Cyient Limited has announced that the recently introduced $100,000 one-time fee for each new H-1B visa petition by the US government will not significantly affect its financial outlook for the fiscal year 2026 (FY26).

Limited Exposure to H-1B Visas

In a regulatory filing dated September 21, 2025, Cyient revealed that it had deployed only six employees on H-1B visas in the previous fiscal year. This limited reliance on H-1B visas aligns with the company's strategy of building a global talent pool while maintaining a local approach in its operations.

Industry-Wide Response

Cyient's statement comes amid similar clarifications from other IT service providers, including Mphasis, Persistent Systems, Sasken Technologies, Firstsource Solutions, and Coforge. These companies have also indicated that the new visa fee policy would not materially impact their financials.

New H-1B Visa Policy Details

The new policy, stemming from a recent order by US President Donald Trump, introduces a $100,000 one-time fee for each new H-1B visa petition. This fee will be effective from September 21, 2025, and will not apply to existing H-1B visas or petitions filed before this date.

Market Reaction and Clarifications

Following the announcement of the new visa fee, US-listed shares of major Indian IT firms like Infosys and Wipro experienced a drop of up to 4.00% on Friday. However, subsequent clarifications from various IT companies, including Cyient, have provided some relief to the sector.

Cyient's Global Strategy

Sudheendhra Putty, Company Secretary of Cyient, emphasized the company's philosophy in the regulatory filing: "Cyient's philosophy has always been in building a truly global engineering and technology enterprise to support our diversified portfolio of businesses. We are local in our approach to build talent and global in our outlook, which defines our market leadership and our risk mitigation approach in today's rapidly evolving world."

This approach appears to have positioned Cyient favorably in light of the new H-1B visa regulations, minimizing potential financial impacts on the company's operations.

As the IT services sector adapts to these new regulations, companies like Cyient that have diversified their talent acquisition strategies and maintained a global-local balance may find themselves better equipped to navigate the changing landscape of international workforce deployment.

Cyient Limited has successfully completed the shareholder approval process for the appointment of Mr. Sunil Ramakant Bhumralkar as Non-Executive Independent Director. The appointment, which was initially approved by the Board of Directors for a three-year term commencing September 19, 2025, has now received overwhelming shareholder support through a postal ballot process concluded on December 15, 2025.

Postal Ballot Results

The postal ballot results demonstrate strong shareholder confidence in the appointment:

E-Voting Process Details

The remote e-voting process was conducted in compliance with regulatory requirements:

Board Appointment Details

The appointment was originally recommended by Cyient's Leadership, Nomination and Remuneration Committee. Mr. Bhumralkar brings over 38 years of professional experience in Assurance and Financial Accounting Advisory services, with extensive background in Big 4 accounting and auditing firms. He is a Fellow Member of the Institute of Chartered Accountants of India.

Regulatory Compliance

Cyient confirmed that Mr. Bhumralkar meets all independence criteria and is not related to any Directors, Key Managerial Personnel, Promoters, or members of the Promoter group. The appointment process was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance Impact

This strategic addition to Cyient's board reinforces the company's commitment to maintaining strong corporate governance practices. The overwhelming shareholder approval reflects confidence in the appointment's potential contribution to the company's governance and strategic direction as it continues to navigate the evolving technology solutions landscape.