Cyient Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Cyient as an independent director. The company is seeking to appoint Murali Yadama, who was initially appointed as an additional director on July 23, 2026.

The appointment requires approval via a special resolution through remote e-voting. The voting window opens on September 11, 2026, and closes on October 10, 2026. Results will be announced by October 11, 2026.

Key Details of the Appointment

The board of directors recommended Yadama’s appointment based on his expertise in manufacturing, strategy, and governance. He will serve a term of five consecutive years, from July 23, 2026, to July 22, 2031. Yadama will not be liable to retire by rotation.

Professional Background

Yadama is a first-generation entrepreneur with over two decades of experience in the construction materials industry. He serves as the Vice-Chairman and Managing Director of MYK Laticrete India Pvt Ltd and Founder and Director of MYK Arment. He holds a Bachelor of Engineering degree in Ceramic and Cement Technology.

Under his leadership, MYK Group expanded from a five-member team in 2000 to a market-leading brand with more than 2,000 employees. The board noted that his technical expertise in ceramic and cement engineering and strategic insights would add value to the company’s governance structure.

Voting Process

Shareholders holding shares as on the cut-off date of September 4, 2026, are eligible to vote. The company engaged KFin Technologies Limited to facilitate the remote e-voting process. Notices were sent electronically to members with registered email addresses with the depositories or the registrar.

Members can cast their votes via the NSDL or CDSL e-voting systems or directly through the KFin Technologies portal. Corporate members must submit certified board resolutions along with their votes. The scrutinizer for the postal ballot is Manish Kumar Singhania, a practicing company secretary.

Bandhan Mutual Fund increased its equity stake in Cyient to 5.0265% following an open market acquisition on September 3, 2026. The fund purchased 36,186 shares, representing a 0.0346% increase in its holding relative to the company’s total paid-up capital.

The disclosure was filed with BSE Limited and the National Stock Exchange of India Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bandhan AMC Limited, acting as the investment manager for the mutual fund, submitted the filing on September 7, 2026.

Acquisition Details

The acquisition was executed entirely through open market transactions. There were no encumbrances, pledges, or convertible securities involved in the transaction. The fund’s holding prior to this acquisition stood at 4.9919%, or 52,29,204 shares.

Regulatory Context

The filing confirms that Bandhan Mutual Fund is not part of the promoter group of Cyient Limited. The total diluted share capital of the target company remains at INR 52,80,07,645, comprising 10,56,01,529 equity shares with a face value of ₹5 each. The acquisition does not alter the total voting capital of the company, which stands at INR 52,37,64,945.