Cyient Limited has completed the allotment of 3623 equity shares to company associates following the exercise of stock options under its employee stock option plans. The allotment was officially communicated to both BSE Limited and National Stock Exchange of India on March 4, 2026.

Stock Option Exercise Details

The equity shares were allotted upon exercise of stock options under two specific employee stock option plans operated by the company:

Corporate Communication

The allotment was formally communicated through an official filing to stock exchanges, signed by Ravi Kumar Nukala, Deputy Company Secretary of Cyient Limited. The communication was digitally signed and timestamped at 20:11:40 IST on March 4, 2026.

Employee Stock Option Plans

The allotment represents the conversion of employee stock options into equity shares under two distinct plans:

• ASOP 2015: An employee stock option plan established in 2015
• ARSUS 2020: A more recent stock option scheme introduced in 2020

These plans are designed to provide equity participation opportunities to company associates, aligning their interests with long-term shareholder value creation.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing both major Indian stock exchanges about this corporate action. The formal communication ensures transparency and maintains compliance with listing requirements for equity allotments under employee stock option schemes.

Cyient Limited has announced strategic leadership transitions to accelerate its next phase of organizational evolution. Effective April 1, 2026, Prabhakar Atla will transition from Chief Financial Officer to Chief Operating Officer, while Shrinivas Kulkarni has been appointed as the new Chief Financial Officer.

These appointments reflect Cyient's continued evolution toward a performance-driven operating model and its broader growth strategy aligned with the company's Embracing Intelligence way of working – integrating Human Knowledge, Domain Expertise, and Technology to maximize stakeholder value.

Leadership Transition Details

The board meeting held on March 3, 2026, approved these strategic appointments based on recommendations from the Leadership, Nomination and Remuneration Committee and the Audit Committee. The leadership changes are designed to support Cyient's AI-led growth trajectory and operational excellence agenda.

Prabhakar Atla's Transition to COO

Prabhakar Atla, currently serving as Chief Financial Officer, will assume the role of Chief Operating Officer. A Cyient veteran with more than two decades of leadership experience, Atla has played a pivotal role in strengthening the company's strategic direction and business resilience.

As COO, he will be responsible for scaling next-generation delivery models, developing future-ready talent, and enriching client experience through effective operating models. His focus will be on improving execution agility, driving operational scalability, and achieving excellence in customer-centric delivery.

Shrinivas Kulkarni Appointed as CFO

Shrinivas Kulkarni, who most recently served as CFO of Cyient DLM, will assume the role of Chief Financial Officer of Cyient Limited. Kulkarni has led multiple initiatives in the Cyient group over the last decade, driving financial discipline, operational efficiency, improved cash conversion, and margin expansion.

In his new role, he will be responsible for guiding Cyient's global financial strategy, managing investor relations, and overseeing business finance to support competitiveness and industry-leading profitability. His expertise spans Corporate Finance, Business Finance, Treasury, Taxation, M&A, and Investor Relations.

Strategic Vision and Leadership Comments

Commenting on the leadership transition, Sukamal Banerjee, Executive Director and Chief Executive Officer of Cyient, stated that the company's next phase of growth requires leaders who combine deep institutional knowledge with a sharp execution mindset. He emphasized that these appointments reflect the company's commitment to financial rigor, performance excellence, and long-term stakeholder value creation.

Prabhakar Atla expressed his excitement about the transition, highlighting his 20-year journey at Cyient and the opportunity to build on the company's strong foundation in a broader capacity. Shrinivas Kulkarni emphasized finance's pivotal role in fueling strategic investments, bolstering profitability, and enhancing stakeholder value as Cyient accelerates its AI-led growth trajectory.

Regulatory Compliance and Communication

The appointments comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided required disclosures pursuant to relevant SEBI and exchange circulars regarding changes in Key Managerial Personnel.

The formal communication was signed by Deputy Company Secretary Ravi Kumar Nukala and submitted to both BSE Limited (Scrip Code: 532175) and National Stock Exchange of India Limited (Scrip Code: CYIENT). Additional information has been made available on the company's website at www.cyient.com .