3M India resolves tax disputes, secures ₹2.53 crore refund for FY 2007-08

3M India Limited announced on September 2, 2025, that it has received a Certificate in Form 2 for the financial year (FY) 2007-08 from the principal commissioner of income tax, Bengaluru – 2. This follows the company's decision to opt for the “Direct Tax Vivad Se Vishwas Scheme, 2024” to settle various income tax litigations. The company initiated the process to settle tax disputes for the period ranging from FY 2004-05 to FY 2013-14.

Following the acceptance of its application, the principal commissioner of income tax determined that a tax refund of ₹2.53 crore is due to 3M India for FY 2007-08, after adjusting for any amounts previously paid against the tax arrears. This resolution is not expected to have a material impact on the company's operations or activities. The final order in Form 4 is anticipated to follow.

The company also noted that Form 2 certificates for FY 2004-05, 2006-07, 2009-10, 2010-11, 2011-12, 2012-13, and 2013-14 were received earlier and communicated to the exchanges. The application for FY 2008-09 remains under review by the designated authority.