Cummins India Ltd. - AGM Information 2020

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Ref: STEX/SECT/2020

July 18, 2020

The Relationship Manager, National Stock Exchange of India Limited DCS-CRD (NSE), BSE Limited (BSE), Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Fort, Bandra – Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 500480 NSE Symbol: CUMMINSIND

Subject: Newspaper publication of information regarding 59[th] Annual General Meeting of the Members of the Company, Record Date for dividend and other related information.

Dear Sir/ Madam,

In terms of Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the copies of the notice published in newspapers Business Standard (All editions) and Loksatta (Pune edition), both the newspapers having electronic edition, on July 18, 2020, in compliance with Ministry of Corporate Affairs Circular No. 20/2020 dated May 5, 2020, intimating that 59th Annual General Meeting of the Company will be held on Tuesday, August 25, 2020 at 3.30 p.m. IST through Video Conference / Other Audio-Visual Means.

Kindly take this intimation on your record.

Thanking you,

Yours faithfully, For Cummins India Limited

VINAYA Digitally signed by VINAYA ABHIJIT ABHIJIT JOSHI JOSHI Date: 2020.07.18 19:20:55 +05'30' Vinaya A. Joshi Company Secretary & Compliance Officer

Encl.: As above

(This letter is digitally signed)

Cummins India Limited Registered Office Cummins India Office Campus Tower A, 5[th] Floor, Survey No. 21, Balewadi Pune 411 045 Maharashtra, India Phone +91 20 67067000 Fax +91 20 67067015 cumminsindia.com [email protected]

CIN : L29112PN1962PLC012276

COMPANIES 3 ~~<~~

MUMBAI | 18 JULY 2020

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Arvind’s cost-cutting plan hits Covid wall

BCCI asked to pay ~4,800 crore to Deccan Chronicle

SUBRATA PANDA later appointed Thakkar as the DEV CHATTERJEE subdued, fear bankers. Mumbai, 17 July arbitrator to settle the dispute. Mumbai, 17 July Separately, Arvind Fashions Deccan Chronicle had filed sold 27 per cent stake in its subBombay High Court-appointa claim of ~6,500 crore and extile major Arvind’s sidiary Arvind Youth Brands, to ed arbitrator, C K Thakkar, has termed the termination of plan to reduce costs by Flipkart for ~260 crore. Arvind asked the Board of Control for agreement as illegal. The arbiT ~440 crore has hit a roadYouth Brands retails denim braCricket in India (BCCI) to pay by trator has now awarded ~4,800 block. Bankers said the firm nd Flying Machine on the onlSeptember a compensation of crore, including interest, to expects a sharp fall in demand ine retail platform. It is raising ~4,800 crore to Deccan ChroDeccan Chronicle. for its products, coupled with ~400 crore through a rights issnicle Holdings, the owner of Dhir & Dhir Associates was declining sales, in the June ue this week. Following its demthe terminated Deccan Charrepresenting the firm in the quarter (Q1) of FY21 on account erger from Arvind, AFL was listgers franchise in IPL. matter. “The arbitral of the pandemic. ed in March last year, and was Deccan Chargers Deccan Chronicle tribunal has found However, both Lalbhai grovalued at ~1,115 crore as of Wedwas one of the eight Holdings that the termination up firms — Arvind and Arvind Ahmedabad-based Arvind had assured banks it would slash nesday. Declining footfalls from franchises in the ca- approached the was premature and Fashions — are taking steps like fixed costs by close to ~440 crore in the current financial year early March owing to the outsh-rich cricket league Bombay High illegal and accordasset sale in order to cut costs break hit AFL’s operations. This when it was started in Court, seeking ingly passed an awand pare debt. “Exports are expunits. Besides cutting down on Wednesday — thus giving it a hammered revenue and prof2008. Four years later, an order ard in favour of ected to decline $100 million to capital expenditure, the firm total market valuation of ~835 itability for the March quarter. BCCI terminated De- restraining BCCI Deccan chronicle,” $300 million in FY21. Besides, has decided to avail of the moracrore. Bankers are expecting the Following the unlocking, it ccan Chargers’ agree- from taking any said Maneesha Dhir, domestic sales will also hit the torium on outstanding loans firm to sell more assets in the has managed to re-open 75 per ment, saying the fran- further step associate partner, slow gear, with production takand working capital limits. “The coming months, to pare ~400 cent of its stores. “The firm has chise failed to honour Dhir & Dhir Associng a hit due to lockdown,” said firm is also taking a ~50 crore crore from the total debt of put in place a comprehensive its payment obligations. iates. Deccan Chronicles Holdia banker. lifeline loan from SBI,” said ~2,500 crore (as of March). Debt cost management plan that covDeccan Chronicle Holdings, ngs was under insolvency till Ahmedabad-based Arvind another person in the know. stood at ~2,950 crore as of March ers reduction in costs during the the Hyderabad-based media 2019 for failing to pay its lenhad assured banks it would An email sent to Arvind on 2019. Arvind plans to develop lockdown and until sales norcompany that acquired the ders. However, Kolkata-based slash fixed costs by close to ~440 Wednesday did not elicit any its land parcels near Ahmmalise. Structural reductions franchise for $107 million in Srei Group’s Srei Multiple Asset crore in FY21, by way of pay cuts, response. Reflecting its finanedabad and sell villas to cushave been implemented in the 2008, then approached the Investment Trust had submitreduction in IT budget, restriccial performance, the Arvind tomers. However, with a slowcost structure, which will serve Bombay High Court, seeking ted a resolution plan for the tion on foreign travel, lower ad stock lost almost half its value — down expected in the realty to reduce the break-even level an order restraining BCCI from company, which was accepted spend, and sale of loss-making from ~60 last year to ~32 on sector, demand may remain by 35 per cent,” the firm said. taking any further step. The HC by the bankruptcy tribunal.

