3M India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 26, 2025
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 issued the notice for its 38th AGM, scheduled for Tuesday, August 26, 2025 at 10:30 AM via video conferencing. Shareholders will consider adoption of FY25 audited financials and declaration of a final dividend of ₹160 plus a special dividend of ₹375 per share (total ₹535 per share of face value ₹10). The meeting will also seek approval for material related party transactions with parent 3M Company, USA (which holds 75% stake) up to ₹763 crore, and royalty payments up to ₹97 crore for the period until the next AGM. Other items include re-appointment of Ms. Kong Sau Wai Elizabeth (Non-Executive Director) who retires by rotation, appointment of V Sreedharan & Associates as Secretarial Auditor for a 5-year term from April 1, 2025, and ratification of cost auditor remuneration of ₹5.75 lakh for FY26. The e-voting window runs from August 23 to August 25, 2025, with cut-off date of August 18, 2025.
Shareholders receive a combined dividend of ₹535 per share (₹160 regular + ₹375 special), reflecting strong FY25 performance and commitment to returning cash. The proposed ₹763 crore in related party transactions and ₹97 crore royalty to the US parent represent roughly 19% of revenue, requiring shareholder approval but described as arm's length and essential for accessing 3M's global technology and brand.