Cummins

Cummins India Limited has issued a postal ballot notice seeking shareholder approval for the appointment of two directors through remote e-voting. The company is proposing the appointment of Mr. Thierry Bruno Pimi Nouyeuwe as a Non-Executive and Non-Independent Director through an ordinary resolution, and Ms. Vibha Paul Rishi as a Non-Executive Independent Director for a five-year term through a special resolution. Both directors were initially appointed as Additional Directors by the Board on August 9, 2025. The remote e-voting period runs from September 8, 2025 (9:00 AM IST) to October 7, 2025 (5:00 PM IST), with August 29, 2025 as the cut-off date for determining eligible shareholders. Mr. Pimi brings over 25 years of experience in power generation and manufacturing industries and currently leads Distribution Business Unit International Operations at Cummins Inc. Ms. Rishi is a marketing specialist with international experience and was previously associated with PepsiCo for 17 years. The voting process will be conducted electronically through the company's Registrar and Transfer Agent, MUFG Intime India Private Limited.

Cummins India Limited received a penalty order of Rs 43,36,081 from the Government of Karnataka Department of Commercial Taxes for alleged missing supplier details in an E-Invoice for a particular consignment. The penalty was imposed under Section 68(3) of Central Goods and Services Tax Act, 2017 and State Goods and Services Tax Act, 2017. The company has paid the penalty and plans to file an appeal for its withdrawal. Cummins India stated that the penalty will not have any material impact on the company's financials or operational activities.

Cummins India delivered robust quarterly results with sales reaching INR 2,859 crores, marking a 26% increase compared to INR 2,262 crores in the same quarter last year. Domestic sales grew 25% to INR 2,336 crores while exports surged 34% to INR 523 crores. Profit before tax increased 32% to INR 726 crores. The Powergen segment led growth with 31% increase to INR 1,056 crores, driven by demand from quick commerce, mission-critical segments including hospitals and airports, manufacturing, and pharma sectors. Distribution business sales rose 19% to INR 777 crores, while Industrial domestic business grew 12% to INR 418 crores. Managing Director Shveta Arya noted that market volumes have returned to pre-CPCB IV+ levels and the company anticipates double-digit growth for the full year. The company launched BESS (Battery Energy Storage System) solutions in India, targeting commercial and industrial customers. Export growth was broad-based across markets, with Latin America and Europe showing particular strength. Data centers continue contributing 15-20% of overall Powergen sales with steady demand. The company maintains cautious optimism on exports due to geopolitical uncertainties while expressing confidence in domestic market stability.