3M India fined for minor disclosure delay, blames technical glitch

3M India Limited received notices from BSE Limited and the National Stock Exchange of India Limited regarding a fine for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulation 23(9). The company incurred a fine of INR 5,000 (plus GST) from each exchange for a one-day delay in disclosing related party transactions for the half-year ended September 30, 2025. This delay was attributed to technical glitches encountered with the new Integrated XBRL filing utility.

The board of directors of 3M India Limited, at its meeting on December 23, 2025, noted the inadvertent nature of the delay and recommended filing stock exchange disclosures during working hours to allow for addressing technical issues. The company plans to apply for a waiver of the penalty as per its Policy for Exemption of Fines.

3M India stated that it does not foresee any financial or operational impact from the fine and remains committed to timely and complete compliance with all SEBI and stock exchange requirements. The total fine payable to each exchange, including GST, amounts to INR 5,900.