Cyient DLM Limited has announced its participation in Advantage India - Axis Capital's Flagship India Conference, scheduled for February 11, 2026, in Mumbai. The company informed stock exchanges about this investor engagement in compliance with SEBI (LODR) Regulation, 2015.

Conference Details and Venue

The conference will be held at Hotel Trident BKC in Mumbai on Wednesday, February 11, 2026. The company's senior management team will represent Cyient DLM at the event, including MD & CEO Rajendra Velagapudi, CFO RM Subramanian, and Sr. Director IR Suresh Narayan.

Meeting Schedule and Participants

The company has scheduled multiple investor meetings throughout the day, featuring both one-on-one sessions and group meetings with various institutional investors and mutual funds.

Regulatory Compliance and Information Sharing

Cyient DLM has emphasized its commitment to regulatory compliance, stating that no unpublished price sensitive information pertaining to the company will be shared during any of the meetings with analysts and institutional investors. The company has also noted that the meeting schedule is subject to changes due to exigencies on the part of analysts, investors, or the company.

Key Participants from Investment Firms

The conference will see participation from prominent investment professionals across various asset management companies and mutual funds. Notable participants include representatives from HDFC Mutual Fund, Nippon India Mutual Fund, ICICI Prudential Asset Management, Aditya Birla AMC, Tata Mutual Fund, and several other leading financial institutions.

The announcement was signed by S. Krithika, Company Secretary & Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Ltd on February 7, 2026.

Cyient DLM Limited has issued a postal ballot notice seeking shareholder approval for the variation in utilization of Initial Public Offering (IPO) proceeds. The company proposes to reallocate Rs. 36.85 crores from capital expenditure requirements to incremental working capital needs, representing a strategic shift in fund deployment based on evolving business requirements.

IPO Proceeds Reallocation Details

The proposed variation involves reallocating Rs. 36.85 crores from "Funding Capital Expenditure of our Company" to "Funding Incremental Working Capital Requirements of our Company." This amount represents approximately 6.2% of the total IPO proceeds of Rs. 592.66 crores raised through the fresh issue of 2,23,64,653 equity shares in FY 2023-24.

Current Utilization Status

As of December 31, 2025, the company has achieved significant progress in utilizing IPO proceeds across various objectives. The working capital requirements have been 97.18% utilized with Rs. 8.22 crores remaining unutilized, while capital expenditure utilization stands at 15.43% with Rs. 36.85 crores remaining unused.

Strategic Rationale for Reallocation

The company cited several factors driving the proposed reallocation. Global electronics manufacturing landscape changes since the July 2023 IPO have impacted export markets through tariff-related developments and supply chain realignments. These shifts have caused global OEMs to reassess expansion timelines and capital deployment plans.

Concurrently, Cyient DLM has experienced healthy operational growth with increased customer mandates across Build to Print (B2P) and Build to Specification (B2S) offerings. This growth has expanded working capital needs for procurement cycles, inventory buildup, and timely customer fulfillment beyond original projections.

The acquisition of US entity Altek has further increased short-term working capital requirements for integration-related operational commitments including inventory alignment and transitional support.

Postal Ballot Process

The postal ballot will be conducted through remote e-voting in compliance with Ministry of Corporate Affairs and SEBI circulars. KFin Technology Limited has been engaged to facilitate the remote e-voting process.

Mr. Manish Kumar Singhania, Practicing Company Secretary (ACS 22056), has been appointed as scrutinizer for conducting the postal ballot process in a fair and transparent manner.

Financial Impact and Risk Considerations

The proposed reallocation is expected to have a favorable impact on the company's financial position by strengthening operational capabilities and reducing dependence on external short-term financing. Enhanced working capital availability will enable timely component procurement, adequate inventory maintenance, and uninterrupted customer commitment fulfillment.

However, the company has identified potential risks including actual business expansion varying from current growth assumptions and possible deployment in lower margin business segments. The variation falls within regulatory thresholds under SEBI ICDR provisions, with no exit offer obligations applicable as the reallocation represents less than 25% of total IPO proceeds.

Regulatory Compliance

The proposed variation complies with Sections 13(8) and 27 of the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The postal ballot notice has been sent to all members whose email addresses are registered with the company, depositories, or registrar as of the cut-off date.