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i:pure500480CUMMINSINDNOTLISTEDINE298A01020Cummins India Limited2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseAnnexure I Part C is not applicable for the reporting quarter. Therefore, the relevant tab has been selected as No.truefalseAnnexure 1 Part E is not applicable for the reporting quarter. Therefore, the relevant tab has been selected as No.Top 500 listed entitiestrueC00232OriginalMs. Shveta Arya was appointed as an Additional Director effective 08 August 2024, however, she was appointed and designated as Managing Director effective 01 September, 2024truefalseMsJennifer Mary Bush09777114Non-Executive - Non Independent DirectorChairperson1974-03-05falseActiveNA2022-11-0501010MsShveta Arya08540723Executive DirectorNot Applicable1979-03-15falseActiveNA2024-09-0101010MsRama Bijapurkar00001835Non-Executive - Independent DirectorNot Applicable1957-03-12falseActiveNA2020-06-172020-06-1755.275541MsRekha08501990Non-Executive - Independent DirectorNot Applicable1967-06-06falseActiveNA2022-08-112022-08-1129.11110MsLira Goswami00114636Non-Executive - Independent DirectorNot Applicable1958-12-03falseActiveNA2023-05-242023-05-2419.572231MrFarokh Nariman Subedar00028428Non-Executive - Independent DirectorNot Applicable1955-09-24falseActiveNA2024-05-292024-05-297.23253MrSekhar Natarajan01031445Non-Executive - Independent DirectorNot Applicable1953-12-14falseActiveYes2024-08-072024-05-292024-05-297.24453MrDonald Jackson Gray08261104Non-Executive - Non Independent DirectorNot Applicable1969-07-13falseActiveNA2018-10-3001010MsBonnie Jean Fetch09791477Non-Executive - Non Independent DirectorNot Applicable1970-09-22falseActiveNA2022-11-2501000MrCornelius O'Sullivan10829830Non-Executive - Non Independent DirectorNot Applicable1966-12-14falseActiveNA2024-11-0801000PAN is not required for a Foreign Director, however, we are currently in process of obtaining it and will be provided upon generation.The Board reconstituted the Stakeholder Relationship Committee, Corporate Social Responsibility Committee and Risk Management Committee effective November 08, 2024, by which Ms. Shveta Arya was appointed as a member of all three CommitteestruetruetruetruetrueAudit Committee00028428Farokh Nariman SubedarNon-Executive - Independent DirectorChairperson2024-05-30Audit Committee01031445Sekhar NatarajanNon-Executive - Independent DirectorMember2024-05-30Audit Committee00114636Lira GoswamiNon-Executive - Independent DirectorMember2023-05-25Audit Committee08501990RekhaNon-Executive - Independent DirectorMember2024-08-09Audit Committee08261104Donald Jackson GrayNon-Executive - Non Independent DirectorMember2022-05-26Audit Committee09777114Jennifer Mary BushNon-Executive - Non Independent DirectorMember2023-05-25Nomination and remuneration committee00001835Rama BijapurkarNon-Executive - Independent DirectorChairperson2022-02-10Nomination and remuneration committee00028428Farokh Nariman SubedarNon-Executive - Independent DirectorMember2024-05-30Nomination and remuneration committee01031445Sekhar NatarajanNon-Executive - Independent DirectorMember2024-05-30Nomination and remuneration committee00114636Lira GoswamiNon-Executive - Independent DirectorMember2023-05-25Nomination and remuneration committee09791477Bonnie Jean FetchNon-Executive - Non Independent DirectorMember2023-05-25Stakeholders Relationship Committee09791477Bonnie Jean FetchNon-Executive - Non Independent DirectorChairperson2023-05-25Stakeholders Relationship Committee00001835Rama BijapurkarNon-Executive - Independent DirectorMember2022-10-28Stakeholders Relationship Committee01031445Sekhar NatarajanNon-Executive - Independent DirectorMember2024-05-30Stakeholders Relationship Committee08540723Shveta AryaExecutive DirectorMember2024-11-08Risk Management Committee01031445Sekhar NatarajanNon-Executive - Independent DirectorChairperson2024-05-30Risk Management Committee00028428Farokh Nariman SubedarNon-Executive - Independent DirectorMember2024-05-30Risk Management Committee09777114Jennifer Mary BushNon-Executive - Non Independent DirectorMember2023-05-25Risk Management Committee00114636Lira GoswamiNon-Executive - Independent DirectorMember2023-05-25Risk Management Committee08501990RekhaNon-Executive - Independent DirectorMember2024-05-30Risk Management Committee08540723Shveta AryaExecutive DirectorMember2024-11-08Corporate Social Responsibility Committee00001835Rama BijapurkarNon-Executive - Independent DirectorChairperson2020-10-28Corporate Social Responsibility Committee00028428Farokh Nariman SubedarNon-Executive - Independent DirectorMember2024-05-30Corporate Social Responsibility Committee08501990RekhaNon-Executive - Independent DirectorMember2024-05-30Corporate Social Responsibility Committee09791477Bonnie Jean FetchNon-Executive - Non Independent DirectorMember2023-05-25Corporate Social Responsibility Committee08540723Shveta AryaExecutive DirectorMember2024-11-082024-08-06true9952024-11-0792true9842024-12-1840true10105Audit Committee2024-08-06true6640Audit Committee2024-11-0792true6530Audit Committee2024-12-1840true6640Nomination and remuneration committee2024-08-06true5540Nomination and remuneration committee2024-11-0792true5540Nomination and remuneration committee2024-12-1840true5540Stakeholders Relationship Committee2024-05-28true4430Stakeholders Relationship Committee2024-11-06161true3330Risk Management Committee2024-08-06true7750Risk Management