44 Linde India Limited | Linde India Limited Non Executive Staff Gratuity Fund |
Employee Benefit Funds | Any other transaction Funds | Employee Benefits | 13.00 Approved | 6.98 | 0.00 | 0.00 | |||||||
| 45 Linde India Limited | Indian Oxygen Limited Executive Staff Gratuity Fund |
Employee Benefit Funds | Any other transaction Funds | Employee Benefits | 15.36 Approved | 0.37 | 0.00 | 0.00 | |||||||
| 46 Linde India Limited | FPEL Solar Shakti Private Limited | Associate Company | Any other transaction Company | Renewable Energy | 48.00 Approved | 47.88 | 0.00 | 0.00 | |||||||
| 47 Linde India Limited | Pawan Marda | Key Managerial Personnel | Any other transaction Remuneration | 13.65 Approved | 6.16 | 0.00 | 0.00 | ||||||||
| 48 Linde India Limited | Abhijit Banerjee | Key Managerial Personnel | Any other transaction Remuneration | 33.09 Approved | 13.22 | 0.00 | 0.00 | ||||||||
| 49 Linde India Limited | Neeraj Kumar Jumrani | Key Managerial Personnel | Any other transaction Remuneration | 4.93 Approved | 3.97 | 0.00 | 0.00 | ||||||||
| 50 Linde India Limited | Amit Dhanuka | Key Managerial Personnel | Any other transaction Remuneration | 0.28 Approved | 0.28 | 0.00 | 0.00 | ||||||||
| 51 Linde India Limited | Linde GmbH | Intermediate Holding Company Any other transaction Payable Balances | Balances | 0.00 | $-512.32$ | $-752.68$ | |||||||||
| 52 Linde India Limited | Linde Gáz Magyarország Zrt. | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | $-0.66$ | $-0.74$ | ||||||||
| 53 Linde India Limited | Linde Gas Singapore Pte. Ltd. | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | 0.12 | $-2.22$ | ||||||||
| Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | $-259.48$ | $-35.97$ | |||||||||
| 54 Linde India Limited | Gas Linde Inc. | Any other transaction Payable Balances | Balances | $0.00\,$ | $-1.64$ | $-0.19$ | |||||||||
| 55 Linde India Limited | Linde Gas & Equipment Inc. | Fellow Subsidiaries |
| advance/ e deposit/ |
Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of |
Notes |
|---|---|---|---|---|---|
| funds (endusage) | |||||
| $\lambda$ | |||||
| $\epsilon$ | ré. | ||||
| NDIA | ÌM, | ||||
| Kolkata | 含 | ||||
| 700088 | ⊀ | ||||
| $\overline{w}^{\mu}$ | $\mathcal{U}$ | $A_{e_{\mathcal{O}}}$ |
| Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate | when such | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Details of the party (listed entity /subsidiary) entering into the | Details of the counterparty | Value of the related | In case monies are due to either party as a result of the transaction |
In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments |
||||||||||||||
| Sr No. | Name | transaction | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary |
Type of related party transaction |
Details of other related party transaction |
party transaction as approved by the audit committee |
temarks on approval by audit committee |
Value of transaction during the reporting period |
Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/any other etc.) |
Details of other indebtedness | Cost | Tenure | Nature (loan/a intercorporate investme |
| 56 Linde India Limited | Praxair India Pvt. Ltd | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | $-1023.37$ | $-281.86$ | |||||||||||
| 57 Linde India Limited | Linde South Asia Services Private Limited |
Joint Venture | Any other transaction Payable Balances | Balances | 0.00 | $-105.81$ | $-110.61$ | |||||||||||
| 58 Linde India Limited | BOC Limited | Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | $-0.88$ | $-2.32$ | ||||||||||
| 59 Linde India Limited | Cryostar SAS | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | $-18.32$ | $-37.75$ | |||||||||||
| 60 Linde India Limited | Ceylon Oxygen Limited | Fellow Subsidiaries | Any other transaction | Pavable Balances | Balances | 0.00 | $-0.08$ | $-0.08$ | ||||||||||
| 61 Linde India Limited | Linde Engineering India Private Limited |
Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | $-22.77$ | $-8.32$ | ||||||||||
| 62 Linde India Limited | Linde Malaysia Sdn. Bhd. | Fellow Subsidiaries | Any other transaction | Payable Balances | Ralances | 0.00 | $-0.08$ | $-0.07$ | ||||||||||
| 63 Linde India Limited | Linde (Thailand) Public Company Limited |
Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | $-0.03$ | $-0.03$ | ||||||||||
| 64 Linde India Limited | LUCK STREAM Co., Ltd. | Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | 0.00 | $-2.62$ | ||||||||||
| 65 Linde India Limited | Linde Public Limited Company | Ultimate Holding Company | Any other transaction Payable Balances | Balances | 0.00 | $-13.05$ | $-9.61$ | |||||||||||
| 66 Linde India Limited | Helium Linde Inc. | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | 0.00 | $-263.50$ | |||||||||||
| 67 Linde India Limited | Linde Indonesia Linde Business Solutions Center |
Fellow Subsidiaries | Any other transaction | Balances | 0.00 | 0.00 | $-1.34$ | |||||||||||
| 68 Linde India Limited | Philippines INC Bellary Oxygen Company Private |
Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | 0.00 | $-3.68$ | |||||||||||
| 69 Linde India Limited | Limited | Joint Venture | Any other transaction Payable Balances | Balances | 0.00 | $-3.54$ | $-3.54$ | |||||||||||
| 70 Linde India Limited | Linde Gas North America LLC E&S gas Linde Electronics & Specialty Gases |
Fellow Subsidiaries | Any other transaction | Pavable Balances | Balances | 0.00 | 5.50 | $-1.79$ | ||||||||||
| 71 Linde India Limited | (Suzhou) Co Ltd. | Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | $-1.03$ | $-1.23$ | ||||||||||
| 72 Linde India Limited | Linde Engineering (Dailan) Co. Ltd. | Fellow Subsidiaries | Any other transaction | Payable Balances | Balances | 0.00 | $-9.19$ | $-26.76$ | ||||||||||
| 73 Linde India Limited | Praxair India Pvt. Ltd | Fellow Subsidiaries | Any other transaction | Receivables Balances | Balances | 0.00 | 805.67 | 388.88 | ||||||||||
| 74 Linde India Limited | Linde GmbH | Intermediate Holding Company Any other transaction | Receivable Balances | Balances | 0.00 | 57.42 | 62.21 | |||||||||||
| 75 Linde India Limited | Linde Bangladesh Limited Linde Indonesia |
Fellow Subsidiaries | Any other transaction Any other transaction |
Receivable Balances Receivable Balances |
Balances Balances |
0.00 0.00 |
43.41 0.76 |
49.85 15.66 |
||||||||||
| 76 Linde India Limited 77 Linde India Limited |
Linde Engineering India Private I imited |
Fellow Subsidiaries Fellow Subsidiaries |
Any other transaction | Receivable Balances | Balances | 0.00 | 55.04 | 28.48 | ||||||||||
| 78 Linde India Limited | Linde South Asia Services Private Limited |
Joint Venture | Any other transaction Receivable Balances | Balances | 0.00 | 0.03 | 0.03 | |||||||||||
| 79 Linde India Limited | Linde Global Support Services Pvt. Ltd. |
Fellow Subsidiaries | Any other transaction Receivable Balances | Balances | 0.00 | 3.17 | 3.23 | |||||||||||
| 80 Linde India Limited | Linde Philippines, INC. | Fellow Subsidiaries | Any other transaction Receivable Balances | Balances | 0.00 | 0.00 | 0.49 | |||||||||||
| 81 Linde India Limited | Linde (Thailand) Public Company Limited |
Fellow Subsidiaries | Any other transaction | Receivable Balances | Balances | 0.00 | 0.00 | 1.50 | ||||||||||
| 82 Linde India Limited | AGA AB Corporate Staffs | Fellow Subsidiaries | Any other transaction Receivable Balances | Balances | 0.00 | 0.11 | 0.11 | |||||||||||
| 83 Linde India Limited | Linde GmbH Linde Engineering India Private |
Intermediate Holding Company Any other transaction Advances to Vendors | Balances | 0.00 | 0.00 | 295.95 | ||||||||||||
| 84 Linde India Limited | Limited | Fellow Subsidiaries | Any other transaction | Advances to Vendors | Balances | 0.00 | 0.00 | 0.88 | ||||||||||
| 85 Linde India Limited | Linde Engineering (Dailan) Co. Ltd. | Fellow Subsidiaries | Any other transaction | Advances to Vendors | Balances | 0.00 | 50.19 | 27.95 | ||||||||||
