Cummins India Limited has announced the declaration of an interim dividend of ₹20 per equity share, which translates to a 1000% dividend on shares with a face value of ₹2 each, for the financial year 2025-26. The company has fixed Wednesday, February 11, 2026, as the record date to identify the shareholders eligible to receive this interim dividend. The payment of the interim dividend is scheduled for on or around Monday, March 2, 2026. In accordance with SEBI regulations, the dividend will be paid exclusively through electronic mode to shareholders who have updated their KYC details, including bank account information, email addresses, mobile numbers, and complete addresses with PIN codes, against their physical folios. Dividends for shareholders with non-KYC compliant folios will be retained by the Company in abeyance. The company also noted that dividend payments will no longer be issued via physical demand drafts, as per SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2025. Shareholders are strongly advised to ensure their KYC details, particularly bank account and email addresses, are kept up-to-date. Physical shareholders need to submit Forms ISR-1 and ISR-2 to the Company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. Shareholders holding shares in demat form should update their KYC through their respective Depository Participants (DPs). Furthermore, the company reminded shareholders that dividend income is taxable in their hands, and Cummins India is required to deduct tax at source at prescribed rates. For resident shareholders with a valid PAN, the tax deduction is 10% (or as notified by the Government). For those without a PAN or with an invalid/unlinked PAN, the deduction is 20% (or as notified). Tax will not be deducted for resident individuals with a valid PAN if the total dividend received in FY 2025-26 does not exceed ₹10,000, or if they provide a yearly declaration in Form 15G/15H. Non-resident shareholders can avail beneficial rates under applicable tax treaties by submitting specific documentation. The deadline for submitting these forms is February 15, 2026.
