Cyient has successfully completed its strategic $85 million acquisition of a 74% majority stake in Kinetic Technologies, a global power semiconductor solutions provider. The company officially notified stock exchanges BSE and NSE about the completion of this transaction under Regulation 30 compliance requirements through its subsidiary Cyient Semiconductors Singapore Pte. Ltd.

Official Exchange Notification and Press Release

Cyient filed an official update with BSE Limited and National Stock Exchange of India Ltd confirming the successful completion of the acquisition. The notification, signed by Deputy Company Secretary Ravi Kumar Nukala, was accompanied by a comprehensive press release detailing the strategic significance of this investment.

Strategic Platform Integration

The acquisition marks a major step in Cyient Semiconductors' ambition to establish a scaled semiconductor platform anchored in India for global markets. Kinetic Technologies brings immediate commercial scale with over 100 silicon-proven intellectual properties and more than 250 high-volume custom and Application-Specific-Standard-Products (ASSPs) across power management, protection, display power, and interface solutions.

According to Suman Narayan, CEO of Cyient Semiconductors, the completion accelerates their ambition to build a globally competitive semiconductor innovation engine from India. The integration combines Cyient Semiconductors' spec-to-silicon engineering expertise with Kinetic Technologies' proven power management portfolio.

Operational Continuity and Leadership

Kinetic Technologies will continue operating under its current leadership with strategic oversight from Cyient Semiconductors. Kin Shum, CEO of Kinetic Technologies, emphasized that having Cyient Semiconductors as a strategic majority investor significantly strengthens their ability to scale globally while expanding engineering capacity and manufacturing capabilities in India.

Market Position and Future Outlook

The combined platform addresses the $44 billion global market opportunity in power and compute infrastructure. This partnership strengthens both companies' capacity to deliver advanced custom power solutions for the next wave of computing and industrial transformation while reinforcing India's momentum under the India Semiconductor Mission to become a global hub for semiconductor innovation.

Cyient Limited has announced a strategic management restructuring effective April 1, 2026, involving key leadership transitions in its finance and operations functions. The company communicated these changes to stock exchanges through a regulatory filing under Regulation 30.

Leadership Transition Details

The management changes involve two senior executives taking on new roles within the organization:

Mr. Prabhakar Atla, who currently serves as Chief Financial Officer, will transition from his present role to become the Chief Operating Officer of the company.

New Chief Financial Officer Profile

Mr. Shrinivas Kulkarni brings extensive experience in finance leadership to his new role. His background includes:

• Leadership of finance functions encompassing Corporate Finance, Business Finance, Treasury, Taxation, M&A and Investor Relations
• Previous service as CFO of Cyient DLM Limited, a subsidiary of the company, following the IPO in 2023
• Responsibility for driving financial and operational efficiency, corporate governance, business partnering, cost management, cash conversion, and margin improvement
• Fellow membership of the Institute of Cost and Management Accountants of India
• Completion of Global Leadership Programs at Wharton and ISB, Hyderabad

New Chief Operating Officer Background

Mr. Prabhakar Atla, transitioning to the COO role, possesses significant operational expertise:

Professional Experience

• Nearly 30 years of Business and P&L Leadership experience focused on Technology and Engineering
• Experience in high performance global teams and execution of turnaround scenarios
• Expertise across multiple industry segments including:
  • Communications
  • Semiconductor
  • Energy
  • Aerospace & Defense
  • Industrial
  • Consumer
  • Rail transportation

Educational Qualifications

• Master's degree in Business Administration from Andhra University
• ISB-Kellogg Global Advanced Management Programme from the Indian School of Business and the Kellogg School of Management

Regulatory Compliance

The company has fulfilled all regulatory requirements regarding the management changes. Cyient had previously intimated about these appointments on March 3, 2026. The disclosure complies with SEBI Circular No. SEBI/HO/CFD/CFD-PoDI/P/CIR/2023/123 dated July 13, 2023, regarding changes in Key Managerial Personnel.

Both appointments are structured according to the terms of their respective employment agreements, ensuring continuity in the company's leadership structure during this transition period.