Awaiting price reaction for this filing.
3M India is correcting an error made in the covering letter of its earlier Board meeting outcome filed today. The Board had recommended a Final Dividend of Rs. 160 per share and a Special Dividend of Rs. 375 per share (total Rs. 535 on a Rs. 10 face value), for FY 2024-25, subject to shareholder approval. The covering letter had wrongly listed the Special Dividend as Rs. 535 instead of breaking it into Rs. 160 + Rs. 375. All other filings (Outcome of Board Meeting, Dividend, Corporate Action) already carry the correct figures. The 38th AGM is scheduled for August 26, 2025.
No change for shareholders — the total dividend payout of Rs. 535 per share is unchanged. The filing only rectifies a clerical/typographical error in how the Final and Special Dividend components were labelled, so there should be no material stock price impact.