Cummins India Completes Final Investment Tranche in Clean Max Yellowstone
Cummins India Limited has completed its final investment tranche of Rs. 2,69,58,260 in Clean Max Yellowstone Private Limited on January 29, 2026. The company acquired 22,372 equity shares at Rs. 10 face value each, securing an 8.78% stake in Clean Max. This completion fulfills the entire investment commitment under the Shareholders' Agreement, following previous intimations made in December 2025 and January 2026.
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Cummins India Limited has announced the completion of its strategic investment in Clean Max Yellowstone Private Limited, marking a significant milestone in the company's expansion into renewable energy ventures. The transaction, completed on January 29, 2026, represents the final phase of a multi-tranche investment agreement that was previously disclosed to the stock exchanges.
Investment Details
The second and final tranche of the investment involved the allotment of 22,372 equity shares by Clean Max Yellowstone Private Limited to Cummins India Limited. The transaction details are structured as follows:
| Parameter: | Details |
|---|---|
| Number of Shares: | 22,372 equity shares |
| Face Value per Share: | Rs. 10.00 |
| Total Investment Amount: | Rs. 2,69,58,260 |
| Equity Stake Acquired: | 8.78% |
| Transaction Date: | January 29, 2026 |
Regulatory Compliance and Documentation
The investment completion was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Cummins India Limited has maintained transparency throughout the process with multiple intimations to the stock exchanges. The company confirmed that all relevant details provided in the earlier intimation dated December 18, 2025, remain unchanged, eliminating the need for repetitive disclosures.
The transaction follows the terms of the Shareholders' Agreement (SHA) that was established for this investment structure. Previous communications regarding this investment were made on December 18, 2025, December 29, 2025, and January 5, 2026, demonstrating the company's commitment to regulatory compliance and stakeholder transparency.
Strategic Significance
With this completion, Cummins India Limited has fulfilled its entire investment commitment pursuant to the SHA with Clean Max Yellowstone Private Limited. The 8.78% equity stake positions Cummins India as a significant stakeholder in Clean Max's operations, aligning with the growing focus on renewable energy solutions in the Indian market.
The investment represents Cummins India's strategic diversification into clean energy ventures, complementing its core business operations. Clean Max Yellowstone Private Limited operates in the renewable energy sector, making this partnership strategically relevant for Cummins India's long-term sustainability objectives.
Corporate Governance
The disclosure was signed by Vinaya A. Joshi, Company Secretary & Compliance Officer of Cummins India Limited, ensuring proper corporate governance protocols were followed. The information has been made available on the company's official website at www.cumminsindia.com , providing stakeholders with easy access to the investment details.
This completion marks the end of the structured investment process, with Cummins India Limited now holding its intended equity position in Clean Max Yellowstone Private Limited as per the original agreement framework.
Historical Stock Returns for Cummins
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.23% | +2.30% | -8.41% | +12.26% | +40.94% | +450.81% |
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