Cyient Limited has confirmed the dispatch of the Postal Ballot Notice to its members regarding the proposed buyback of equity shares and the re-appointment of its Executive Vice-Chairman and Managing Director. The notice was sent electronically on Monday, 11 May 2026, to members whose email addresses are registered with the Company or depository participants as on the Cut-off Date of 08 May 2026. Subsequently, on 13 May 2026, the Company Secretary Sudheendra Putty confirmed the publication of newspaper advertisements in Business Standard (all editions) and Mana Telangana, formally notifying the dispatch of the Notice in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Buyback and Re-appointment Proposals

The Board of Directors had previously approved two key resolutions to be put to shareholders via the postal ballot process. The first is the buyback of up to 64,00,000 fully paid-up equity shares at a price of INR 1,125 per share, aggregating to INR 720,00,00,000 (Indian Rupees Seven Hundred Twenty Crores). The buyback is proposed through the tender offer route and excludes promoters and members of the promoter group. The second resolution pertains to the re-appointment of Mr. Krishna Bodanapu (DIN: 00605187) as Executive Vice-Chairman and Managing Director for a period of three years from 03 April 2026 to 03 April 2029, subject to shareholder approval.

E-Voting Schedule and Process

Shareholder approval is being sought exclusively through remote e-voting. The facility commenced at 09:00 A.M. IST on Tuesday, 12 May 2026, and will conclude at 05:00 P.M. IST on Wednesday, 10 June 2026, after which the e-voting facility will be disabled by the RTA. KFin Technologies Limited, the Company's Registrar and Share Transfer Agent, has been engaged to facilitate the electronic voting process. Members who have not registered their email addresses may do so through their Depository Participant for shares held in electronic form, or by writing to KFin Technologies Limited at Selenium, Tower B, Plot No-31&32, Financial District, Nanakramguda, Serilingampally, Hyderabad-500032, Telangana, for shares held in physical form.

Scrutinizer and Results Declaration

Mr. Manish Kumar Singhania, Practicing Company Secretary (Membership No. ACS 22056; CP No. 8068), has been appointed as the Scrutinizer to conduct the e-voting process in a fair and transparent manner. The Scrutinizer will submit the report to the Chairman or any other authorized person after the completion of scrutiny. The results will be announced on or before Friday, 12 June 2026, and will be communicated to BSE Limited and National Stock Exchange of India Limited. The declared results will also be uploaded on the Company's website at www.cyient.com and on the website of KFin Technologies Limited at https://evoting.kfintech.com/ .

U.S. Regulatory Disclosure

The Company has noted that the buyback has not yet been approved by shareholders and has therefore not yet commenced. The communication is provided for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to purchase any securities. The buyback is subject to the grant of certain exemptions and no-action relief by the staff of the U.S. Securities and Exchange Commission (SEC) to allow the buyback to be made to eligible shareholders in the U.S. without breaching the rules under the Securities Exchange Act of 1934, as amended. Shareholders are advised to carefully read all documents relating to the buyback prior to making any decision.

Cyient Semiconductors Private Limited has announced the launch of seven new gallium nitride (GaN) power devices for the Indian market, developed using Navitas Semiconductor's industry-leading GaN technology. The launch marks Cyient Semiconductors' first commercial GaN product family and a major milestone in advancing India's domestic power semiconductor ecosystem. The new portfolio targets emerging applications across Edge AI Computing and E-Mobility, and is designed to address growing demand for high-efficiency, high-power-density solutions across AI data centers, telecommunications, consumer fast charging, industrial power systems, and e-mobility platforms.

Strategic Collaboration with Navitas Semiconductor

Building on a strategic collaboration announced in December 2025, the partnership enables customers in India to access commercially available GaN power solutions with enhanced local support, supply assurance, and alignment with emerging domestic sourcing initiatives. Under the agreement, Cyient Semiconductors will license Navitas's proven GaN technology for use in India, accelerating the adoption of high-performance GaN solutions across a broad range of markets. In addition, Cyient Semiconductors will serve as a second source for select Navitas GaN devices already in mass production, strengthening supply chain resilience.

Technical Advantages of GaN Power Semiconductors

Compared to traditional silicon devices, GaN power semiconductors offer several performance benefits that make them attractive for next-generation power applications:

• Significantly higher switching speeds
• Lower conduction losses
• Improved thermal efficiency
• Reduced power losses and smaller solution size
• Simplified thermal management and increased overall system performance

The initial GaN portfolio targets power applications up to 650V, including consumer USB-PD chargers, laptop and mobile adapters, AC-DC power supplies, AI data center and telecommunications power systems, and e-mobility charging platforms.

Product Portfolio: Seven GaN Power ICs

The first wave of products includes seven highly integrated GaN power devices in easy-to-assemble DPAK packages, combining drive, control, and protection functions with integrated EMI management and current sensing. The following table outlines the complete product lineup:

This level of integration is designed to simplify system design and ease adoption, addressing a critical intersection point for customers in India that prioritize faster time-to-market, high reliability, and system-level efficiency.

Leadership Commentary

Suman Narayan, CEO, Cyient Semiconductors, stated, "With this launch, Cyient Semiconductors is introducing its first family of GaN power ICs, marking our entry into high-performance power semiconductors with a strong roadmap for expansion. Built on Navitas' proven GaN platform, these highly integrated devices are designed to accelerate adoption and support next-generation power applications. This represents the foundation of a broader GaN portfolio that will address the growing power and efficiency demands of AI infrastructure, industrial systems, consumer power, and e-mobility applications."

Chris Allexandre, President and CEO of Navitas Semiconductor, said, "India is a key market in Navitas's high growth, high power strategy with Navitas 2.0. This launch furthers our vision of a robust local supply chain and manufacturing in India for the government's 'Make in India' initiatives. The partnership with Cyient delivers a strong local support infrastructure for our customers as we pivot our India strategy to focus on GaN based product enablement and customer success."

Roadmap and Availability

Cyient Semiconductors plans to expand its GaN portfolio through partnerships with local OSATs. The licensing agreement with Navitas Semiconductor is intended to enable the domestic manufacturing of GaN power devices in India over time. This phased approach prioritizes ecosystem readiness and scale in the near term, while creating a pathway toward deeper technology participation and indigenous value creation. Cyient Semiconductors expects to begin sampling the first set of GaN power products by June 2026. Customers can contact Cyient Semiconductors directly for datasheets, samples, and technical support.