Intimation under Regulation 30 of SEBI (LODR) - Change in KMP of the Company
Awaiting price reaction for this filing.
3M India has completed a planned CFO transition. Mr. Nikhil Arora has assumed office as the new Chief Financial Officer and Key Managerial Personnel effective May 5, 2025. Mr. Prasad Balakrishnan, who had been serving as interim CFO since January 30, 2025, stepped down from the CFO and KMP roles effective end of day May 4, 2025. Mr. Balakrishnan will continue with the company in his existing role as Regional Finance Controller. The appointment of Mr. Arora had been previously intimated to the stock exchanges on March 13, 2025.
This is an orderly leadership transition from an interim to a permanent CFO, with no disruption expected. Shareholders should view this as a stabilization move rather than a negative event, as financial leadership continuity is maintained with Mr. Balakrishnan remaining in a senior finance role.