3M India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both BSE Limited and National Stock Exchange of India Limited on April 2, 2026.

Regulatory Compliance Filing

The compliance certificate was issued by KFin Technologies Limited, which serves as the Registrar to Issue and Share Transfer Agent for 3M India Limited. The certificate confirms that all required details of securities dematerialized and rematerialized during the quarter have been properly furnished to the stock exchanges.

Certificate Submission Details

The compliance certificate was submitted to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Ganesh Chandra Patro, Deputy Vice President at KFin Technologies Limited, signed the certificates on behalf of the registrar.

Company Authorization

Pratap Rudra Bhuvanagiri, Company Secretary and Compliance Officer of 3M India Limited, digitally signed and authorized the submission of the compliance certificate. The document was processed from the company's corporate office located at 5th Floor Marksquare, 61, St Marks Road, Bengaluru.

Regulatory Framework

Under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, companies are required to submit quarterly compliance certificates through their registrar and transfer agents. This ensures transparency in the dematerialization and rematerialization process of securities and maintains proper records with stock exchanges where the company's shares are traded.

3M India has officially announced its strategic decision to exit the Precision Grinding & Finishing (PG&F) business segment, marking a significant shift in the company's operational focus in the Indian market. This move comes as a direct result of the parent company 3M's global sale of its PG&F division to Nimbus, a Europe-based private equity firm focused on developing medium-sized industrial enterprises.

Official Regulatory Disclosure

In a formal communication to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015, the company provided comprehensive details about the business exit. The disclosure, signed by Company Secretary & Compliance Officer Pratap Rudra Bhuvanagiri, outlined the timeline and operational implications of this strategic decision.

Business Performance and Structure

The PG&F business operations in India represent a relatively modest segment of the company's portfolio. Key operational metrics highlight the scale and nature of this business segment:

Transition Support Framework

To ensure business continuity for existing customers, 3M India will provide structured post-closing support through a Transition Distribution Services Agreement. This arrangement demonstrates the company's commitment to maintaining customer relationships during the transition period.

Strategic Realignment

This exit represents part of 3M's broader global strategy to streamline its business portfolio and focus on core competencies. The sale of the PG&F division to Nimbus at the global level has necessitated corresponding changes in regional operations, including the Indian subsidiary. The company had earlier disclosed in November 2025 that 3M Company, USA entered into the agreement with Nimbus in September 2025.

Operational Impact

The cessation of PG&F operations will affect 3M India's product portfolio, though the relatively small scale of the business suggests minimal impact on overall operations. With only two employees supporting this trading operation and annual sales of INR 26.00 crore, the exit represents a focused divestiture rather than a major operational restructuring. All PG&F related operations in India will cease upon the global closing, except for the limited transitional support activities.