3M India Limited has received an Environmental, Social and Governance (ESG) rating of 77 from CFC Finlease Private Limited. This score places the company in the "Very Good" category, corresponding to a Grade B+ assessment.

The rating was assigned by CFC Finlease via an email received by the company on October 6, 2026. It is important to note that 3M India did not engage CFC Finlease for this evaluation. The report was prepared independently by the rating agency using data available in the public domain.

Rating details and methodology

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026. The company stated that the intimation is also being uploaded to its official website for public access.

What the numbers show

The assignment of a Grade B+ (Score 77) without direct corporate engagement suggests that 3M India's publicly disclosed sustainability metrics are sufficiently robust to withstand independent scrutiny. For analysts, this indicates that the company's transparency in public filings aligns with or exceeds the thresholds required for a "Very Good" classification by third-party assessors, potentially reducing information asymmetry for investors relying on non-financial data.

3M India Limited shareholders approved all seven resolutions proposed at its 39th Annual General Meeting held on August 26, 2026, via video conferencing and other audiovisual means.

The company disclosed that Agenda Items 1 through 7 were passed by the requisite majority, as confirmed in the scrutinizer’s report filed with stock exchanges on August 27, 2026. The meeting adhered to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Participation

A total of 313 members cast votes through remote e-voting, while 11 members voted electronically during the virtual meeting. The voting process was managed by Central Depository Services (India) Limited (CDSL). Remote e-voting was open from August 23 to August 25, 2026. The record date for eligibility was August 19, 2026.

Promoter and Promoter Group entities held 8,448,802 shares and participated fully via e-voting. Public institutional investors held 1,316,490 shares, while public non-institutional investors held 1,499,778 shares.

Key Resolutions Passed

The ordinary business included the adoption of financial statements for FY26 and the declaration of dividends. Shareholders also approved the re-appointment of Ms. Jung Hyun Kim as a director retiring by rotation.

Special business items included:

• Appointment of Ms. Kavita Nair as a Non-Executive and Independent Director.
• Approval of remuneration for Non-Executive Independent Directors for five financial years starting April 1, 2026.

The company also ratified the remuneration payable to Messrs. Rao, Murthy & Associates as Cost Auditors for FY27. Additionally, statutory auditors were appointed for a first term of five years.

What the Numbers Show

Voting data reveals a distinct divergence between promoter/institutional support and retail dissent on specific governance matters. While promoters voted unanimously in favor of all resolutions, non-institutional public shareholders registered dissent votes ranging from 0.03% to 1.91% across various agenda items. The highest dissent rate among this group appeared in the appointment of the new independent director, where 2.83% of polled votes from non-institutional shareholders were against the resolution. This suggests active engagement from retail investors on board composition changes, despite overall approval.