Cyient Ltd , a global engineering and technology solutions company, has announced a significant restructuring of its board committees, effective October 16, 2025. This move, aimed at enhancing corporate governance and aligning with the company's future strategic direction, includes the reconstitution of existing committees and the formation of a new Technology & Transformation Committee.

Key Committee Changes

The company has made several notable changes to its board committee structure:

1. Audit Committee and Risk Management Committee: Both committees will now be chaired by Sunil Bhumaralkar, an Independent Director. This dual leadership role underscores the company's commitment to maintaining robust financial oversight and risk management practices.

2. Leadership, Nomination & Remuneration Committee: Matangi Gowrishankar, an Independent Director, has been appointed as the chairperson of this committee, which plays a crucial role in shaping the company's leadership and compensation strategies.

3. New Technology & Transformation Committee: Cyient has established this new committee to be headed by Debjani Ghosh, an Independent Director. This addition reflects the company's focus on staying at the forefront of technological advancements and driving digital transformation.

Committee Compositions

The reconstituted committees now comprise a mix of independent directors and non-executive non-independent directors:

Implications for Corporate Governance

These changes in committee structure and leadership are indicative of Cyient's proactive approach to corporate governance. By appointing independent directors to key positions and creating a dedicated technology committee, the company aims to enhance oversight, foster innovation, and align its governance structure with long-term strategic goals.

The new Technology & Transformation Committee, in particular, signals Cyient's commitment to leveraging technology for business growth and transformation. This committee is expected to play a vital role in guiding the company's technological initiatives and digital strategies.

Additional Corporate Updates

In related news, Cyient also announced the resignation of Vivek Narayan Gour from his position as an Independent Director, effective October 16, 2025. Consequently, he will cease to be the Chairman of the Audit Committee and Risk Management Committee.

Furthermore, the company declared an interim dividend of Rs. 16.00 per equity share (320%) for the financial year 2025-26, with a record date set for October 24, 2025. The dividend is scheduled to be paid by November 12, 2025.

These developments collectively reflect Cyient's ongoing efforts to strengthen its corporate structure, enhance shareholder value, and position itself for future growth in the rapidly evolving technology landscape.

Cyient Limited , a global engineering and technology solutions company, has announced its financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported stable revenue and declared an interim dividend, while also announcing significant changes to its board composition and business structure.

Financial Performance

Cyient's consolidated revenue from contracts with customers for Q2 FY26 stood at ₹17,810.00 million, compared to ₹18,491.00 million in the same quarter last year, showing a slight decrease of 3.7% year-over-year. However, the company maintained stability with a 1% quarter-on-quarter growth in US dollar terms for its Digital, Engineering & Technology (DET) segment.

The company's net profit attributable to shareholders was ₹1,275.00 million for the quarter, down from ₹1,791.00 million in Q2 FY25, marking a 28.8% decrease year-over-year.

Dividend Declaration

In a move to reward shareholders, Cyient's Board of Directors approved an interim dividend of ₹16.00 per equity share, representing a 320% dividend on the face value of ₹5.00 per share.

Business Restructuring and Segment Performance

Cyient has reorganized its business structure, creating a separate Semiconductors segment under Cyient Semiconductors Private Limited. This restructuring aims to streamline operations and focus on growth areas. The company's financial results now reflect this new segmentation:

The DET segment, which includes various industries such as Transportation & Mobility, Networks & Infrastructure, and Strategic Units, showed resilience with a slight growth in constant currency terms quarter-on-quarter.

Key Business Highlights

• Cyient won several notable deals, including a large contract from an aerospace customer for engineering operations.
• The company added 7 new logos across industries in Q2 FY26.
• Key accounts witnessed strong performance with 11% year-over-year and 3% quarter-on-quarter revenue growth.
• Cyient launched the Cyient AI Lab for Schools, empowering 25,000+ students across 50 government schools in Visakhapatnam with AI, STEM, and robotics learning.

Board Changes and Committee Reconstitution

Cyient announced the resignation of Mr. Vivek Gour as an Independent Director. Following this, the company has reconstituted its Audit Committee, Risk Management Committee, and Leadership, Nomination and Remuneration Committee to ensure continued strong governance.

Management Commentary

Krishna Bodanapu, Executive Vice-Chairman and Managing Director, commented on the results, stating, "This quarter, Cyient Group sustained its growth momentum, delivering results in line with expectations across key segments, even amid a challenging macroeconomic and geopolitical environment."

Prabhakar Atla, President and Chief Financial Officer, added, "DET posted a healthy performance this quarter, delivering a revenue of $164.4 million, a growth of 50 bps in constant currency. We are pleased to report that our ongoing Cost Optimization program enabled us to fully offset these additional expenses, and the program is already producing tangible results."

Cyient's focus on diversification, cost optimization, and strategic investments in emerging technologies positions the company to navigate current market challenges while preparing for future growth opportunities.

Investor Relations

Cyient has announced plans to organize an Investor Day on December 11, 2025, in Mumbai, providing an opportunity for deeper engagement with the investment community.

As Cyient continues to adapt to market dynamics and invest in future-ready capabilities, investors and stakeholders will be watching closely to see how these strategic moves translate into long-term value creation.