Cummins India Limited has fixed Friday, July 17, 2026, as the record date to determine eligible shareholders entitled to receive the final dividend for the financial year 2025-26. The Board of Directors has recommended a payout of ₹46 per equity share, representing 2,300% on the face value of ₹2 each. This dividend is subject to approval by shareholders at the Annual General Meeting (AGM) scheduled for Thursday, August 06, 2026. The company has stated that the dividend will be paid on or before Friday, September 04, 2026, pending approval.

In compliance with SEBI regulations, payment of dividends will be made exclusively through electronic mode to all members holding shares in demat or physical form. Members holding securities in physical mode must update their KYC details, including valid PAN, contact details, bank account information, and specimen signature, to ensure seamless credit of dividends. Shareholders are required to submit Form ISR-1 and ISR-2 to the Registrar and Share Transfer Agent (RTA) to update these details.

The company has notified shareholders that dividend income is taxable in their hands under the Income Tax Act, 2025, and Tax Deducted at Source (TDS) will be applicable. For resident shareholders with a valid PAN, TDS will be deducted at 10% or as notified by the Government of India, while those without a valid PAN or with an invalid PAN will face a deduction of 20%. Non-resident shareholders, including Foreign Portfolio Investors (FPIs), can avail beneficial rates under tax treaties by submitting relevant documents such as the Tax Residency Certificate and Form 41 by July 24, 2026.

Key AGM and Dividend Details

Cummins has generated significant shareholder value over the past two decades, delivering an average annual return of 17.08% and outperforming the market by 7.8% on an annualized basis. The company currently commands a market capitalization of $95.79 billion. This long-term performance highlights the impact of compounded returns on wealth creation over extended periods.

Investment Growth Analysis

If an investor had purchased $1000 worth of Cummins stock 20 years ago, that investment would be valued at $23,575.79 today. This calculation is based on a current share price of $693.30.

Performance Metrics

The following table outlines the key financial metrics regarding Cummins' stock performance over the 20-year period:

The data illustrates the substantial growth potential of holding equities over long time horizons, emphasizing the power of compounding in investment portfolios.