Cyient Limited appointed Muralidhar Yadama as a Non-Executive, Independent Director, effective July 23, 2026. The Board of Directors approved the appointment following a recommendation from the Leadership, Nomination and Remuneration Committee (LNRC). Mr. Yadama will serve a term of five consecutive years, subject to shareholder approval at the upcoming general meeting.

The appointment was disclosed to the Bombay Stock Exchange and National Stock Exchange of India Ltd on July 23, 2026, at 16:30 hrs IST. The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, in its filing.

Director Profile

Mr. Yadama brings extensive experience in the building material industry, currently serving as the Managing Director of MYK Laticrete and Founder & Director of MYK Arment. He holds a Bachelor of Engineering degree in Ceramic & Cement Technology. His professional background includes technical proficiency in ceramic and cement engineering, which he has leveraged to introduce advanced products to the Indian construction sector.

Regulatory Compliance

The company confirmed that Mr. Yadama meets the independence criteria prescribed under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. He is not related to any existing Directors, Key Managerial Personnel, or Promoters of Cyient Limited. Additionally, referencing NSE Circular NSE/CML/2018/02 dated June 20, 2018, the company affirmed that Mr. Yadama is not debarred from holding office as a director by SEBI or any other authority.

Context

This appointment follows Cyient’s strong financial performance in Q1 FY27, where net profit rose 66% to ₹1,087 million. The Board previously approved the acquisition of TAO Digital Solutions Inc. for approximately $218 million, signaling continued expansion in its digital capabilities.

Cyient Limited has successfully completed the buyback of 64,00,000 fully paid-up equity shares, representing a significant return of capital to shareholders. The company repurchased the shares at a price of ₹1,125 per equity share, involving an aggregate consideration of ₹720 crore. The buyback was executed through the tender offer route, and the post-buyback public announcement was published on 9 July 2026.

The regulatory filing confirms that the post-buyback public announcement dated 8 July 2026 was disseminated to the public via major newspapers. This disclosure was made in compliance with Regulation 24(vi) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018.

Axis Capital Limited served as the manager to the buyback. The official announcement and related details have been made available on the company's website, the manager's website, and the respective stock exchange platforms where the shares are listed.

Key Buyback Details