3MINDIA2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member 3MINDIA2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 3MINDIA 2020-04-01 2021-03-31 2021-01-27 INR Lakhs Third quarter Single segment Single segment 2020-10-01 2020-12-31 Unaudited Standalone 6837834000.00 64944000.00 6902778000.00 2929675000.00 1208213000.00 -16991000.00 936099000.00 8591000.00 151997000.00 971807000.00 6189391000.00 713387000.00 0.00 713387000.00 234878000.00 -48242000.00 186636000.00 0.00 526751000.00 0.00 0.00 0.00 0.00 526751000.00 -9355000.00 517396000.00 0.00 0.00 112651000.00 10 46.75 46.75 0.00 0.00 46.75 46.75 0.00 0.00 0.00 1.tThe above standalone financial results of 3M India Limited have been reviewed by the Audit Committee and approved by the Board of Directors on 10 February 2021. The statutory auditors have reviewed these results for the quarter ended 31 December 2020 and have issued an unmodified report. n n2.tThe financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standard) Rules 2015, as amended and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. n n3.tIn accordance with Ind AS 108, Operating segments, segment information has been provided in the unaudited consolidated financial results of the Company and therefore no separate disclosure on segment information is given in these unaudited standalone financial results. n n4.tIn March 2020, the World Health Organization declared COVID 19 to be a Pandemic. The Company adopted measures to curb the spread of infection in order to protect the health of its employees and ensure business continuity with minimal disruption. The Company's operations and the financial results for the quarter ended and nine months ended December 31, 2020 have been adversely impacted by the outbreak of Covid-19 pandemic and the consequent lockdown announced by the Government of India due to which the operations were suspended for part of the nine months and gradually resumed with requisite precautions as per the directives issued by Government of India from time to time. n nThe Company has evaluated the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of its assets and its internal financial controls. The Company is continuously monitoring the developments and possible effects that may result from the current pandemic on its financial condition, liquidity and operations and is actively working to minimise the impact of this unprecedented situation. As the situation is still continuously evolving, the eventual impact may be different from the estimates made as of the date of approval of these financial results. n nDuring the year ended 31 March 2020, based on the assessment the Company recorded an impairment of Rs. 7,990 lakhs, given the impact of the COVID -19 pandemic on the current and future operations of the subsidiary, which is included in other expenses. n n5.tThe Board of Directors of the Company and 3M Electro & Communication India Private Limited (3M E&C), at their Meetings held on 13 November 2019 had approved the Scheme of Amalgamation (‘the Scheme’) of 3M E&C (‘Transferor Company’) with the Company under Section 233 of the Companies Act, 2013. The Appointed Date fixed under the Scheme was 1 April 2019. The Company sought approvals from Members and Creditors under Section 233(1)(b) of the Companies Act, 2013 by Special Resolutions through Postal Ballot notice dated 21 January 2020. The results of the voting by Postal Ballot were announced on 28 February 2020. Based on the opinion from the counsel, the Company has now made an application with the jurisdictional Regional Director for the approval of the Scheme. Additional information sought by the Regional Director has been submitted and the Company awaits the hearing date. Single segment 2020-04-01 2020-12-31 Unaudited Standalone 16511302000.00 196395000.00 16707697000.00 5960954000.00 3593971000.00 511704000.00 2504406000.00 21336000.00 458410000.00 2522647000.00 15573428000.00 1134269000.00 0.00 1134269000.00 360440000.00 -62312000.00 298128000.00 0.00 836141000.00 0.00 0.00 0.00 0.00 836141000.00 -28065000.00 808076000.00 0.00 0.00 112651000.00 10 74.22 74.22 0.00 0.00 74.22 74.22 0.00 0.00 0.00 Other Expenses 971807000.00 Other Expenses 2522647000.00