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Britannia’s PBT jumps 88%, revenue up 26%

SAMREEN AHMAD KEY METRICS

SAMREEN AHMAD Bengaluru, 17 July KEY METRICS Company sets Q1FY21 Growth (~ cr) % ~700 crore as Britannia Industries reported a stellar growth on Friday post-ing a profit before tax (PBT) of Net salesOperating 3,384 26 capex outlay ~737 crore for Q1, a rise of 88 669 91 Britannia has announced an profit per cent when compared with additional capital expenthe corresponding period of PAT 546 117 diture of ~700 crore in the the previous financial year. As compared to Q1 of FY20 next 2-3 years. MD Varun Net profit for the biscuit �Rusk and bread grew faster than Berry said the firm would be maker grew 117 per cent to putting up a new plant in ~546 crore on YoY basis. company’s overall growth Bihar, Tamil Nadu and UP, Consolidated revenue for �Cheese led to growth in dairy which is emerging the the Bengaluru-headquartered segment second-largest market for firm witnessed a strong gro�West Asia & Africa back on Britannia. This would be the wth of 26 per cent YoY basis at firm’s first plant in the Hingrowth trajectory ~3,384 crore, ahead of expecdi-speaking state. tations. The company’s volSource: Company BS REPORTER ume growth for the period stood at 22 per cent, higher investor call on Friday. Winkin Cow Lassi and a ~5 than analysts expectations of The company, which is curLayer Cake pack to expand our 17-20 per cent. rently running with a stock of reach,” he said. Such a strong performance 2-3 days, said its nimble culOn the cost front, the compresents a very high base for ture helped it quickly adapt to pany witnessed moderate the company. “What we have the Covid-19 situation and inflation in the prices of key seen in the past is once you meet the market demand. raw materials and expects the build a base, you find ways of “As soon as the lockdown rates to be stable going forward growing beyond that. As we go was eased, we focussed on getgiven the positive outlook on forward, we would stride to ting our distribution back to monsoon and harvest. grow over that base as we go the pre-Covid levels and forward,” said Varun Berry, increasing our rural and hin- THE SMART INVESTOR managing director of Britaterland reach. During this Britannia’s sturdy firstquarter nnia Industries during an period, we also launched raises barforpeers 12[>]

SAP appoints Kulmeet Bawa president, MD ofIndia region

SAI ISHWAR Mumbai, 17 July

German tech giant SAP has appointed Kulmeet Bawa president and managing director for SAP Indian subcontinent, with effect from July 2020. Bawa will be responsible for driving and delivering SAP experience for employees and customers across our ecosystem and businesses in India, Bangladesh and Sri Lanka and to adopt a digital-first mindset, according to the company’s statement. Based in Gurugram, he will report directly to Scott Russell, president of SAP AsiaPacific Japan (APJ), it added. He will be replacing Deb Deep Sengupta. “The current pandemic environment requires companies to take swift action and accelerate digital transformation to become intelligent enterprises. At SAP, we are committed to support our customers and help them transform, scale and win,” said Scott Russell, president, SAP APJ. Bawa was the chief operating officer for New York-headquartered omnichannel marketing software firm Resulticks, where he led the growth strategy and execution of go-to-market for the organisation.

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AI assistant

Cummins India Ltd. AGM Information 2020

60943_rns_2020-07-18_ebcde26f-0f73-4b1f-9e9d-e689c68185fc.pdf

Ref: STEX/SECT/2020

July 18, 2020

Subject: Newspaper publication of information regarding 59[th] Annual General Meeting of the Members of the Company, Record Date for dividend and other related information.

Dear Sir/ Madam,

Arvind’s cost-cutting plan hits Covid wall

BCCI asked to pay ~4,800 crore to Deccan Chronicle

Britannia’s PBT jumps 88%, revenue up 26%

SAMREEN AHMAD KEY METRICS

SAP appoints Kulmeet Bawa president, MD ofIndia region

AI assistant

Cummins India Ltd. — AGM Information 2020

60943_rns_2020-07-18_ebcde26f-0f73-4b1f-9e9d-e689c68185fc.pdf

Ref: STEX/SECT/2020

July 18, 2020

Subject: Newspaper publication of information regarding 59[th] Annual General Meeting of the Members of the Company, Record Date for dividend and other related information.

Dear Sir/ Madam,

Arvind’s cost-cutting plan hits Covid wall

BCCI asked to pay ~4,800 crore to Deccan Chronicle

Britannia’s PBT jumps 88%, revenue up 26%

SAMREEN AHMAD KEY METRICS

SAP appoints Kulmeet Bawa president, MD ofIndia region

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Cummins India Ltd. AGM Information 2020