3M India promoter confirms no encumbrance on shares in FY26

1 min read     Updated on 20 Jun 2026, 08:37 AM
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Naman SScanX News Team
AI Summary

3M Company, the promoter of 3M India Limited, confirmed it has not encumbered its 84,48,802 equity shares during the financial year ended March 31, 2026. The declaration complies with Regulation 31(4) of the SEBI (SAST) Regulations, 2011, and was authorized by Thomas L. Osteraas, Assistant Secretary of 3M Company.

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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:

Parameter Details
Promoter Name 3M Company
Target Company 3M India Limited
Number of Shares 84,48,802
Face Value ₹10
Financial Year Ended March 31, 2026

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.

Historical Stock Returns for 3M India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.38%+6.29%+4.48%-5.40%+13.54%+30.18%

Does this clean shareholding status signal potential strategic shifts or M&A activity for 3M India in the near future?

How might this confirmation of financial stability impact 3M India's credit ratings and cost of capital?

Could the unencumbered status pave the way for 3M to increase its stake through open market offers?

3M India sales rise 14.5% to ₹5,090 crore in FY26

1 min read     Updated on 28 May 2026, 09:57 AM
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3M India reported a 14.5% increase in sales to ₹5,090 crore for FY26, with PBT before exceptional items at ₹960 crore. PAT stood at ₹522 crore, while adjusted PAT excluding APA and VSV was ₹662 crore. The company's four business groups drove growth, with Healthcare leading at 17.5%.

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3M India reported a 14.5% increase in sales to ₹5,090 crore for the financial year 2025-26. The company disclosed its financial performance during an analyst and institutional investors meeting held on May 27, 2026, in Mumbai. The presentation was submitted to the exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Profit before tax (PBT) before exceptional items was ₹960 crore, representing 18.7% of sales and an increase of 1.6 percentage points year-over-year. After exceptional items, PBT stood at ₹894 crore, or 17.4% of sales. Profit after tax (PAT) was ₹522 crore, accounting for 10.2% of sales. Excluding prior year adjustments (APA) and very significant variances (VSV), PAT was ₹662 crore, or 12.9% of sales.

The company generated cash of ₹483 crore pre-dividend. Earnings per share (EPS) increased by 9.7% compared to the previous year to reach ₹463.66 per share. The exceptional items for the year included an APA of ₹139 crore and a VSV of ₹99 crore from the prior year.

Business Group Performance

Sales growth was driven by the company's four business groups. Transportation & Electronics reported sales of ₹1,846 crore with a 10.1% growth, holding a 36% sales mix. Safety & Industrial achieved sales of ₹1,640 crore, a 16% increase, with a 32% mix. Healthcare sales grew 17.5% to ₹1,017 crore, constituting 20% of the mix. The Consumer business recorded sales of ₹537 crore, a 15.6% increase, with an 11% mix.

Operational Highlights

3M India operates three manufacturing facilities, one R&D center, and two Customer Technical Centers. The company employed approximately 1,273 people. Management outlined strategies focusing on commercial excellence, local R&D capabilities, and strengthening the local supply chain to drive future growth.

Metric Value Growth/Mix
Sales ₹5,090 cr +14.5% vs. PY
PBT (Before Exceptional) ₹960 cr 18.7% of Sales
PAT ₹522 cr 10.2% of Sales
EPS ₹463.66/share +9.7% vs. PY

Historical Stock Returns for 3M India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.38%+6.29%+4.48%-5.40%+13.54%+30.18%

How will 3M India's focus on local R&D capabilities impact its product pipeline and competitive edge in the coming years?

What are the expected growth drivers for the Healthcare and Safety & Industrial segments given their strong performance this year?

How will the company manage exceptional items and prior year adjustments to stabilize profitability in future financial years?

More News on 3M India

1 Year Returns:+13.54%