Cyient Limited announced the results of its postal ballot conducted through remote e-voting process that concluded on 10 June 2026. The shareholders approved two resolutions with requisite majority.

Resolution 1: Buyback of Equity Shares (Special Resolution)

  • Approved buyback of up to 6,400,000 fully paid-up equity shares of face value ₹5 each
  • Buyback price: ₹1,125 per equity share
  • Total buyback size: ₹720 crores
  • Represents 20.31% and 14.09% of the aggregate of paid-up share capital and free reserves based on latest audited standalone and consolidated financial statements as at 31 March 2026
  • Represents 5.76% of the existing fully paid-up equity share capital
  • 15% of shares reserved for small shareholders (those holding shares worth ≤ ₹2,00,000 as on record date)
  • Buyback to be implemented through tender offer route using Indian stock exchanges
  • Funding from company's current surplus, cash balances, and internal accruals (not borrowed funds)
  • Buyback period commences from date of declaration of postal ballot results

Voting Results for Buyback Resolution:

  • Total votes cast: 80,322,203 shares (72.2861% of outstanding shares)
  • Votes in favor: 80,322,203 shares (99.99% of votes cast)
  • Votes against: 6,547 shares (0.01% of votes cast)
  • Invalid/abstain votes: 3,617 shares from 14 members

Resolution 2: Re-appointment of Mr. Krishna Bodanapu (Ordinary Resolution)

  • Re-appointed as Executive Vice-Chairman and Managing Director for 3 years from 03 April 2026 to 03 April 2029
  • Salary: ₹20-30 lakh per month (progressive increase based on performance)
  • Commission: Up to 2.5% of profits based on yearly performance criteria and long-term value generation initiatives
  • Perquisites: Valued up to ₹50 lakh per annum including medical reimbursement, LTA, club fees, PF, gratuity, company cars, telephone
  • Overall remuneration subject to limits prescribed under Companies Act, 2013 and Schedule V
  • Termination requires 6 months' notice from either side

Voting Results for MD Re-appointment:

  • Total votes cast: 80,327,296 shares (72.2848% of outstanding shares)
  • Votes in favor: 78,853,423 shares (98.17% of votes cast)
  • Votes against: 1,473,873 shares (1.83% of votes cast)
  • Invalid/abstain votes: 5,220 shares from 25 members

Process Details:

  • Cut-off date for eligibility: 8 May 2026
  • Total shareholders on record date: 230,776
  • Remote e-voting period: 12 May 2026 (9:00 AM) to 10 June 2026 (5:00 PM)
  • Scrutinizer: Manish Kumar Singhania, Practicing Company Secretary
  • E-voting service provider: KFin Technologies Limited
  • Newspaper advertisements published in Business Standard (12 May 2026) and Mana Telangana (12-13 May 2026)
  • Results declared on 10 June 2026 after unblocking votes at 5:01 PM

Additional Information:

  • The company will need exemptive relief from U.S. SEC for certain aspects of the buyback
  • Buyback excludes promoters and promoter group members
  • Transaction costs (brokerage, fees, taxes) are excluded from the ₹720 crore buyback size
  • The results are available on the company's website at www.cyient.com