3M India Limited has informed the Exchange about General Updates on Tax Litigations
3MINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
3M India has received the final settlement order (Form 4, dated November 4, 2025) from the Principal Commissioner of Income Tax, Bengaluru, under the Direct Tax Vivad Se Vishwas Scheme, 2024, resolving its tax dispute for FY 2008-09. As part of the settlement, the company is entitled to a refund of Rs 2.28 Crores. This is part of a broader exercise by the company to settle open tax litigations for the period FY 2004-05 to FY 2013-14. The company has stated there is no material impact on its operations or financial position from this particular settlement.
This is a neutral-to-marginal positive for shareholders — a long-pending tax dispute has been closed, and the company will receive a small refund of Rs 2.28 Crores. The amount is not significant relative to the company's size, and management has confirmed no material impact on operations.