Cyient Limited has informed the Exchange regarding Outcome of Board Meeting held on March 31, 2026.
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Cyient's board, at its March 31, 2026 meeting, approved the re-appointment of Mr. Krishna Bodanapu as Executive Vice Chairman & Managing Director for three years starting April 3, 2026, pending shareholder approval. Krishna, son of Founder Chairman BVR Mohan Reddy, has been on the board since 2014 and is a Kellogg School of Management alumnus. The board also appointed independent directors on its material subsidiaries Cyient Inc. (US) and Cyient Europe Limited (UK) as required by SEBI regulations. Mr. Sunil Bhumralkar was nominated as Lead Independent Director and will chair the newly reconstituted Audit & Risk Management Committee, joined by Mr. PR Ramesh and Mr. MM Murugappan.
Continuity in leadership is positive for shareholders, as Krishna Bodanapu brings established strategic direction. The strengthened independent oversight on the main board and subsidiaries, along with a new Lead Independent Director, signals improved corporate governance, though the appointment is still subject to shareholder vote.