9FEBRUARY 2026LINDE INDIA PLANS EGM AMID SEBI RPT COMPLIANCE PUSHTRANSRAIL LIGHTING SECURES RS 2,350 CR ORDERS IN DOMESTIC MARKETTransrail Lighting announced that it has secured new Engineering, Procurement, and Construction (EPC) orders worth Rs 2,350 crore in the domestic market.The latest orders are primarily focused on the Transmission & Distribution (T&D) sector, with additional work in civil projects and select poles & lighting projects.With these new additions, the company's cumulative order inflows for FY26 have crossed 7,980 crore, further The exceptional general meeting comes after a decision by the Securities Appellate Tribunal (SAT), in December 2025, to allow the interpretation of the materiality level of RPTs by the Securities and Exchange Board of India. The case focused on Linde India and joint venture business with Praxair India.Linde India had already appealed against the findings of Sebi claiming that the regulator had wrongly employed the concept of related-party transactions. Nevertheless, the tribunal did not accept the claims of the company and said that the materiality limits are well stipulated in the current regulations.According to the Sebi standards, any transaction that is above 1,000 crore or 10 percent of annual consolidated turnover of any entity whichever is lesser must be approved by all the shareholders beforehand. The company will request RPTs of 417.7 crore with Praxair India at the upcoming Linde India EGM to run to FY2025-26."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 standpoint," said a regulatory expert.Corporate governance experts consider the development to be an obvious step towards compliance and higher levels of transparency. solidifying its position in the market. "The T&D order includes mainly construction of 765 kV transmission lines, along with contributions from civil and poles & lighting underscore our competitive positioning in the market. These orders take our FY26 inflows beyond 7,980 crore," said Randeep Narang, Managing Director & CEO of Transrail Lighting.Transrail Lighting has established itself as a leading entity within the EPC industry, specializing in all aspects of T&D (Transmission & Distribution), Civil Construction, Railways, and Pole & Lighting. With operations extending into 63 countries around the globe, Transrail is capable of delivering large-scale projects globally.In addition to this, Narang also stated that the company is currently the lowest bidder on projects valued over Rs 800 crore (approximately millions USD). In addition to this, Transrail has a strong bidding pipeline in place for both domestic and international markets.Transrail Lighting has proven again to be in a very strong position within the EPC market, continuing to strengthen its grasp on the rapidly growing T&D market. Furthermore, their ability to win large contract awards is further evidence of their competitive strength and market leadership. Linde India EGM is set for March 5 as the company seeks shareholder approval for material related-party transactions (RPTs) with Praxair India for FY2025-26. The relocation follows one of the most important regulatory changes and is a sign that the company is sincere with market regulations.Image Credit: linde.in
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