Cyient DLM Limited , a prominent player in the electronic manufacturing services sector, has announced the appointment of Dr. Ganesh Natarajan as an Independent Director to its Board. The appointment, effective from October 14, 2025, is for a three-year term, subject to shareholder approval.

Board Approval and Nomination Process

The decision to appoint Dr. Natarajan was made during a board meeting held on October 14, 2025. This appointment follows a recommendation from the company's Nomination and Remuneration Committee, adhering to corporate governance best practices.

Dr. Ganesh Natarajan's Profile

Dr. Natarajan brings a wealth of experience to Cyient DLM's board. He currently serves as the Chairman of several organizations, including:

• 5F World
• GTT Data Solutions
• EPPS
• Honeywell Automation India
• Lighthouse Communities

His illustrious career includes leading roles in the growth of APTECH and Zensar. Dr. Natarajan is also a published author and has held leadership positions in industry bodies, including chairing NASSCOM.

Implications for Cyient DLM

The addition of Dr. Natarajan to the board is expected to bring valuable insights in areas such as:

• Business transformation
• Innovation
• Strategic leadership

His extensive experience across multiple boards positions him well to contribute to Cyient DLM's governance and strategic direction.

Regulatory Compliance

In line with regulatory requirements, Cyient DLM has confirmed that Dr. Natarajan:

1. Is not related to any directors, key managerial personnel, or promoters of the company.
2. Has not been debarred from holding a directorship by any regulatory authority.

This appointment aligns with Cyient DLM's commitment to maintaining a strong and diverse board composition, potentially enhancing its corporate governance structure and strategic capabilities in the electronic manufacturing services industry.

Cyient DLM Limited , a prominent player in the electronic manufacturing services sector, has reported a mixed set of financial results for the second quarter. The company demonstrated resilience in profitability despite facing challenges in revenue growth.

Financial Performance Highlights

Cyient DLM experienced a significant year-on-year decline in revenue, which dropped by 20.2% to ₹3,106.34 million in Q2 FY26 from ₹3,894.50 million in the same quarter last year. This decrease was primarily attributed to the completion of a large order, as mentioned in the company's investor presentation.

Despite the revenue contraction, the company managed to maintain its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) relatively stable at ₹312 million, compared to ₹316 million in Q2 FY25, representing a marginal decline of 1.4% year-on-year.

Improved Profitability

A notable achievement for Cyient DLM this quarter was the significant improvement in its EBITDA margin, which expanded by 192 basis points to reach 10.04%, up from 8.12% in the corresponding quarter of the previous year. This enhancement in operational efficiency demonstrates the company's ability to optimize costs and improve productivity despite challenging market conditions.

The company's bottom line saw a substantial boost, with consolidated net profit more than doubling to ₹321.45 million, compared to ₹154.54 million in Q2 FY25. This remarkable 108% year-on-year increase in net profit underscores Cyient DLM's focus on profitability and effective cost management.

Strategic Developments

According to the investor presentation, Cyient DLM has made strategic progress on several fronts:

1. The company added two global new logos in Q2, including a Japanese EVOTL (Electric Vertical Take-Off and Landing) company focused on future mobility and an EV charging company.
2. Cyient DLM reported a 130% year-on-year growth in the first half of the fiscal year's order intake.
3. The company has strengthened its technology organization with key investments in Build to Specification (B2S) capabilities.
4. Management continues to explore M&A opportunities to expand global presence and capabilities.

Order Book and Future Outlook

The company's order backlog expanded during the quarter, driven by a robust order intake of approximately ₹4,977 million. This strong order book, which stood at ₹22,911 million at the end of Q2 FY26, provides visibility for future revenue streams and indicates potential for growth in the coming quarters.

Cyient DLM's focus on diversification is evident from its efforts to expand its non-Aerospace and Defense business, with particular emphasis on the medical and industrial segments, as well as new industries like electric vehicles.

While the company faces near-term challenges in revenue growth, its improved profitability metrics and strategic initiatives position it well for future opportunities in the dynamic electronic manufacturing services market.