3M India Limited has informed the Exchange about General Updates on Tax Litigations
3MINDIA · price
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Awaiting price reaction for this filing.
3M India has received the final settlement order (Form 4) dated August 26, 2025, from the Principal Commissioner of Income Tax, Bengaluru – 2, for resolving its tax dispute for FY 2012-13 under the government's Direct Tax Vivad Se Vishwas Scheme, 2024. The company had opted for this scheme to settle open tax litigations covering FY 2004-05 to FY 2013-14, and the aggregate tax of Rs 6.96 Crores under the scheme has already been paid. The company has stated that this settlement has no material impact on its operations or financial position. The disclosure is made under SEBI Listing Regulations, and no key management personnel are involved in the litigation.
This is a routine closure of a long-pending tax dispute through a government-facilitated settlement scheme. With Rs 6.96 Crores already paid and no material impact disclosed, shareholders are unlikely to see any significant effect on earnings or stock price. It actually brings closure to an old litigation, reducing future uncertainty.