Cyient DLM Limited announced its unaudited financial results for the third quarter of FY26, ended December 31, 2025, revealing a challenging quarter marked by significant revenue decline despite maintaining profitability. The board of directors approved these results at their meeting held on January 20, 2026.

Financial Performance Overview

The company's consolidated financial performance showed mixed results for Q3FY26. While revenue faced substantial pressure, the company managed to sustain its profit margins and even achieved modest growth in net profit.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company demonstrated better profitability metrics despite revenue challenges. The consolidated results showed revenue of ₹8,924.08 million compared to ₹10,915.71 million in the corresponding period of FY25, marking an 18% decline.

Standalone vs Consolidated Results

The standalone results showed similar trends with Q3FY26 revenue at ₹2,172.98 million compared to ₹3,573.03 million in Q3FY25, representing a 39% decline. Standalone net profit for the quarter was ₹78.87 million versus ₹155.83 million in the previous year, showing a 49% decrease.

Corporate Developments

During the quarter, the board approved several significant corporate actions:

• IPO Fund Utilization: Approved variation in the objects of IPO funds subject to shareholder approval through postal ballot
• Committee Reconstitution: Restructured the Nomination and Remuneration Committee, Audit Committee, and Risk Management Committee with new member compositions
• Board Meeting Duration: The board meeting commenced at 1:45 PM IST and concluded at 3:30 PM IST

IPO Proceeds Utilization Status

The company provided an update on the utilization of its IPO proceeds as of December 31, 2025:

Other Financial Highlights

The company reported other income of ₹42.92 million for Q3FY26 compared to ₹68.50 million in Q3FY25. Total expenses decreased to ₹2,927.32 million from ₹4,360.77 million year-over-year, primarily driven by lower material costs and reduced other expenses. The company maintained its focus on electronic manufacturing services, which remains its only reportable business segment according to Ind AS 108 Operating Segments.

Cyient DLM Limited successfully concluded its postal ballot process on January 12, 2026, with shareholders approving four critical board appointments through special resolutions. The company announced the results to BSE and NSE, confirming that all proposed independent director appointments and re-appointments received the requisite majority support from shareholders.

Postal Ballot Results Overview

The postal ballot, conducted through remote e-voting from December 13, 2025, to January 11, 2026, addressed four key board positions. Shareholders holding shares as of the cut-off date of December 5, 2025, were eligible to participate in the voting process. The company had a total of 106,385 shareholders, with the voting conducted entirely through electronic means.

Director Appointment Results

The four special resolutions covered strategic board appointments aimed at strengthening the company's independent director composition. Each resolution received overwhelming support from the promoter group, while institutional and non-institutional public shareholders showed varying levels of approval.

New Independent Director Appointments

Two new independent directors were appointed to the board with strong shareholder support:

Re-appointments for Second Terms

Two existing independent directors secured re-appointment for their second terms, though with relatively lower approval margins:

Shareholder Category Participation

The voting pattern revealed strong support from the promoter group across all resolutions, with 100.00% approval for each proposal. The promoter and promoter group held 41,366,502 shares and voted entirely in favour of all four resolutions.

Public institutional shareholders showed varying levels of support, with particularly strong backing for the new appointments of Dr. Natarajan and Mr. Aramane, achieving 96.31% and 100.00% approval respectively. However, the re-appointments of Dr. Datla and Mr. Ardeshir received lower institutional support at 69.97% each.

Public non-institutional shareholders demonstrated consistent high approval rates across all resolutions, ranging from 81.60% to 98.28%, indicating broad-based retail investor confidence in the proposed board changes.

Compliance and Process

The postal ballot process was conducted in full compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manish Kumar Singhania, a practicing Company Secretary, served as the scrutinizer for the e-voting process, ensuring transparency and fairness in the voting mechanism.

The remote e-voting facility was provided by Kfin Technologies Limited, with the voting data downloaded and scrutinized in the presence of independent witnesses. Public notices were published in Business Standards (English) and Mana Telangana (Telugu) newspapers on December 13, 2025, informing shareholders about the completion of postal ballot notice dispatch through electronic means.