3M India Limited has informed the Exchange about General Update on Tax Litigations
3MINDIA · price
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3M India has received the final settlement order (Form 4, dated 29 July 2025) from the Principal Commissioner of Income Tax, Bengaluru-2, for one of two tax disputes related to FY 2010-11 under the Direct Tax Vivad Se Vishwas Scheme, 2024. As a result of the settlement, the company is entitled to a refund of Rs 2.95 Crores. The company had previously opted for this government scheme to settle its open tax litigations spanning FY 2004-05 to FY 2013-14, and Form 2 certificates for both FY 2010-11 applications had already been shared with the exchanges. The company has confirmed that this settlement has no material impact on its operations or financial position.
This is a positive development for shareholders — 3M India will receive a Rs 2.95 Crore tax refund and closes one more legacy tax dispute, reducing future litigation risk with no negative impact on operations.