3m india reported a 14.49% increase in revenue from operations to ₹5,089.76 crores for the financial year ended March 31, 2026, up from ₹4,445.56 crores in the previous year. The growth was broad-based, with the Safety and Industrial business leading at 16.00%, followed by Healthcare at 17.49%, Consumer at 15.57%, and Transportation & Electronics at 10.08%. This robust top-line expansion underscores the company’s strong market position amid resilient domestic demand and strategic investments in localization and innovation.

The Board of Directors recommended a total dividend of ₹506 per equity share, comprising a final dividend of ₹160 and a special dividend of ₹346. The payout reflects the company’s strong cash generation and commitment to returning value to shareholders. The dividend is payable to shareholders whose names appear in the Register of Members as of July 17, 2026. The 39th Annual General Meeting (AGM) will be held on August 26, 2026, via Video Conferencing or Other Audio-Visual Means.

Financial Performance Highlights

Profit before tax (PBT) rose by 15.60% to ₹894.03 crores from ₹773.41 crores in FY25. Profit after tax (PAT) increased by 9.71% to ₹522.32 crores, compared to ₹476.07 crores in the prior year. The operating margin improved to 20.13% from 18.60%, driven by disciplined cost management and favorable product mix. Export sales surged by 111.73% to ₹50.37 crores, benefiting from higher global demand.

Governance and Auditor Changes

The AGM agenda includes the appointment of Messrs. Price Waterhouse & Co Chartered Accountants LLP as statutory auditors for a five-year term, succeeding Messrs. B S R & Co. LLP which completes its maximum permissible tenure. The proposed remuneration for FY26-27 is ₹1.31 crores. Additionally, shareholders will vote on the appointment of Ms. Kavita Nair as an Independent Director and the re-appointment of Ms. Jung Hyun Kim as a Director by rotation.

What the Numbers Show

The simultaneous declaration of a substantial special dividend alongside double-digit revenue growth indicates significant surplus liquidity. The improvement in operating margins despite rising employee costs (which increased to 9.37% of sales from 9.69%) highlights effective operational leverage. The transition of statutory auditors marks a routine governance refresh, ensuring continued independent oversight as the company scales its operations in key sectors like healthcare and industrial safety.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE470A01017/897d2054-3369-4eee-968c-c3e01adaade2.pdf

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.

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.

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.