Management Change22 May 2026, 02:58 pm
3M India: Radhika Rajan Retires, Kavita Nair Appointed Director
AI Summary
3M India Ltd announced the retirement of Independent Director Radhika Rajan on May 26, 2026, after completing her second term. The Board appointed Kavita Nair as an Additional Director, categorized as a Non-Executive and Independent Director, effective May 27, 2026, for a five-year term, subject to shareholder approval. Dwarakanath Ranganath Mavinakere was appointed as the Chairman of the Board from May 27, 2026. The board also approved the audited financial results for FY26 and recommended a dividend of ₹506 per share.
Key Highlights
- Radhika Rajan retires as Independent Director on May 26, 2026.
- Kavita Nair appointed as Additional Director, effective May 27, 2026.
- Dwarakanath Ranganath Mavinakere appointed Chairman of the Board from May 27, 2026.
- Board recommends a dividend of ₹506 per share for FY26, subject to shareholder approval.
- Record date for dividend entitlement fixed as July 17, 2026.
Price Impact
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