Independent Director Matangi Gowrishankar resigns from Cyient board

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CYIENT · price

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Price reactionminutes from the announcement price · days from the prior close

-4.5%Reaction day

₹1139.00

prior close

₹1132.00

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.9%-2.5% vs market

IT Enabled Services peers, median of 74sector-2.3%-2.2% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Smallcap 250 and 2.2 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · IT Enabled Services peers, median of 74Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ms. Matangi Gowrishankar (DIN: 01518137) has resigned as Independent Director of Cyient Limited effective January 22, 2026, for personal reasons. She also steps down as Chairperson of the Nomination and Remuneration Committee and from boards of material subsidiaries Cyient Inc. and Cyient Europe Limited. She served on the board for nearly 7 years and confirmed no other material reasons for the resignation. She continues as Independent Director on 5 other listed entities.

Likely market impact

Loss of a seasoned independent director and Nomination Committee chair. No governance red flags, but board composition changes ahead.