3M India Limited has announced the appointment of M.D. Ranganath as an Independent Director, effective February 2, 2026. This decision was made during the Board of Directors meeting held on November 3, 2025. Ranganath, categorized as a Non-Executive Independent Director, will serve a term of five consecutive years, pending shareholder approval. He meets the independence criteria set forth by the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is not barred from holding office by any regulatory authority.

In the same meeting, the Board approved the un-audited financial results for the quarter and half-year ending September 30, 2025, along with the Limited Review Report by the Statutory Auditors. The financial results will be published in newspapers and on the company’s website as per regulatory requirements. Furthermore, the Board recommended the appointment of Price Waterhouse & Co Chartered Accountants LLP as the new Statutory Auditors for a five-year term, replacing the retiring auditors, B S R & Co. LLP, at the conclusion of the upcoming 39th Annual General Meeting in 2026.

Additionally, 3M India noted that its parent company, 3M Company, USA, has entered an agreement to sell its Precision Grinding & Finishing (PG&F) business to Nimbus, a Europe-based private equity firm. This transaction is expected to close in the first half of 2026, subject to customary closing conditions. Notably, the PG&F business contributed less than 1% of 3M India’s revenue in the fiscal year 2024-25, highlighting the limited impact on the Indian operations. The company is currently assessing the potential implications of this global transaction on its local business.