Committee2024-11-0691true5430Corporate Social Responsibility Committee2024-08-06true5530Corporate Social Responsibility Committee2024-11-0691true4320truetruetruetrueYestruetruetrueVinaya A. JoshiCompany Secretary and Compliance OfficerfalseVinaya A. JoshiCompany Secretary and Compliance OfficerPune2025-02-1205500Disclosures regarding imposition of penalties contained in Sr. no. 1 to 4 have already been filed on the Stock Exchanges. Pursuant to the quarterly reporting requirement for fines and penalties below the stipulated threshold, the details regarding the same are reproduced here.Office of the Commissioner of Customs – Maharashtra (Additional Commissioner of Customs)The Company has received an order imposing penalty of Rs. 30,000 from Additional Commissioner of Customs, Nhavasheva, Maharashtra, along-with applicable differential basic custom duty, Social Welfare Surcharge, IGST, interest and redemption fine aggregating to INR 9.47 lacs (including penalty) for alleged incorrect Harmonized System (HS) classification of the goods imported for its business operations under the Custom Act, 1962. The said amount has been paid by the Company under protest. 2024-07-18Penalty of Rs. 30,000 from Additional Commissioner of Customs, Nhavasheva, Maharashtra, along-with applicable differential basic custom duty, Social Welfare Surcharge, IGST, interest and redemption fine aggregating to INR 9.47 lacs (including penalty as mentioned above)The penalty levied neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the CompanyOffice of the Commissioner of Customs – Maharashtra (Additional Commissioner of Customs)The Company has received an order imposing penalty of Rs. 50,000 from Additional Commissioner of Customs, Nhava Sheva, Maharashtra, along-with redemption fine of Rs. 1,25,000 for alleged incorrect Harmonized System (HS) classification of the goods imported for its business operations under the Custom Act, 1962. The said amount has been paid by the Company under protest. 2024-11-08Customs authority rejected the classification of the impugned goods having description “Display Control’ imported by it and ordered assessment under different Customs Tariff code.The penalty levied neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the Company.Office of the Commissioner of Customs – Maharashtra (Additional Commissioner of Customs)The Company has received Order imposing penalty of Rs. 50,000 from Additional Commissioner of Customs, Nhava Sheva, Maharashtra, along with redemption fine of Rs. 1,00,000 for delay in submitting Steel Import Monitoring System (SIMS) Certificate for clearing goods from Port. The said amount has been paid by the Company to avoid further delay in clearing the goods from port and to avoid increase in detention and demurrage charges.2024-11-25The Company had submitted SIMS Certificate after arrival of goods at the port, however as required under applicable regulations, the same was required to be submitted before the arrival of goods. As the same was not done, the penalty and fine was imposed.The penalty levied neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the Company.Office of the Commissioner of Customs – Maharashtra (Joint Commissioner of Customs, JNCH)The Company has received an order (in original) confirming payment of differential Customs duty of Rs. 10,34,395, along with interest and penalty of Rs. 2,58,599 for alleged incorrect Harmonized System (HS) classification of the goods imported for its business operations under the Custom Act, 1962. The said amount has been paid by the Company under protest. 2024-11-30Alleged incorrect Harmonized System (HS) classification of the goods imported for business operations under the Custom Act, 1962.The penalty levied neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the Company.Assessment Unit, Income Tax DepartmentA Show cause notice was received on December 19, 2024 requesting the Company to submit the reasons for which the penalty should not be levied for 14A disallowances made by Assessing Officer in regular assessment under section 143(3) of the Income Tax Act 1961 (the Act). In response to same detailed submissions was filed on December 23, 2024, on merits as well as pendency of appeal with Income Tax Appellate Tribunal (ITAT) requesting proceedings to be kept in abeyance and also requesting for a virtual hearing in the matter. However, on December 28, 2024 the Assessing Officer had passed the order levying penalty of INR 7,35,350 under section 270A of the Act for under reporting of income.2024-12-28A Show cause notice was received on December 19, 2024 requesting the Company to submit the reasons for which the penalty should not be levied for 14A disallowances made by Assessing Officer in regular assessment under section 143(3) of the Income Tax Act 1961. In response to same detailed submissions was filed on December 23, 2024, on merits as well as pendency of appeal with Income Tax Appellate Tribunal (ITAT) requesting proceedings to be kept in abeyance and also requesting for a virtual hearing in the matter. On December 28, 2024, the Assessing Officer has passed order levying penalty of INR 7,35,350 /- under section 270A of the Act for under reporting of income. In response to same, Company has filed an appeal with Commissioner of Income Tax (Appeals) on January 24, 2025.The penalty levied neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the Company.