3M India Limited’s Board of Directors met on November 6, 2026, to transact key business items. The board approved the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, the board appointed Mr. Chun Hao Lok as an Additional Director, effective November 7, 2026, and accepted the resignation of Ms. Kong Sau Wai Elizabeth as Director, effective November 6, 2026. The board also approved the commencement of a postal ballot process for shareholder approval of Mr. Lok’s appointment and reconstructed board committees.
3M India Board Approves Financial Results and Director Changes
On November 6, 2026, the Board of Directors of 3M India Limited convened for a significant meeting, addressing crucial corporate matters. The primary outcome was the approval of the company’s unaudited financial results for the quarter and half-year period concluding on September 30, 2026. These results were subsequently signed by Mr. Jayanand Kaginalkar, Whole-time Director.
New Director Appointment and Resignation
In a key governance move, the board appointed Mr. Chun Hao Lok (DIN: 12029181) as an Additional Director. He will serve as a Non-Executive, Non-Independent Director, with his tenure commencing on November 7, 2026. Concurrently, the board acknowledged and accepted the resignation of Ms. Kong Sau Wai Elizabeth (DIN: 10879418) from her position as a Non-Executive, Non-Independent Director, effective November 6, 2026. Ms. Elizabeth is departing to pursue professional opportunities outside the 3M Group.
Shareholder Approval and Committee Reconstitution
To formalize Mr. Chun Hao Lok’s directorship, the Board approved the initiation of a Postal Ballot process to seek shareholder approval for his appointment. Following these changes, the Board also undertook a reconstruction of its committees, effective November 7, 2026, to reflect the new director composition. The specific committee changes include the Audit Committee, Stakeholders Relationship Committee, and Risk Management Committee.
Financial Highlights
The unaudited financial results for the quarter and six months ended September 30, 2026, reveal key figures. Total income from operations for the quarter stood at ₹1,463.66 crore, with a Net Profit after tax of ₹158.48 crore. For the six-month period, total income reached ₹2,898.51 crore, and Net Profit after tax was ₹391.55 crore. Basic Earnings Per Share (EPS) for the quarter was ₹140.60, and for the six months, it was ₹347.58.
Operational Updates
Press Release Annexure 4 highlights the Q2 FY26 performance, showing a 14.7% revenue growth year-on-year. Despite this growth, Profit Before Tax (PBT) declined by 15.3% year-on-year. All business segments, including Safety & Industrial, Transportation & Electronics, Health Care, and Consumer, registered revenue growth. The company also noted the impact of Indian Rupee depreciation and input cost inflation on its profit.
Other Significant Developments
In October 2026, 3M India approved amendments to its healthcare distribution relationship with Solventum, extending it until March 31, 2031. This move facilitates the transition of certain rights related to the Purification & Filtration portfolio. The company also provided an extract of the unaudited Statement of Assets and Liabilities as of September 30, 2026, and the Unaudited Statement of Cash Flows for the six months ended on the same date.
Source: BSE
