Outcome of Board Meeting held on 22 May 2026
3MINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3M India reported strong full-year FY26 results with revenue from operations of Rs. 5,089.76 crores, up 14.5% YoY. Net profit after tax stood at Rs. 522.32 crores, a 9.7% increase from Rs. 476.07 crores in the prior year. EPS for the year was Rs. 463.66 per share. The Board recommended a dividend of Rs. 506 per equity share (Rs. 160 final dividend + Rs. 346 special dividend), subject to shareholder approval at the August 2026 AGM with record date July 17, 2026. Leadership changes include Ms. Kavita Nair appointed as Independent Director from May 27, 2026, and Mr. M D Ranganath appointed as Chairman of the Board. Statutory auditors B S R & Co. LLP issued an unmodified (clean) audit opinion. Notable items include Rs. 171 crores tax expense related to an Advance Pricing Agreement and Rs. 34.33 crores exceptional charge for new labour code implementation.
Strong financial performance with 14.5% revenue growth and near-doubling of Q4 PAT (Rs. 215 crores vs Rs. 71 crores) signals robust business momentum. The generous Rs. 506 dividend payout is positive for shareholders. Leadership transition appears orderly with minimal disruption risk.