3M India Kong Sau Wai Elizabeth resigns
3M India (3MINDIA) said Kong Sau Wai Elizabeth has resigned; and Chun Hao Lok has been appointed; and Elizabeth Kong has resigned. The company is valued at about ₹32,483 crore.
What happened
In a filing with the BSE on 6 November 2026 at 12:41 PM, 3M India (3MINDIA) said that Kong Sau Wai Elizabeth has resigned; and Chun Hao Lok has been appointed; and Elizabeth Kong has resigned.
From the filing: "The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has: (a) Appointed Mr."
Company snapshot
3M India is a mid-cap company in the Diversified sector, with a market value of about ₹32,483 crore.
The stock last traded at ₹28,835, against a 52-week range of ₹28,485–₹38,030 (24.2% below the high).
Before this filing the shares had moved −5.2% over the month and −19.3% over three months. Average daily turnover over the last 20 sessions was about ₹10.4 crore.
Promoters held 75.00% at the end of Q1 FY27. Foreign institutions owned 3.50% and domestic institutions 8.16%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,196 | 177.7 | 157.73 |
| Q2 FY26 | 1,266 | 191.3 | 339.7 |
| Q3 FY26 | 1,228 | -62.1 | -55.09 |
| Q4 FY26 | 1,399 | 215.3 | 191.16 |
| Q1 FY27 | 1,423 | 233.1 | 206.9 |
What history shows
This is not the company's first management change disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 1.6% on average the next trading day and was up 0.7% on average after five days (2 filings with price data).
Across 9 similar disclosures by other Diversified companies, shares moved +0.8% on average the next day and +0.1% over five days; 67% of them rose the next day.
Market-wide, 4,295 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 45% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 21 Oct 2026 | Resignation of Non Executive & Non Independent Director | −1.1% | −4.3% |
| 26 Jun 2026 | Sale Of Land And Building - Intimation Under Regulation 30 Of The… | −2.0% | +5.6% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 6 November 2026: Board meeting — Financial Results/Other business matters.
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.