Cummins India Ltd

Key Update

• Penalty order of Rs 95,25,757 under IT Act 270A for AY 2018-19.
• Company evaluating remedies, including filing an appeal before the Appellate Authority.
• Date of receipt of order: September 29, 2026.
• Penalty arising from an underlying adjustment; no material impact on finances.

Meeting Details

• Board meeting scheduled for November 4, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter and half year ending September 30, 2026.

Other Notes

• Intimation uploaded on company website.

Dividend withholding due to KYC non-compliance

• Final dividend for FY2025-26 of Rs 46 per share is withheld for non-KYC folios.
• Dividend payments are now electronic only for KYC-compliant folios per SEBI rules.
• AGM held on 6 August 2026; dividend declared but withheld due to KYC issues.
• Physical folios must submit ISR-1/ISR-2; demat folios update with DP; RTA MUFG Intime processes.
• Dividend will be released electronically after successful KYC updation against the folio.
• A copy of the communication is enclosed and posted on the company website.
• Details: dividend per share Rs 46; status withheld; reason: KYC/bank details not updated.

Resolution summary

• Purpose: approve payment of commission to non-executive independent directors (Ordinary Resolution).
• Term: five-year period from Apr 1, 2026 to Mar 31, 2031.
• Ceiling: up to 1% of net profits per annum.
• In loss years, commission may be paid as Board decides, within Schedule V.
• In addition to sitting fees and expenses.
• No government or CG approval required.

Product launches and portfolio

• Launch of QSK60-powered G34 and G37 gensets, expanding Cummins India's power portfolio.
• CPCB IV+ compliant 125 kVA generator showcased to address regulatory needs.
• Aftermarket portfolio highlighted: Vigilar, DATUM D, DATUM X, DGBLUE, Fuel Sure Kit, N-GinnX, batteries, Dual Fuel Kits, BESS.
• Lifecycle support focus with uptime, performance optimization, and long-term value via connected tech and energy solutions.
• Target segments include data centers, commercial buildings, manufacturing, and critical infrastructure.

Event participation

• Announces participation in bauma CONEXPO India 2026, Sep 15–18, Greater Noida.
• Showcases integrated portfolio across power generation, distribution, energy storage and aftermarket.
• Focus on reliability, efficiency, uptime and lifecycle value for customers.

Appointment: VP - Distribution Business

• Change type: Appointment as Vice President - Distribution Business.
• Name and designation affected: Ms. Avanthi Rao, Vice President - Distribution Business; Senior Management Personnel.
• Effective date and term: Effective Oct 01, 2026; full-time employment.
• Reason for change: Recommendation of the Nomination and Remuneration Committee.
• Brief profile: Head of Cummins Components and Software (CCS) Business.
• Joined Cummins in 2010; MBA in Finance; BTech in Mechanical Engineering.
• Former leadership roles in Cummins Turbo Technologies (CTT) and Cummins Engine Components (CEC).
• Not related to any Director.