3M India Limited ’s Board has approved the sale of a non-operational land parcel and buildings in Pune for an aggregate consideration of ₹82 Crores. The transaction involves the sale of land admeasuring approximately 4.13 acres along with buildings having a built-up area of approximately 8,001 sq meters situated at Pimpri, Taluka Haveli, District Pune, Maharashtra. The sale is expected to be completed on or about June 29, 2026, upon the execution of definitive agreements.

The Board of Directors approved the transaction on June 26, 2026. The definitive agreement for sale will be executed separately. The proposed transaction does not relate to the sale or disposal of any undertaking, and therefore, disclosures regarding turnover or income contribution are not applicable.

The purchaser, Ranjangaon Bio Projects & Infra LLP (LLPIN: AAM2814), has its registered office at Office No. 201, Global Square, Deccan College Road, Yerwada, Pune 411006. The company confirmed that the purchaser does not belong to the Promoter, Promoter Group, or Group Companies of 3M India Limited. The transaction is not a Related Party Transaction and is not part of any Scheme of Arrangement.

Transaction Details

3M Company, the promoter of 3m india , has confirmed that it did not create any encumbrance on its shareholdings during the financial year ended March 31, 2026. This declaration covers 84,48,802 equity shares of face value ₹10 each, held directly or indirectly along with persons acting in concert. The confirmation ensures that the promoter's stake remains unencumbered, providing clarity to shareholders regarding the status of these holdings.

The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Thomas L. Osteraas, Assistant Secretary at 3M Company, authorized the submission of the declaration. The document was formally signed on April 6, 2026, in St. Paul, Minnesota, USA.

Shareholding Details

The declaration pertains to the specific shareholding pattern of the promoter in the target company. The details of the shares covered under this non-encumbrance declaration are outlined below:

Regulatory Compliance

The filing serves as a formal compliance mechanism mandated by the market regulator for promoters of listed entities. By confirming the absence of encumbrance, 3M Company has adhered to the procedural requirements set forth under the SEBI (SAST) Regulations. The authorization for submission was extended to Mr. Pratap Rudra Bhuvanagiri or, in his absence, Mr. Vilas Kuradikeri, to act as representatives for 3M Company before the exchanges.