3M India Ltd. Receives Form 2 under Direct Tax Vivad Se Vishwas Scheme, 2024 for FY 2008-09 with Rs. 2.28 Crores Tax Refund

3M India Ltd. has received the Certificate in Form 2 for the Financial Year (FY) 2008-09 from the Principal Commissioner of Income Tax, Bengaluru under the Direct Tax Vivad Se Vishwas Scheme, 2024. The Scheme was introduced by the Finance (No. 2) Act, 2024 to settle tax disputes. The Company had opted for the Scheme to settle open tax litigations for the period FY 2004-05 to FY 2013-14. The Principal Commissioner of Income Tax has issued the Certificate in Form 2, determining the amount payable / adjusted / refundable under the Scheme for FY 2008-09. After adjusting for any amounts already paid against the tax arrears, the tax refund due to the Company is determined to be Rs. 2.28 Crores. There is no material impact on the operations or activities of the Company with respect to the above.