CUMMINS INDIA LTD.

Cummins India Limited conducted its 65th Annual General Meeting (AGM) on August 6, 2026, via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was held in compliance with Ministry of Corporate Affairs (MCA) circulars and the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Chairperson, Ms. Jennifer Mary Bush, presided over the meeting, confirming the presence of the requisite quorum. Key managerial personnel and representatives from statutory and cost auditors were also present. The proceedings were conducted without the physical presence of members at a common venue, with the registered office deemed as the venue.

Cummins India Limited's Managing Director, Ms. Shveta Arya, presented at the company's 65th Annual General Meeting on August 6, 2026. The presentation covered the company's story, FY 2025-26 performance, business highlights, corporate responsibility and governance, awards, and financial performance. The agenda also included the company's mission, vision, brand promise, and core values, emphasizing innovation, dependability, and powering a prosperous world.

Cummins India Limited announced that its Managing Director, Ms. Shveta Arya, has resigned from her position, effective August 31, 2026, to pursue external opportunities. The Board of Directors accepted her resignation and expressed gratitude for her contributions. The company is currently evaluating candidates to fill the vacancy. In other business, the Board approved seeking shareholder approval via postal ballot for a revision in commission payable to Independent Directors. The company also approved and noted the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Statutory Auditor's Limited Review Report.

Cummins India Limited announced its unaudited financial results for the quarter ended June 30, 2026. Total sales surged by 18% year-on-year to ₹3,375 Cr, driven by an 22% increase in domestic sales to ₹2,854 Cr. Export sales remained flat year-on-year at ₹521 Cr. Profit before tax stood at ₹721 Cr, with a margin of 21.4%, showing a slight decrease compared to the previous year due to higher commodity costs and inflationary trends. Profit after tax was ₹543 Cr. The company anticipates steady business momentum, while acknowledging continued inflationary pressures and supply chain constraints. Cummins India remains focused on operational efficiencies and cost discipline.

Cummins India Limited announced the resignation of its Managing Director, Ms. Shveta Arya, effective August 31, 2026. Ms. Arya is stepping down to pursue external opportunities after serving as MD since September 1, 2024. The Board of Directors accepted her resignation and expressed gratitude for her contributions. The company is currently in the process of identifying and appointing a suitable successor. The announcement was made following a Board meeting held on August 5, 2026, which also approved unaudited financial results for the quarter ended June 30, 2026, and a postal ballot notice for revising director commissions.

Cummins India Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Statutory Auditor's Limited Review Report. Additionally, the Board approved a postal ballot notice for revision in commission payable to Independent Directors and appointed a scrutinizer for the e-voting process. The company also noted the resignation of Ms. Shveta Arya as Managing Director, Director, and Key Managerial Personnel, effective August 31, 2026.

Cummins India's consolidated Q1 FY27 (quarter ended June 30, 2026) revenue from operations rose 17.9% YoY to ₹3,426 Cr (+13.8% QoQ from ₹3,011 Cr), comfortably ahead of the ~₹3,360 Cr Street consensus (23-analyst estimate, Univest). Consolidated PAT of ₹609.30 Cr grew just 0.9% YoY (₹603.90 Cr) — roughly 2.5% after adjusting for the ₹12.59 Cr one-off CSSPL-sale gain that flattered the year-ago quarter — and fell 6.2% QoQ from ₹649.46 Cr. That badly missed the Street's ~₹707 Cr PAT estimate, a ~14% shortfall, validating the pre-result debate that premium valuations (P/E ~23-24x FY27E) leave little room for a margin disappointment. The gap between strong revenue and stalled profit is a margin story. Net profit margin compressed to 17.10% from 19.86% a year ago and 20.58% last quarter (down ~270-350bps), and standalone gross margin came in near 33.5% — below the company's guided 35-36% band, at the weak end flagged pre-result on commodity cost inflation and rising competitive intensity in the low-horsepower genset segment. The single biggest swing sits in the "change in inventories" line: it added back only ₹30.3 Cr to profit this quarter versus ₹159.0 Cr a year ago, a ₹128.7 Cr unfavourable delta that alone explains most of the jump in the expense ratio (total expenses/revenue rose to 83.7% from 80.3% YoY). By segment, core Engines PBT actually fell to ₹741.1 Cr (-1.9% YoY, -8.0% QoQ), while the 50%-owned Lubes JV, Valvoline Cummins, delivered ₹122.8 Cr PBT (+58.2% YoY) that cushioned the consolidated print — without the JV, group profitability would look materially weaker. Against management's own prior commentary — "moderate growth... driven by stable domestic demand and a robust order book," with confidence navigating "commodity price inflation" — the quarter beat on growth but missed on the margin resilience implied; commodity pressure bit into gross margin much as guided and flagged pre-result. No formal FY27 numeric guidance or fresh press release accompanies this filing (only the board-outcome letter); the Q1 FY27 earnings call is scheduled for August 6, 2026. Standalone PAT of ₹543.01 Cr fell 7.85% YoY reported, but the decline is largely optical: Q1 FY26 standalone booked a ₹44.15 Cr one-off CSSPL-sale gain that consolidated results only partly reflected (₹12.59 Cr), so adjusted standalone PAT is roughly flat YoY — a materially smaller decline than the raw figure suggests, and readers should not read the standalone print as worse than the consolidated one implies. The result lands alongside the resignation of Managing Director Shveta Arya, effective August 31, 2026, "to pursue external opportunities" per her board letter — unconnected to the results per the company's own disclosure, but a leadership-transition item investors will track alongside concall commentary. With Street consensus pencilling in 15-20% FY27 PAT growth and this quarter delivering only ~2.5% adjusted, the rest of the year needs a meaningfully better margin trajectory to stay on that path.

Cummins India Ltd has issued an errata to its Annual Report for the Financial Year 2025-26, submitted on July 09, 2026. A typographical error was identified in the Directors' Report on page 30, specifically concerning foreign exchange earnings and outgo. The corrected sentence states that the company exported 6,128 engines and 5,927 generator sets, differing from the initially reported figures of 5,022 engines and 6,369 generator sets. The company emphasizes that this correction has no impact on the financial statements, including the Balance Sheet, Profit and Loss, or Cash Flow Statement. An updated Annual Report incorporating this change has been enclosed and is also available on the company's website.

Cummins India Ltd has initiated the dispatch of its Annual Report for FY 2025-26, including a web link and QR code, to shareholders who have not registered their email addresses. The company also announced its 65th Annual General Meeting (AGM) scheduled for August 06, 2026, to be held via Video Conferencing. Key dates for e-voting, dividend payment, and TDS exemption forms have been provided. The final dividend proposed is ₹46 per equity share. Shareholders are urged to update their KYC details for electronic dividend payment.

Cummins India Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as mandated by SEBI regulations. The report, which forms an integral part of the Annual Report, includes disclosures on corporate identity, business activities contributing to 90% of turnover (primarily manufacturing electrical, general purpose, and transport equipment), and products/services accounting for 90% of turnover, such as internal combustion engines and generators. The company operates across 35 states and 86 countries, with exports contributing 16.65% to its total turnover. The report also details employee and worker statistics, including a section on differently-abled individuals. Price Waterhouse & Co Chartered Accountants LLP provided reasonable assurance on the BRSR Core.