3M India Limited’s Board of Directors convened on November 6, 2026, to approve the unaudited financial results for the quarter and half-year ended September 30, 2026. The board also appointed Mr. Chun Hao Lok as an Additional Director and noted the resignation of Ms. Kong Sau Wai Elizabeth. The company is proceeding with a postal ballot to seek shareholder approval for Mr. Lok’s appointment.
Board Meeting Highlights Key Financials and Governance Changes
On November 6, 2026, the Board of Directors of 3M India Limited convened to review and approve crucial financial and governance matters. The meeting resulted in the approval of the unaudited financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Report from the Statutory Auditors, were formally accepted.
New Director Appointed, Director Resigns
A significant governance change saw the appointment of Mr. Chun Hao Lok (DIN: 12029181) as an Additional Director, effective November 7, 2026. He has been categorized as a Non-Executive, Non-Independent Director. Concurrently, the Board accepted the resignation of Ms. Kong Sau Wai Elizabeth (DIN: 10879418) as a Director, also effective November 6, 2026, due to her decision to pursue opportunities outside the company.
Shareholder Approval and Committee Reorganization
Further to these appointments, the Board has approved the commencement of a Postal Ballot process to obtain shareholder approval for Mr. Chun Hao Lok’s directorship. In light of these changes, the Board committees have been reconstructed, effective November 7, 2026, impacting the Audit Committee, Stakeholders Relationship Committee, and Risk Management Committee memberships.
Financial Performance Overview
The unaudited financial results for the quarter and six months ended September 30, 2026, show total income from operations of ₹1,463.66 crore for the quarter, a notable increase from the previous year. Net profit after tax for the quarter stood at ₹158.48 crore. The half-yearly figures indicate total income of ₹2,898.51 crore and a net profit after tax of ₹391.55 crore.
Segment Performance and Outlook
In a press release accompanying the results, 3M India highlighted a 14.7% revenue growth in Q2 FY26 compared to the prior year, with all business segments contributing positively. However, Profit Before Tax (PBT) saw a 15.3% decline year-on-year. The company attributed the profit dip partly to the impact of Indian Rupee depreciation and input cost inflation. Management expressed optimism regarding continued sales momentum driven by commercial and innovation excellence.
Extended Healthcare Relationship
Additionally, the company announced amendments extending its healthcare distribution relationship with Solventum until March 31, 2031, subject to closing conditions. This extension aims to facilitate the transition of certain product rights and foster continued growth in the healthcare sector.
Source: BSE
