Cyient Limited has informed the Exchange regarding Notice of Postal Ballot
CYIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cyient Limited is seeking shareholder approval via postal ballot for two resolutions: (1) A share buyback of up to 64 lakh equity shares (5.76% of capital) at INR 1,125 per share, totaling INR 720 crores, representing 20.31% of standalone free reserves. The buyback excludes promoters and will be executed via tender offer through Indian stock exchanges. (2) Re-appointment of Mr. Krishna Bodanapu as Executive Vice-Chairman and Managing Director for 3 years from April 3, 2026 to April 3, 2029, with salary between INR 20-30 lakhs per month plus commission up to 2.5% of profits and perquisites up to INR 50 lakhs annually. The e-voting period runs from May 12, 2026 to June 10, 2026.
The INR 720 crore buyback signals strong cash position (surplus of ~INR 9,408 million on standalone basis) and returns capital to minority shareholders. The re-appointment provides continuity in leadership. Both resolutions require shareholder approval.