Cummins India Limited has announced that it is withholding Interim Dividend payments for shareholders whose records are not fully KYC compliant. The company declared a dividend of ₹20 per equity share for the 2025-26 financial year. To facilitate the release of these funds, shareholders must ensure their bank account details, PAN, and contact information are accurately updated with their Registrar or Depository Participant.
Dividend Declaration Details
During the board meeting held on February 4, 2026, the directors of Cummins India approved an Interim Dividend of ₹20 per equity share (face value of ₹2 each) for the 2025-26 fiscal year. While the dividend has been declared, payouts for certain shareholders have been paused due to incomplete or outdated records.
Reasons for Payment Withholding
The company has suspended dividend disbursements for folios that are currently KYC non-compliant. The primary reasons for this action include missing or incorrect bank account details, such as the absence of a valid IFS code or account number, which prevents the company from processing the payment electronically. Since physical payouts have been discontinued, all dividends must be processed through digital electronic modes.
Action Required from Shareholders
Shareholders affected by this withholding are urged to update their credentials immediately to receive their dividend payments. The required actions are as follows:
- Physical Shareholders: Must submit completed Form ISR-1 and ISR-2 along with necessary self-attested documentation to the Company’s Registrar and Share Transfer Agent.
- Demat Shareholders: Must update their records directly through their Depository Participant (DP).
Once the KYC status is updated, shareholders should submit a formal request to the Registrar to initiate the release of their unpaid dividends. Digital support, including a chatbot service named “iDia” and the “SWAYAM” investor portal, is available to assist shareholders with their queries and status updates.
Source: BSE
