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3M India informs about outcome of board meeting

11 Dec 2023 Evaluate
3M India has informed that the Board of Directors of the Company at its Meeting held today i.e. December 11, 2023 (Monday) has transacted the following business items: The Board of Directors based on the recommendations of the Nomination and Remuneration Committee have approved the re-appointment of Ramesh Ramadurai (DIN: 07109252) as the Managing Director of the Company for a further period from February 13, 2024 to February 12, 2027 (categorized as Executive and Non- Independent Director) subject to the approval of the Members of the Company through Postal Ballot. Brief details of Ramesh Ramadurai are enclosed below as ‘Annexure- 1’. They affirmed that Ramesh Ramadurai who has been re-appointed is not debarred from holding the office of Director by virtue of any SEBI order or any such authority and is not related to any other Directors of the Company and does not hold any shares in the Company. The Board has approved a Postal Ballot Notice for re-appointment of Ramesh Ramadurai (DIN: 07109252) as the Managing Director of the Company for a further period from February 13, 2024 to February 12, 2027, to be sent to the Members of the Company whose names appear in the Register of Members / List of Beneficial owners as on December 11, 2023, being the cutoff date for sending Postal Ballot Notice to the Members who are entitled to e-voting as per the MCA/SEBI Circular. The Meeting commenced at 11.00 AM (IST) and concluded at 11.15 AM (IST).

The above information is a part of company’s filings submitted to BSE.

3M India Share Price

31548.55 121.50 (0.39%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2777.75
DCM Shriram 1200.00
3M India 31548.55
Hindustan Foods 496.85
Balmer Lawrie & Co 177.65
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