| 86 Linde India Limited | BOC Limited | Fellow Subsidiaries | Any other transaction | Advances to Vendors | Balances | 0.00 | 0.16 | 0.00 | ||||||||||
| 87 Linde India Limited | Cryostar SAS | Fellow Subsidiaries | Any other transaction | Advances to Vendors | Balances | 0.00 0.00 |
4.84 0.52 |
20.68 0.00 |
||||||||||
| 88 Linde India Limited 89 Linde India Limited |
Linde Bangladesh Limited Ceylon Oxygen Limited |
Fellow Subsidiaries Fellow Subsidiaries |
Any other transaction Any other transaction |
Advances to Vendors Advances to Vendors |
Balances Balances |
0.00 | 0.00 | 0.14 | ||||||||||
| 90 Linde India Limited | Linde Indonesia | Fellow Subsidiaries | Any other transaction Advances to Vendors | Balances | 0.00 | 0.02 | 0.00 | |||||||||||
| 91 Linde India Limited | Praxair Distribution, Inc. | Fellow Subsidiaries | Any other transaction Advances to Vendors | Balances | 0.00 | 0.00 | 4.13 | |||||||||||
| 92 Linde India Limited | Linde Gas North America LLC E&S Gas |
Fellow Subsidiaries | Any other transaction Advances to Vendors | Balances | 0.00 | 0.00 | 56.89 | |||||||||||
| 93 Linde India Limited | Linde Engineering (Hangzhou) Co. Ltd. |
Fellow Subsidiaries | Any other transaction Advances to Vendors | Balances | 0.00 | 14.50 | 0.00 | |||||||||||
| 94 Linde India Limited | Praxair India Private Limited | Fellow Subsidiaries | Any other transaction Customers | Advances from | Balances | 0.00 | 226.22 | 95.82 | ||||||||||
| 95 Linde India Limited | Linde Kryotechnik AG | Fellow Subsidiaries | Any other transaction Customers | Advances from | Balances | 0.00 | 8.37 | 9.77 | ||||||||||
| 96 Linde India Limited | Linde GmbH, Linde Eng Linde Engineering India Private |
Fellow Subsidiaries | Any other transaction Customers | Advances from Advances from |
Balances | 0.00 | 0.00 | 23.35 | ||||||||||
| 97 Linde India Limited | Limited | Fellow Subsidiaries | Any other transaction Customers | Advances from | Balances | 0.00 | 14.65 | 16.24 | ||||||||||
| 98 Linde India Limited | Linde Malaysia SDN BHD | Fellow Subsidiaries | Any other transaction Customers | Advances from | Balances | 0.00 | 3.30 | 3.30 | ||||||||||
| 99 Linde India Limited | Ceylon Oxygen Limited | Fellow Subsidiaries | Any other transaction Customers | Advances from | Balances | 0.00 | 0.00 | 3.15 | ||||||||||
| 100 Linde India Limited | BOC Limited | Fellow Subsidiaries | Any other transaction Customers | Balances | 0.00 | 0.00 | 1.35 | |||||||||||
| 101 Linde India Limited 102 Linde India Limited |
Linde Indonesia Praxair India Private Limited |
Fellow Subsidiaries Fellow Subsidiaries |
Any other transaction Unbilled Revenue Any other transaction |
Unbilled Revenue | Balances Balances |
0.00 0.00 |
619.42 | 9.13 325.70 |
||||||||||
| 103 Linde India Limited | Linde GmbH, Linde Eng | Fellow Subsidiaries | Any other transaction Unbilled Revenue | Balances | 0.00 | 6.62 | 6.87 | |||||||||||
| 104 Linde India Limited | Linde Korea Pvt Ltd | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | 0.00 | $-3.01$ | |||||||||||
| 105 Linde India Limited | BOCLH Industrial Gases (Waigaoqiao) Co., Ltd. |
Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | $-6.13$ | $-2.96$ | |||||||||||
| 106 Linde India Limited | Linde Gas Asia Pte Limited | Fellow Subsidiaries | Any other transaction Payable Balances | Balances | 0.00 | $-6.33$ | $-6.39$ | |||||||||||
| Total value of transaction during the reporting period | 5724.0989 |
$\sim 100$
| /advance/ te deposit/ |
Interest Rate (%) | Tenure | Details of the loans, inter-corporate deposits, advances or investments Secured/ unsecured |
Purpose for which the funds will be utilised by the ultimate recipient of |
Notes |
|---|---|---|---|---|---|
| funds (endusage) | |||||
| $\overline{a}$ | |||||
| ÷ | NDIA | ||||
| 谷 | |||||
| bever ce la | $\frac{1}{2}$ | Kolkata 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV 18 AV |
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