What the board approved
Cummins India told the exchanges that its board, meeting on 8 October 2026, approved the appointment of Mr. Adegbile Adedapo Adewunmi as an Additional Director and Managing Director, also designated as Key Managerial Personnel. The appointment takes effect 1 November 2026 and runs for a three-year term to 31 October 2029. It was made on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval and other applicable statutory approvals.
Who is being appointed
Per the profile enclosed with the filing, Adewunmi is a Vice President at Cummins who was named Corporate Officer in 2024 and currently leads the company's Power Systems Industrial Markets business, overseeing more than 600 employees across multiple continents. The filing describes a career at Cummins spanning strategy, global parts product management and the North and West Africa distribution business, with earlier roles as an engineer at Delphi Electronics and in investment banking at Credit Suisse. He holds an MBA from Columbia Business School and engineering degrees from Purdue University. The filing states he is not related to any other director or Key Managerial Personnel of the company.
Process and next steps
The board has proposed to seek shareholder approval for the appointment and remuneration by way of postal ballot, and has approved the Notice of Postal Ballot to be circulated in due course. M/s. Mehta & Mehta, Company Secretaries, Pune, were appointed as scrutinizer for the e-voting process. Adewunmi will additionally be authorized to determine the materiality of events for the purpose of disclosures to the stock exchanges.