Cummins India has announced a strategic investment initiative focused on renewable energy, committing up to ₹2.70 crores in Clean Max Yellowstone Private Limited. This investment represents the company's continued commitment to sustainable energy solutions and environmental responsibility.

Investment Details

The investment parameters highlight the company's strategic approach to clean energy partnerships:

Renewable Energy Agreements

Cummins has simultaneously signed agreements for renewable energy supply as part of this strategic partnership. These agreements are designed to secure sustainable energy sources and support the company's operational requirements through clean energy solutions.

The partnership with Clean Max Yellowstone Private Limited represents a focused approach toward integrating renewable energy into the company's operations. This collaboration is expected to provide reliable access to clean energy sources while supporting broader sustainability objectives.

Strategic Implications

This investment demonstrates Cummins India's proactive approach to environmental sustainability and clean energy adoption. The partnership with Clean Max Yellowstone Private Limited positions the company to benefit from renewable energy supply arrangements while contributing to the broader clean energy ecosystem.

The investment in renewable energy infrastructure aligns with industry trends toward sustainable operations and environmental responsibility. Through this strategic partnership, the company is positioning itself to access clean energy solutions while supporting the development of renewable energy capacity in the market.

Cummins India Limited has informed stock exchanges about receiving a penalty order from the Income Tax Department, marking a significant regulatory development for the engineering company. The disclosure was made on December 22, 2025, in compliance with SEBI listing regulations.

Penalty Details and Legal Action

The Assessment Unit of the Income Tax Department has imposed a penalty of ₹1,19,10,452 under Section 27(1)(c) of the Income Tax Act, 1961. Cummins India has highlighted that this penalty was levied without providing an opportunity to be heard, raising procedural concerns.

Background and Context

The penalty has been imposed solely on account of an underlying adjustment made during assessment proceedings. Cummins India has revealed that this adjustment has been duly contested by the company. The related appeal is presently pending before the Income Tax Appellate Tribunal, indicating ongoing legal proceedings on the matter.

Company's Response Strategy

Cummins India has announced its intention to file an appeal against this penalty order with the Appellate Authority. This legal recourse demonstrates the company's commitment to challenging what it perceives as an unjustified penalty imposed without due process.

Financial and Operational Impact

The company has provided assurance regarding the penalty's impact on its business operations:

• The penalty will not have any material impact on the company's financials
• No impact expected on operational activities
• No effect anticipated on other company activities

Regulatory Compliance

The disclosure was made under Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This demonstrates Cummins India's adherence to transparency requirements and regulatory compliance standards for listed entities.