News Corporate Actions Cyient DLM shareholders approve IPO proceeds variation through postal ballotCyient DLM shareholders approve IPO proceeds variation through postal ballot
Cyient DLM Limited successfully completed its postal ballot process with shareholders overwhelmingly approving variation in IPO proceeds utilization and extension of time limit. The special resolution received 99.9967% votes in favour from 63,706,196 polled votes representing 80.2705% of outstanding shares, with all shareholder categories showing strong support and full regulatory compliance confirmed by the appointed scrutinizer.
*this image is generated using AI for illustrative purposes only.
Cyient DLM Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving a special resolution for variation in the Initial Public Offering proceeds utilization and extension of the time limit. The company announced the results on March 9, 2026, following the completion of the remote e-voting process conducted under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Postal Ballot Results Overview
The postal ballot, conducted pursuant to Section 108 and Section 110 of the Companies Act, 2013, addressed a single special resolution regarding variation in the objects and terms of utilization of IPO proceeds. The voting process was scrutinized by Manish Kumar Singhania, a practicing Company Secretary appointed by the Board of Directors on January 20, 2026.
| Parameter: | Details |
|---|---|
| Total Shareholders on Record Date: | 104,162 |
| Record Date: | January 30, 2026 |
| Voting Period: | February 7 - March 8, 2026 |
| E-voting Platform: | Kfin Technologies Limited |
| Resolution Type: | Special Resolution |
| Scrip Code (BSE): | 543933 |
| Scrip Code (NSE): | CYIENTDLM |
Voting Results by Category
The resolution received exceptional support across all shareholder categories, with 99.9967% of polled votes cast in favour. The total polling percentage reached 80.2705% of outstanding shares.
| Category: | Shares Held | Votes Polled | Polling % | Votes in Favour | Votes Against | Favour % |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group: | 41,366,502 | 41,366,502 | 100.0000% | 41,366,502 | 0 | 100.0000% |
| Public-Institutions: | 23,327,180 | 22,290,857 | 95.5574% | 22,290,857 | 0 | 100.0000% |
| Public-Non Institutions: | 14,670,714 | 48,837 | 0.3329% | 46,733 | 2,104 | 95.6917% |
| Total: | 79,364,396 | 63,706,196 | 80.2705% | 63,704,092 | 2,104 | 99.9967% |
Resolution Details and Compliance
The special resolution specifically addressed variation in the objects and terms of utilization of Initial Public Offering proceeds and extension of time limit for utilization of the IPO proceeds. The promoter and promoter group were not interested in the agenda or resolution, ensuring independent shareholder decision-making.
| Compliance Parameter: | Details |
|---|---|
| Notice Date: | January 20, 2026 |
| Public Notice Publication: | February 7, 2026 |
| Newspapers: | Business Standards (English), Mana Telangana (Telugu) |
| Cut-off Date: | January 30, 2026 |
| Regulatory Framework: | Companies Act 2013, SEBI LODR 2015 |
Scrutinizer Report and Voting Process
The remote e-voting process commenced at 9:00 AM on February 7, 2026, and concluded at 5:00 PM on March 8, 2026. Votes were unblocked and downloaded at 5:33 PM on March 8, 2026, from Kfin Technologies Limited's e-voting platform in the presence of two independent witnesses.
| Voting Method: | Members Voting | Votes Cast | Result |
|---|---|---|---|
| In Favour - Remote E-Voting: | 298 | 63,704,092 | 100.00% |
| Against - Remote E-Voting: | 24 | 2,104 | 0.00% |
| Invalid/Abstain: | 4 | 662 | - |
The scrutinizer's report, prepared by Manish Kumar Singhania (CP No. 8068, Membership No. 22056), confirmed the fair and transparent conduct of the entire voting process. All regulatory compliance requirements under the Companies Act, 2013, and SEBI regulations were met during the postal ballot process.
Historical Stock Returns for Cyient DLM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.01% | -3.08% | -18.53% | -36.79% | -28.68% | -30.14% |
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