Cummins India Limited’s Board of Directors convened on August 5, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also noted and accepted the resignation of Ms. Shveta Arya as Managing Director, Director, and Key Managerial Personnel, effective August 31, 2026. Additionally, the company will seek member approval via postal ballot for a revision in commission payable to independent directors.
Board Meeting Concludes: Financial Results and Leadership Changes
On August 5, 2026, the Board of Directors of Cummins India Limited met to discuss and approve key corporate matters. A primary outcome of the meeting was the approval of the company’s unaudited standalone and consolidated financial results for the first quarter of the fiscal year 2027, ending June 30, 2026. These results, along with the Statutory Auditor’s Limited Review Report, have been submitted to the stock exchanges. The company also noted the receipt of a postal ballot notice related to the revision of commission payable to independent directors.
Leadership Transition: Ms. Shveta Arya Resigns
In a significant leadership development, the Board also accepted the resignation of Ms. Shveta Arya from her roles as Managing Director, Director, and Key Managerial Personnel. Her resignation is effective from August 31, 2026, as she intends to pursue external opportunities. Ms. Arya has been with the company since September 1, 2024. The company is currently evaluating suitable candidates to fill this crucial position and will inform the stock exchanges upon completion of the appointment process. The Board expressed its deepest appreciation for her contributions.
Postal Ballot for Director Commission Approval
Furthermore, the Board has approved the issuance of a Notice of Postal Ballot to seek shareholder approval for a proposed revision in the commission payable to the company’s Independent Directors. To ensure a fair and transparent e-voting process, M/s. Mehta & Mehta, Company Secretaries, Pune, have been appointed as Scrutinizers. Their report, along with the e-voting results, will be submitted to the Stock Exchanges as per regulatory timelines.
Financial Highlights: Unaudited Results for Q1 FY27
The unaudited consolidated financial results for the quarter ended June 30, 2026, show total income of ₹3,563.35 crore, compared to ₹3,040.70 crore in the same period last year. Total expenses were ₹2,866.34 crore. Profit before exceptional items and tax stood at ₹697.01 crore. After accounting for a profit of ₹89.83 crore from joint ventures and associates, and tax expenses of ₹177.54 crore, the net profit after tax for the quarter was ₹609.30 crore. Basic and diluted Earnings Per Share (EPS) for the period was ₹21.98.
The standalone results for the quarter ended June 30, 2026, reported total income of ₹3,587.10 crore and total expenses of ₹2,866.34 crore. Profit before exceptional items and tax was ₹720.76 crore. After tax expenses of ₹177.75 crore, the net profit after tax was ₹543.01 crore. Basic and diluted EPS for the standalone results were ₹19.59.
Source: BSE
