Cummins India Limited , a leading power solutions provider, has successfully concluded its postal ballot process with shareholders overwhelmingly approving additional related party transactions worth ₹290 crores.

Postal Ballot Results

The company announced the voting results on January 6, 2026, following the completion of remote e-voting that commenced on December 7, 2025, and concluded on January 5, 2026. Ms. Ashwini Inamdar of Mehta & Mehta Company Secretaries served as the scrutinizer for the postal ballot process.

Approved Related Party Transactions

Shareholders approved both resolutions with overwhelming support, achieving 99.9994% approval for each transaction:

These transactions involve the purchase and sale of engines, gensets, and components at arm's length pricing for FY2025-26. A total of 98,311,330 shares voted in favor of both resolutions, while only 557 shares voted against each proposal.

Board Appointments

The company had earlier sought shareholder approval for the appointment of two directors through a separate postal ballot:

1. Mr. Thierry Bruno Pimi Nouyeuwe: Proposed as Non-Executive and Non-Independent Director, bringing over 25 years of experience in power generation and manufacturing industries
2. Ms. Vibha Paul Rishi: Nominated as Non-Executive Independent Director for a five-year term, with extensive marketing experience including 17 years with PepsiCo

Both directors were initially appointed as Additional Directors by the Board on August 9, 2025.

Regulatory Compliance

Cummins India has maintained transparency in its corporate governance processes. The company engaged MUFG Intime India Private Limited as the Registrar and Transfer agent to provide e-voting facilities. The voting results and scrutinizer's report have been uploaded on the company's website at www.cumminsindia.com and filed with stock exchanges under Regulation 44 of SEBI Listing Regulations.

Tax Matter Update

In a separate development, the company had received a penalty of ₹43.36 lakh from the Government of Karnataka Department of Commercial Taxes for alleged missing supplier details in an E-Invoice. While the company paid the penalty, it plans to file an appeal for its withdrawal, stating the penalty has no material impact on its financials or operations.

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.