Appointment of Secretarial Auditor
Awaiting price reaction for this filing.
3M India's Board approved audited FY25 results with revenue from operations rising 6% YoY to Rs. 4,446 crores, while net profit fell 18% YoY to Rs. 476 crores, dragged down by a one-time tax expense of about Rs. 98.9 crores booked under the Direct Tax Vivad Se Vishwas Scheme for settling past disputes (2004-05 to 2013-14). Q4 FY25 revenue grew 9% YoY to Rs. 1,198 crores but PAT dropped 60% YoY to Rs. 71 crores due to the same tax hit. The Board recommended a total dividend of Rs. 535 per share (Rs. 160 final + Rs. 375 special), subject to shareholder approval at the 38th AGM on August 26, 2025, with July 25, 2025 set as the record date. Statutory auditors B S R & Co. LLP gave an unmodified opinion. The Board also appointed V. Sreedharan & Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30).
The headline profit decline looks worse than the underlying business, which posted healthy 6% revenue growth; the dip is largely a one-time tax settlement charge. Shareholders get a bumper total dividend of Rs. 535 per share, and governance continuity is maintained with a new secretarial auditor appointment.