Cyient Limited has commenced the tender process for its ₹7,200 crore buyback of equity shares, following shareholder approval via postal ballot on June 10, 2026. The company is offering to repurchase up to 64,00,000 fully paid-up equity shares at a price of ₹1,125 per share, aggregating to ₹7,200 crore. The buyback represents 20.31% and 14.09% of the aggregate of the paid-up share capital and free reserves as per the standalone and consolidated financial statements for the year ended March 31, 2026, respectively.

Buyback Timeline and Process

The company has fixed Wednesday, June 17, 2026, as the record date to determine shareholder eligibility. The tender offer window opens on Tuesday, June 23, 2026, and closes on Tuesday, June 30, 2026. The offer is being executed through the tender offer route on the BSE, which serves as the designated stock exchange. Axis Capital Limited has been appointed as the manager to the offer and the registered broker to facilitate the process.

Offer Structure and Funding

The buyback is open to all eligible shareholders, excluding promoters, members of the promoter group, and persons in control, who have expressed their intention not to participate. A minimum of 15% of the shares offered is reserved for small shareholders. The company will utilize free reserves, securities premium account, and internal accruals to fund the repurchase, ensuring that the debt-to-equity ratio does not exceed twice the paid-up capital and free reserves post-buyback.

Management Re-appointment

Alongside the buyback approval, the postal ballot process also secured the re-appointment of Mr. Krishna Bodanapu as Executive Vice-Chairman and Managing Director for a three-year term effective from April 3, 2026, to April 3, 2029.

Cyient Limited will hold its 35th Annual General Meeting (AGM) on Wednesday, July 1, 2026, at 3:00 PM IST via video conference. The meeting complies with Ministry of Corporate Affairs General Circular No. 2/2025 dated September 22, 2025, and relevant SEBI circulars, permitting the AGM without a physical venue. The company has dispatched electronic copies of the AGM notice and the Annual Report 2025-26 to shareholders with registered email addresses as of June 9, 2026.

Shareholders holding shares in physical or dematerialized mode as of the cut-off date, June 24, 2026, are eligible to vote. The company has appointed KFintech to facilitate remote e-voting, which commences on June 28, 2026, at 9:00 AM IST and concludes on June 30, 2026, at 5:00 PM IST. E-voting will also be available during the AGM for those attending via video conference who have not voted remotely.

M/s S. & Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer to oversee the e-voting process. Shareholders who have already cast their votes remotely may attend the meeting but cannot vote again. The company has advised members to update their email addresses with their depository participants to receive statutory communications.

Key Meeting Dates