The Board of Directors of Cummins India Limited unanimously approved a revision in the remuneration for Managing Director, Ms. Shveta Arya, following the recommendation of the Nomination and Remuneration Committee. The proposal, approved on Wednesday, March 11, 2026, will now be subjected to shareholder approval via a Postal Ballot. The Board has appointed M/s. Mehta & Mehta as Scrutinizer for the e-voting process, ensuring fairness and transparency.
Board Approves MD Remuneration Adjustment
At its meeting held on Wednesday, March 11, 2026, the Board of Directors of Cummins India Limited took a significant decision concerning executive compensation. Inter-alia, the Board unanimously approved the revision in remuneration for Ms. Shveta Arya (DIN: 08540723), the Managing Director of the Company. This decision was based on the recommendation provided by the Nomination and Remuneration Committee.
Seeking Shareholder Consent
To finalize the remuneration revision for Ms. Arya, the Board has proposed to seek subsequent approval from the Company’s Members. Accordingly, the Board approved the Notice of a Postal Ballot, which will be circulated to all members in due course to obtain their consent on the proposed changes.
Appointment of Scrutinizer
To manage the member voting process transparently, the Board appointed M/s. Mehta & Mehta, Company Secretaries, Pune, to act as the Scrutinizer. This external firm will oversee the Postal Ballot’s e-voting process to ensure it is conducted in a fair and transparent manner. The results, along with the Scrutinizer’s report, will be submitted to the stock exchanges within the timelines mandated by regulations.
Meeting Summary
The Board meeting commenced at 16:50 hrs. and concluded shortly thereafter at 17:05 hrs., indicating a focused discussion on the agenda items pertaining to executive compensation.
Source: BSE
