3M India Limited has provided formal intimation regarding the cessation of Rajiv Gupta as Country Business Leader - Healthcare Business and Senior Management Personnel, effective April 30, 2026. This development follows the company's earlier announcement on April 16, 2026, about leadership changes in its healthcare division.

Cessation Details

Rajiv Gupta has formally communicated his decision to step down from his current position, effective from the close of business hours on April 30, 2026. In his resignation letter addressed to the Managing Director, Gupta stated that he will be taking up a new role within the 3M Group, necessitating his cessation as Country Business Leader - Healthcare Business and consequently as Senior Management Personnel of the company.

Leadership Transition Context

The cessation of Gupta follows the Board of Directors' approval of Jerry Daniel as the new Country Business Leader - Healthcare, effective May 1, 2026. Daniel, currently serving as Business Operations Leader - Transportation & Energy based in Pune, brings over a decade of experience within the 3M organization since 2013.

Regulatory Compliance

The intimation was made in compliance with Regulation 30 read with sub-para 7C of Para A of Part A Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal letter submitted by Rajiv Gupta has been enclosed as Annexure A to the regulatory filing.

The disclosure, dated April 23, 2026, was signed by Pratap Rudra Bhuvanagiri, Company Secretary & Compliance Officer, and communicated to both BSE Limited (Scrip Code: 523395) and National Stock Exchange of India Limited (Scrip Code: 3MINDIA). This communication serves as a continuation of the earlier disclosure dated April 16, 2026, regarding Gupta's transition.

3M India Ltd. executed a significant block trade on the National Stock Exchange (NSE), marking a notable institutional transaction in the company's shares. The trade represents substantial institutional activity in the stock.

Transaction Details

The block trade involved key parameters that highlight the scale of the institutional transaction:

Block Trade Significance

Block trades are large-volume transactions executed outside the regular market order book to minimize market impact. These transactions typically involve institutional investors, mutual funds, or other large stakeholders looking to buy or sell substantial quantities without affecting the stock's market price through regular trading mechanisms.

The execution price of ₹30,990.00 per share reflects the premium nature of 3M India's stock, indicating strong institutional interest in the company's shares. Such transactions often signal confidence from large investors in the company's fundamentals and growth prospects.

Market Implications

The completion of this block trade demonstrates active institutional participation in 3M India's stock. Block trades provide liquidity to large investors while ensuring minimal disruption to regular market trading patterns. The substantial transaction value of ₹15.59 crores underscores the significant capital movement in the stock.