Cyient Limited seeks shareholder approval via postal ballot for a ₹720 crore buyback of up to 6.4 million equity shares at ₹1,125 per share.
The company also proposes re-appointment of Krishna Bodanapu as Executive Vice-Chairman and Managing Director for three years with monthly salary up to ₹30 lakh.
Remote e-voting period runs from 12 May 2026 to 10 June 2026, with results to be announced within two working days after voting concludes.
The buyback represents 5.76% of paid-up capital and will be funded from surplus cash, not borrowed funds, with 15% reservation for small shareholders.