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.

3M India reported a 14.5% year-on-year rise in revenue to ₹5,089.8 crore for the financial year ended March 31, 2026. Net profit after tax increased by 9.7% to ₹522.3 crore, reflecting strong performance across its four business segments. The company’s Board of Directors recommended a total dividend of ₹506 per equity share for shareholder approval.

The 39th Annual General Meeting was held on August 26, 2026, via video conferencing. Mr. M. D. Ranganath, who assumed the role of Chairman in May 2026, presided over the proceedings. Mr. Aseem Joshi, the Managing Director, presented the business update, highlighting accelerated growth compared to the previous fiscal year.

Financial Performance

Revenue from operations stood at ₹5,089.8 crore, up from ₹4,445.6 crore in the prior year. Profit After Tax (PAT) grew to ₹522.3 crore from ₹476 crore. Pre-tax profit (after exceptional items) saw a sharper increase of 15.6%.

Segment Growth

All four business groups delivered double-digit growth. Healthcare led with a 17.5% increase, followed by Safety and Industrial at 16%, Consumer at 15.6%, and Transportation & Electronics at 10.1%.

The revenue mix was dominated by Transportation & Electronics at 38%, followed by Safety and Industrial (33%), Healthcare (19%), and Consumer (10%).

What the Numbers Show

Profit Before Tax expanded faster than revenue, indicating operational leverage or favorable cost dynamics during the period. While top-line growth accelerated from 6.1% in FY25 to 14.5% in FY26, the divergence between the 15.6% PBT growth and 9.7% PAT growth suggests tax or exceptional item impacts on the bottom line, though specific tax rates were not disclosed in the meeting summary.

Dividend and Governance

The Board recommended a final dividend of ₹160 per share and a special dividend of ₹346 per share. Total payout stands at ₹506 per equity share.

Governance changes included the appointment of Ms. Kavita Nair as an Independent Director and the re-appointment of Ms. Jung Hyun Kim by rotation. Statutory auditors were appointed for a five-year term. The outgoing Chairperson, Ms. Radhika Rajan, and former Managing Director Mr. Ramesh Ramadurai retired in May 2026.