AGM Proceedings Details
The 39th Annual General Meeting of 3M India Limited was held on Wednesday, August 26, 2026, through Video Conferencing/Other Audio-Visual Means. The meeting commenced at 10:36 a.m. IST (delayed from scheduled 10:30 a.m. due to lack of quorum initially) and concluded at 12:17 p.m. IST. Total 41 members were present for the meeting.
Mr. M. D. Ranganath occupied the Chair as Chairman. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.
Resolutions Approved
The following seven resolutions were considered and approved at the AGM:
Ordinary Business:
1. Adoption of Financial Statements for the financial year ended March 31, 2026 (Ordinary Resolution)
2. Declaration of Dividend for the financial year ended March 31, 2026 (Ordinary Resolution)
3. Re-appointment of Ms. Jung Hyun Kim (DIN: 10954275) who retires by rotation, as a Director (Ordinary Resolution)
4. Appointment of Statutory Auditors of the Company for a first term of five (5) years and fixing their remuneration (Ordinary Resolution)
Special Business:
5. Appointment of Ms. Kavita Nair (DIN: 07771200) as a Non-Executive and Independent Director of the Company (Special Resolution)
6. Payment of remuneration by way of commission to Non-Executive Independent Directors of the Company for five (5) financial years commencing from the financial year April 1, 2026 (Special Resolution)
7. Ratification of remuneration payable to Messrs. Rao, Murthy & Associates, Cost Auditors for FY 26-27 (Ordinary Resolution)
Financial Performance Highlights (FY 2025-26)
- Revenue from operations: ₹5,089.8 crores, increased by 14.5% from ₹4,445.6 crores in previous financial year
- Profit After Tax: ₹522.3 crores, increased by 9.7% from ₹476 crores in previous financial year
- All four business groups showed double-digit revenue growth
Dividend Declaration
The Board recommended for shareholder approval a total dividend of ₹506 per equity share, comprising:
- Final dividend: ₹160 per equity share
- Special dividend: ₹346 per equity share
Business Segment Performance (Revenue Mix)
- Transportation & Electronics: 38% of revenue (10.1% growth)
- Safety and Industrial: 33% of revenue (16% growth)
- Healthcare: 19% of revenue (17.5% growth)
- Consumer: 10% of revenue (15.6% growth)
Board Composition Changes
- Ms. Radhika Rajan retired in May 2026 after 10 years on the Board, including one year as Chairperson
- Mr. Ramesh Ramadurai, Managing Director and Board member, retired in May 2026 after 36 years of service
- Mr. M.D. Ranganath appointed as Chairman of the Board effective May 27, 2026
- Ms. Kavita Nair appointed as Independent Director effective May 27, 2026
ESG and Sustainability Initiatives
- Company published its fourth Business Responsibility and Sustainability Report (BRSR) for FY 25-26
- Enhanced BRSR efforts by broadening coverage across Core parameters
- Intertek India served as assurance partner for BRSR Core disclosures
- Employee volunteering program "Together We Give" continued
- Focus on environmental initiatives including water circularity and energy efficiency
Market Context and Outlook
- Indian industrial sector grew by 7% in first half of 2025-26 vs 6.1% in corresponding period previous year
- India's real GDP grew 8.2% in Q2 FY 2025-26
- Company sees opportunities in manufacturing (consumer electronics, semiconductors, renewable energy), infrastructure (roads, railways, metros, airports), and automotive sectors
- Exports are minimal with negligible direct impact from global tariffs, but potential indirect impact through customers
Voting and Documentation
- E-voting facility provided for all resolutions
- Mr. Vijayakrishna K.T appointed as Scrutinizer for e-voting process
- E-voting results and consolidated Scrutinizer's Report to be informed to Stock Exchanges and placed on company website and CDSL
- Chairman's Speech and Managing Director's Speech enclosed with the filing
#Tags: #3MIndia #AGM #Dividend #SEBIDisclosure #FinancialResults #Positive