Cyient Limited (CYIENT) — Buyback / Redemption

📢 Key Event
Board approves up to 6.4 million share buyback at INR 1,125 per share for INR 720 crore

🔄 What Changed
Buyback size and price approved, 15% small shareholder reservation set, committee constituted

🔮 What's Next
Buyback to commence after postal ballot results and conclude upon payment; no new share issuance for one year

💡 Investor Takeaway
The buyback returns surplus cash to shareholders and improves return on equity by reducing equity base.

Cyient Limited approved a buyback of up to 6.4 million shares at INR 1,125 per share for a total of INR 720 crore, representing 5.76% of paid-up capital and 14.09% of free reserves as of March 31, 2026. The tender offer will reserve 15% of shares for small shareholders and fund the repurchase from free reserves and securities premium without borrowed funds. The Board has authorized the Buyback Committee-2026 to manage implementation, regulatory approvals, and compliance with SEBI, Companies Act, and FEMA regulations. The buyback will commence after postal ballot results and conclude upon payment, with no new share issuance permitted for one year post-completion.

📄 View Original Announcement (PDF)

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