3M India Limited has informed the Exchange about General Updates Advance Pricing Agreementwith the Central Board of Direct Taxes
3MINDIA · price
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Awaiting price reaction for this filing.
3M India has signed and concluded an Advance Pricing Agreement (APA) with the CBDT on February 23, 2026. This agreement resolves transfer pricing related tax litigation matters covering nine financial years from 2014-15 to 2022-23. The company had originally filed the APA application on March 28, 2018, and had previously accepted the terms of the draft agreement. As a result of this resolution, 3M India has recorded a tax expense of Rs. 170.95 Crores in its Profit and Loss Account as of December 31, 2025.
The APA signing brings certainty to a long-pending tax matter spanning nearly a decade, removing future litigation risk on transfer pricing. However, the Rs. 170.95 Crore tax expense will reduce reported profits for the quarter ended December 31, 2025, and the stock may see short-term pressure due to the earnings hit.