Postal Ballot Notice dated March 13, 2025- Evoting Result and Scrutinizer Report
Awaiting price reaction for this filing.
3M India Limited submitted the results of its postal ballot (remote e-voting) concluded on May 22, 2025, along with the Scrutinizer's Report dated May 23, 2025. Three ordinary resolutions were passed with overwhelming shareholder support: (1) appointment of Mr. Jayanand Vasudeorao Kaginalkar (DIN: 07904558) as a Director (99.84% in favour), (2) his appointment as a Whole-Time Director (99.23% in favour), and (3) appointment of Ms. Jung Hyun Kim (DIN: 10954275) as a Non-Executive and Non-Independent Director (99.86% in favour). A total of 354 shareholders voted, representing 86.58% of the company's equity (approximately 97.53 lakh shares out of 1.13 crore). The promoter group (3M), holding 84.49 lakh shares, voted 100% in favour of all three resolutions. Voting was open from April 23, 2025 to May 22, 2025.
Routine governance matter with very high shareholder approval; no material impact expected on the stock price. The new executive and non-executive director additions will strengthen the board going forward.