Cyient Dlm Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
CYIENTDLM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cyient DLM shareholders have approved a special resolution via postal ballot to vary the objects/terms of utilisation of IPO proceeds and extend the time limit for using those funds. Voting was conducted through remote e-voting from 7 February to 8 March 2026, with 80.27% of outstanding shares participating. Of the 6.37 crore shares voted, 99.9967% were in favour and only 0.0033% against. Promoters and promoter group (4.14 crore shares) and public institutions (2.23 crore shares) voted 100% in favour, while public non-institutions showed 95.69% support with just 2,104 shares dissenting. The resolution was passed with overwhelming majority and no promoter interest was declared in the agenda.
Shareholders have greenlit the company's request to reallocate or extend the use of IPO funds, giving management more flexibility on deployment timelines. This is a procedural but important clearance — strong support from promoters and institutions signals confidence in the company's revised capital plan, though retail investors should watch for the updated deployment schedule.