Cummins India Limited has informed the Exchange regarding Notice of Postal Ballot
CUMMINSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cummins India has sent a Postal Ballot notice to shareholders seeking approval to revise the remuneration of Managing Director Ms. Shveta Arya, effective April 1, 2026, for the remainder of her term ending August 31, 2027. Her basic salary is proposed to rise from Rs. 1.36 crore to Rs. 1.58 crore per annum, while the overall consolidated remuneration ceiling is being raised from Rs. 8 crore to Rs. 11 crore per annum. The Long Term Retention Grant (LTG) is also being increased from Rs. 0.85 crore to Rs. 2.27 crore per annum, including performance cash, shares, and stock options partly borne by the parent Cummins Inc. The company says the revision is based on industry benchmarking and her performance. Voting is open from March 22, 2026 (9:00 AM) to April 20, 2026 (5:00 PM) via remote e-voting, with the cut-off date for eligibility set as March 13, 2026.
This is a governance matter requiring shareholder approval and is unlikely to materially affect the stock price. Approval would lock in a higher pay package for the MD, which is within global Cummins norms but represents a notable increase in total compensation ceiling (~37% rise). Minority shareholders typically vote in line with promoter holdings in such routine resolutions.