Event Details

  • Event: 65th Annual General Meeting (AGM)
  • Date: Thursday, August 6, 2026
  • Time: 11:30 A.M. IST to 12:53 P.M. IST
  • Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without a physical venue, in compliance with MCA Circulars and the Companies Act, 2013.
  • Deemed Venue: The Registered Office of the Company at Cummins India Office Campus, Tower A, 5th Floor, Survey No. 21, Balewadi, Pune 411 045, Maharashtra.

Attendance

Directors Present:

  • Ms. Jennifer Mary Bush, Chairperson (Chaired the meeting)
  • Ms. Shveta Arya, Managing Director
  • Mr. Farokh N. Subedar, Independent Director
  • Mr. Sekhar Natarajan, Independent Director
  • Ms. Lira Goswami, Independent Director
  • Ms. Vibha Paul Rishi, Independent Director
  • Ms. Rekha, Independent Director
  • Mr. Donald Jackson, Non-Executive Director
  • Mr. Thierry Bruno Pimi Nouyeuwe, Non-Executive Director

Director Absent:

  • Mr. Cornelius O'Sullivan, Non-Executive Director (due to unavoidable circumstances)

Key Managerial Personnel Present:

  • Ms. Soma Ghosh, Chief Financial Officer
  • Ms. Vinaya Joshi, Company Secretary and Compliance Officer

Other Attendees:

  • Representatives from Statutory Auditors: M/s. Price Waterhouse & Co. Chartered Accountants LLP
  • Representatives from Secretarial Auditors: M/s. Makarand M. Joshi & Co.
  • Representatives from Cost Auditors: M/s. C S Adawadkar & Co. (for FY 2025-26) and M/s. Joshi Apte & Associates (for FY 2026-27)
  • Internal Auditor: Mr. Sanjay Deodhar

Proceedings Summary

The Chairperson confirmed the meeting had the requisite quorum as per Section 103 of the Companies Act, 2013, with member participation through VC counted towards quorum.

A presentation on the company's performance for FY 2025-26 was made by Managing Director Ms. Shveta Arya, covering key business highlights, financial performance, corporate responsibility, governance, awards, and recognitions.

The reports of the Board of Directors and Auditors were taken as read. The Statutory Auditor's Report contained no qualifications. The Secretarial Auditor's Report included an observation regarding a delay in compliance, for which the Board's explanation was provided in the Director's Report.

Voting Process

  • Remote e-voting was made available from August 2, 2026 (9:00 AM IST) to August 5, 2026 (5:00 PM IST).
  • E-voting was also available during the AGM and for 15 minutes after its conclusion for members who had not voted remotely.
  • M/s. Mehta & Mehta, Company Secretaries, Pune, were appointed as the Scrutinizer to supervise the e-voting process.
  • The results are to be declared and uploaded on the company's website and stock exchanges along with the scrutinizer's report.

Business Transacted

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with reports of the Board of Directors and Auditors.

2. Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2026, along with the report of the Auditors.

3. Declaration of a final dividend of ₹46 per equity share (face value ₹2 each) for FY 2025-26, confirming the payment of an interim dividend of ₹20 per share declared earlier. The total dividend for the year is ₹66 per share.

4. Re-appointment of Mr. Donald Jackson Gray (DIN: 08261104) as a Director, who retired by rotation.

5. Re-appointment of M/s. Price Waterhouse & Co. Chartered Accountants LLP as Statutory Auditors and authorization for the Board to fix their remuneration.

Special Business:

6. Ratification of remuneration payable to the Cost Auditor, M/s. Joshi Apte & Associates, for the financial year 2026-27.

7. Approval of material related party transaction(s) with Cummins Technologies India Private Limited.

8. Approval of material related party transaction(s) with Tata Cummins Private Limited.

9. Approval of material related party transaction(s) with Cummins Limited, UK.

10. Approval of material related party transaction(s) with Cummins Inc., USA.