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.

Cyient Limited's Board of Directors convened on March 31, 2026, to approve several key governance decisions that will shape the company's leadership structure. The most significant development was the appointment of Mr. Krishna Bodanapu as Executive Vice Chairman & Managing Director, marking a strategic leadership transition for the technology services company.

Leadership Appointment Details

The board approved Mr. Krishna Bodanapu's appointment based on recommendations from the Leadership Nomination & Remuneration Committee. The appointment specifics are outlined below:

Mr. Krishna Bodanapu brings extensive experience to this role, having served as a director on the company's board since 2014. An alumnus of the Kellogg School of Management, Northwestern University, he has been responsible for providing strategic direction to the company and creating long-term value for stakeholders. His industry involvement includes membership in several associations such as CII and the India-US CEO Forum, where he is recognized for advancing technology use in engineering and manufacturing practices.

Subsidiary Board Appointments

The board addressed regulatory compliance requirements under Regulation 24(1) of the SEBI (LODR) Regulations, 2015, by appointing independent directors to material subsidiaries:

These appointments ensure proper governance oversight across the company's international operations and maintain compliance with regulatory frameworks.

Governance Structure Changes

The board implemented additional governance enhancements, including the nomination of Mr. Sunil Bhumralkar as Lead Independent Director. The Audit & Risk Management Committee was also reconstituted with a new leadership structure:

Family Connection and Disclosure

As part of the transparency requirements, the company disclosed that Krishna Bodanapu is the son of BVR Mohan Reddy, who serves as Founder Chairman & Board Member of Cyient. This relationship disclosure ensures full transparency in accordance with corporate governance standards.

The board meeting concluded at 7:55 pm IST on March 31, 2026, with all decisions documented and communicated to the stock exchanges. The company has committed to making this information available on its website at www.cyient.com for stakeholder reference.