Cummins India Limited has informed the Exchange regarding Cessation of Mr Prasad Kulkarni as Interim Chief Financial Officer of the company w.e.f. July 21, 2025.
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Cummins India has appointed Ms. Soma Dilip Ghosh as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 21, 2025. Consequent to her joining, Mr. Prasad Kulkarni, who was serving as the Interim CFO, has stepped down from that role on the same date. Importantly, Mr. Kulkarni will continue with the company in a different capacity as Director – Finance Controller for the Distribution Business Unit (DBU) – India, so this is an internal transition rather than a departure. The appointment of Ms. Ghosh was originally approved by the Board on May 28, 2025, on the recommendation of the Nomination and Remuneration Committee and the Audit and Compliance Committee.
This is a planned, orderly succession with a permanent CFO now in place, which should be viewed positively as it brings leadership stability to the finance function. Since Mr. Kulkarni remains with the company in another senior role, the transition is unlikely to have any material impact on operations or the stock price.