3M India fixes dividend record date to July 17, 2026
3M India Limited corrected the dividend record date to July 17, 2026, and detailed TDS compliance for residents and non-residents under the new tax regime.
*this image is generated using AI for illustrative purposes only.
3M India Limited has corrected the record date for the payment of its recommended dividend to July 17, 2026. The company confirmed that the dividend will be payable to shareholders whose names appear in its records on this date, subject to approval at the 39th Annual General Meeting scheduled for August 26, 2026. The correction follows a previous communication that had inadvertently stated the record date as July 18, 2026.
The Board of Directors had previously recommended a final dividend of ₹160 and a special dividend of ₹346 per equity share of ₹10 each for the financial year 2025-26. If approved by shareholders, the dividend will be paid or dispatched within 30 days after the Annual General Meeting.
Pursuant to the amendments introduced in the Income-tax Act, 2025, effective from April 1, 2026, the company is required to withhold taxes on dividends paid to shareholders. The applicable tax rates vary based on the residential status and category of the shareholder. For resident individuals, no tax will be deducted if the total dividend during the tax year 2026-27 does not exceed ₹10,000.
Tax Rates for Resident Shareholders
The company specified the withholding tax rates for resident shareholders based on the status of their Permanent Account Number (PAN) and the availability of lower tax certificates.
| Particulars | Withholding Tax Rate | Declaration/Documents Required |
|---|---|---|
| Valid PAN updated with DP/RTA | 10% | Refer to instructions for nil/lower tax |
| No/Invalid/Inoperative PAN | 20% | Refer to instructions for nil/lower tax |
| Lower/Nil tax certificate u/s 395(1) | Rate specified in certificate | Copy of PAN and certificate |
Shareholders seeking nil or lower tax deduction must submit specific documents, such as Form 121 for individuals or self-declarations for entities like LIC, GIC, and Mutual Funds, along with adequate documentary evidence.
Tax Rates for Non-Resident Shareholders
For non-resident shareholders, the withholding tax rate is generally 20% plus surcharge and cess, or the tax treaty rate, whichever is beneficial. However, specific categories such as Category III AIFs in International Financial Services Centre are subject to a 10% rate plus surcharge and cess.
| Particulars | Withholding Tax Rate | Declaration/Documents Required |
|---|---|---|
| FIIs/FPIs/Non-residents | 20% or treaty rate | PAN, self-declaration, Tax Residency Certificate, Form 41 |
| Category III AIF (IFSC) | 10% | PAN, self-declaration, evidence of entity nature |
Shareholders must upload necessary documents, including Form 121, Tax Residency Certificates, and lower tax certificates, via the specified link on or before August 8, 2026. The company reserves the right to reject incomplete documents or apply higher tax rates without further communication.
Historical Stock Returns for 3M India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.72% | +0.16% | +5.61% | +6.56% | +12.61% | +46.59% |
How might the new Income-tax Act amendments impact foreign investor appetite for 3M India stock given the increased compliance requirements?
Will the significant total dividend payout of ₹506 per share constrain 3M India's capital expenditure plans for the upcoming fiscal year?
Could the discrepancy in the record date announcement trigger increased regulatory scrutiny regarding the company's internal governance protocols?
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