Notice of Postal Ballot
CYIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cyient Ltd has issued a postal ballot notice seeking shareholder approval for two resolutions. First, a buyback of up to 64 lakh equity shares (5.76% of paid-up capital) at INR 1,125 per share, aggregating INR 720 crore. This represents 20.31% of standalone and 14.09% of consolidated free reserves as of March 31, 2026. The buyback will be implemented through the tender offer route on Indian stock exchanges (BSE and NSE), excluding promoters. Second, the re-appointment of Mr. Krishna Bodanapu as Executive Vice-Chairman and Managing Director for 3 years from April 3, 2026, with monthly salary of INR 20-30 lakh plus commission up to 2.5% of profits and perquisites up to INR 50 lakh annually. E-voting runs from May 12 to June 10, 2026.
The INR 720 crore buyback signals management confidence in the company's value and provides liquidity to shareholders at a premium. The re-appointment ensures leadership continuity for the IT services company. Approval of both resolutions is expected by June 10, 2026.