3M India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
3MINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3M India announced the results of a postal ballot concluded on March 26, 2026, with all six resolutions passed by the required majority. Key resolutions included the appointment of Mr. Dwarakanath Ranganath Mavinakere as a Non-Executive and Independent Director, and the appointment of Mr. Aseem Kuldip Joshi as both Director and Managing Director of the company. Additionally, shareholders approved material related party transactions and royalty payments involving 3M Company, USA and 3M Innovation Singapore. Voting was strong across all resolutions, with approval ranging from 98.40% (MD appointment) to nearly 100% (board appointments and RPTs). The promoter group did not vote on RPT-related resolutions due to their interest in those matters, while public institutions showed a 12.3% dissent on the MD remuneration resolution.
The appointment of a new Managing Director and an additional Independent Director strengthens the company's leadership and board oversight, while approval of RPTs and royalty payments to the 3M parent ensures continued operational and licensing arrangements with the global group. The MD remuneration resolution saw meaningful institutional dissent, which investors may want to monitor, though overall passage was comfortable.