Cyient Limited announced that Vikas Sehgal ceased to be a Non-Executive Independent Director on October 16, 2026. The departure follows the completion of his second term of five consecutive years, a standard regulatory limit for independent directors in India.

Sehgal’s exit also marked the end of his membership on two key board committees: the Stakeholders' Engagement Committee and the Environmental, Social and Governance (ESG) Committee. The cessation was effective at 24:00 hrs IST on the date of completion.

Regulatory compliance and tenure details

The company filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of changes in board composition to ensure market transparency. The filing confirmed that the cessation was solely due to the expiry of his statutory tenure and not due to resignation or removal.

The Board of Directors and Management expressed deep appreciation for Sehgal's contributions during his tenure. No other material reasons for the cessation were disclosed, consistent with the nature of a scheduled tenure completion.

Governance implications

The departure of an Independent Director who has served for ten years represents a routine governance cycle rather than an operational disruption. Independent directors are subject to a maximum tenure of six years or two consecutive terms of five years each, whichever is earlier, under Indian corporate law. Sehgal had already completed two full terms, necessitating his exit.

This change affects the composition of the ESG Committee, which plays a critical role in overseeing sustainability strategies. Companies often seek new independent directors with specific expertise to fill such vacancies, ensuring continued oversight of environmental and social governance frameworks.

What the numbers show

The filing highlights a strict adherence to regulatory timelines. The event occurred precisely at midnight on October 16, 2026, indicating that the tenure expired exactly at the end of the day. There were no interim appointments mentioned in this specific disclosure, suggesting that the replacement process may be underway separately. The focus remains on the procedural completion of the term rather than any performance-related issues.

Cyient Limited shareholders approved the appointment of Murali Yadama as a Non-Executive Independent Director through remote e‑voting on October 10, 2026.

The resolution, passed as a Special Resolution under the Companies Act, 2013, secured 99.84% of the total valid votes cast in favor. The voting process was conducted via remote e-voting managed by Kfin Technologies Limited, with the scrutinizer’s report confirming the results on October 10, 2026.

Voting breakdown

The approval received overwhelming support from both promoter and public shareholders. Promoters and the promoter group voted unanimously in favor, while institutional and non-institutional public shareholders also showed strong support, with minimal dissent recorded across categories.

Procedural details

The e-voting window opened at 9:00 am on September 11, 2026, and closed at 5:00 pm on October 10, 2026. Shareholders holding equity shares as of the cut-off date of September 4, 2026, were eligible to vote. The results were unblocked and downloaded from the e-voting system in the presence of two witnesses not employed by the company.

What the numbers show

The near-unanimous approval, with only 0.16% of votes cast against the resolution, indicates strong shareholder confidence in the board’s nomination of Murali Yadama. The high participation rate among institutional investors, who voted 87.83% of their holding, further underscores the institutional endorsement of this governance change.