Cummins India Limited announced that its Board of Directors has approved a proposal to acquire equity shares in Clean Max Yellowstone Private Limited. The investment, up to ₹2.70 crore, will secure at least 8.78% of Clean Max's equity share capital. This acquisition is part of a Group Captive Model, where Cummins India, along with two other Cummins group entities in India, will collectively hold at least 26.00% of Clean Max's equity share capital. This is to comply with regulatory requirements for group captive power plants. Clean Max Yellowstone Private Limited is a Special Purpose Vehicle incorporated on September 23, 2024, engaged in developing and operating renewable energy projects. The investment aims to procure renewable power (Solar/wind/hybrid) for Cummins India's factories and premises, thereby reducing Scope 2 greenhouse gas emissions and optimizing power costs. The Share Purchase Agreement (SPA) has been signed, and the closing is expected to be completed within approximately three months. The Board meeting where this approval was granted commenced at 18:00 hrs and concluded at 18:20 hrs on December 18, 2025. The company has confirmed that this transaction will not be a related party transaction and none of the promoter or promoter group have any interest in Clean Max.