Cummins India Limited has announced the withholding of interim dividend payments for FY 2025-26 for shareholders whose investment folios do not comply with Know Your Customer (KYC) requirements. The company made this disclosure on April 02, 2026, in compliance with SEBI regulations regarding dividend distribution.

Interim Dividend Declaration Details

The Board of Directors approved and declared an interim dividend during their meeting held on February 04, 2026. The dividend payment structure is outlined below:

Regulatory Compliance and KYC Requirements

The withholding action stems from SEBI Master Circular SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 07, 2024, and the SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2025, notified on November 19, 2025. These regulations mandate that dividend payments can only be processed electronically and require complete KYC compliance.

Shareholders must maintain updated KYC details including:

• PAN (Permanent Account Number)
• Complete contact details with PIN code and mobile number
• Email address for online services
• Bank account details including bank name, branch, account number, and IFSC code
• Specimen signature

Shareholder Communication and Next Steps

Cummins India has sent individual emails and letters to affected shareholders informing them about their non-compliant status and the withholding of dividend payments. The company has provided clear instructions for updating KYC information:

For Physical Shareholders:

• Submit Form ISR-1 and ISR-2 with required documentation
• Forward completed forms to MUFG Intime India Private Limited (RTA)
• Include self-attested copies of relevant documentary proofs

For Demat Shareholders:

• Update KYC details with respective Depository Participants (DPs)
• Ensure all required information is current and complete

Registrar and Transfer Agent Details

Shareholders can contact the company's RTA for assistance with KYC updates:

Digital Services Available

The RTA offers additional digital services to shareholders:

• iDia Chatbot: Available on the RTA website for routine query assistance
• SWAYAM Portal: Online Investor Self-Service Portal at https://swayam.in.mpms.mufg.com/ for accessing information and digital services

Dividend Release Process

Once shareholders complete their KYC updates with the RTA or Depository Participants, they must submit a request letter to the RTA for the company to release the withheld dividend amount through electronic mode. The dividend will only be processed after successful verification of all required KYC details and bank account information.

Cummins India Limited has informed stock exchanges about receiving two rectification orders from Income Tax authorities, with combined demands totaling ₹45.82 crores. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tax Demand Details

The company received two separate rectification orders from the Deputy Commissioner of Income Tax, Pune, under Section 155(18) of the Income-tax Act, 1961. The demands are structured as follows:

Nature of Tax Issues

Both rectification orders relate to Form 69 filed for withdrawal of claims of Secondary and Higher Education Cess. According to the company's evaluation, the demands have been raised due to certain errors apparent on the face of the record.

Key aspects of the orders include:

• Both orders issued under Section 155(18) of the Income-tax Act, 1961
• Related to withdrawal of Secondary and Higher Education Cess claims
• No violations identified in either order
• Demands attributed to apparent errors on record

Company's Response and Impact Assessment

Cummins India has stated that it is pursuing appropriate remedial actions with relevant authorities to resolve the issues, and expects the demands to be quashed. The company has provided a clear assessment of the financial impact:

Regulatory Compliance

The disclosure was made in compliance with multiple regulatory requirements, including Regulation 30 of Listing Regulations read with Clause 20 of Para A of Part A of Schedule III, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company noted a delay in intimating the receipt of one order, explaining that the concerned team was analyzing the impact of the order. For the FY 2018-19 demand, no delay was reported. The information has also been uploaded on the company's website at www.cumminsindia.com for stakeholder access.