Cyient buyback 2026: ₹720 crore tender offer at ₹1,125

What Cyient announced

Cyient Limited has announced a share buyback through the tender offer route, allowing eligible shareholders to tender their shares back to the company for cash. The company plans to repurchase up to 6,400,000 fully paid-up equity shares, or 64 lakh shares. This represents 5.76% of Cyient’s existing total paid-up equity share capital. The buyback price has been fixed at ₹1,125 per equity share. The total buyback size is capped at ₹720 crore.

The public announcement was made on June 12, 2026, in India and the United States, and was carried by PRNewswire with datelines from East Hartford, Connecticut and Hyderabad, India. Cyient has stated that the repurchase will be in cash. The buyback is to be executed in line with applicable provisions under the Companies Act, 2013 and SEBI (Buy Back of Securities) Regulations, 2018.

Key dates: board approval, shareholder approval, record date

The buyback proposal was approved by Cyient’s Board of Directors at its meeting held on April 23, 2026. Shareholders later approved the proposal by way of a special resolution through a postal ballot on June 10, 2026. Cyient has also communicated that Wednesday, June 17, 2026 has been fixed as the record date for determining the entitlement and names of shareholders eligible to participate.

A separate detail in the postal ballot process mentioned remote e-voting being open from May 12 to June 10, 2026. This aligns with the shareholder approval timeline through postal ballot. For shareholders, the record date matters because eligibility to participate in the tender offer is determined based on shareholding as of that date.

Buyback structure and price

Cyient’s buyback is structured as a tender offer on a proportionate basis, subject to reservation for small shareholders. The tender offer route typically involves eligible shareholders submitting shares during a specified tendering period, after which the company accepts shares based on entitlement and oversubscription rules.

The buyback price is ₹1,125 per share. The maximum number of shares that can be bought back is 6.4 million, and the maximum cash outflow is ₹720 crore. The equity shares involved have a face value of ₹5 each.

Funding and participation details

The company has indicated the buyback will be funded from free reserves and internal accruals. Another disclosed point is that promoters and promoter group shareholders have expressed their intention not to participate in the proposed buyback, based on letters dated April 21 and April 22, 2026.

Cyient also disclosed that 15% of the buyback is reserved for small shareholders. This is a common feature in Indian tender offer buybacks and is designed to improve the probability of acceptance for retail investors within the defined small shareholder category.

Clarifying the buyback size: ₹720 crore vs other mentions

Across the provided disclosures, Cyient’s aggregate buyback amount is stated as INR 7,200,000,000, which equals ₹720 crore. This figure is also repeated as “₹720 crore (₹72,000 lakh)” in the announcement summaries. Some text snippets also refer to a “₹7,200 crore buyback,” but the company’s stated buyback size is ₹720 crore, supported by the explicit numeric amount of INR 7,200,000,000.

What it means for eligible shareholders

Shareholders who hold Cyient shares as of the record date, June 17, 2026, are eligible to participate in the tender offer. Participation is voluntary. Shareholders who tender shares and have them accepted will receive ₹1,125 per share accepted under the offer.

Acceptance in a tender offer buyback is typically based on entitlement and the level of oversubscription. This means not every share tendered may be accepted. The presence of a small shareholder reservation can influence acceptance levels for that category compared with the general category.

Management commentary on the rationale

Cyient’s Executive Vice Chairman and Managing Director, Krishna Bodanapu, has said the board trusts the fundamentals of the business and believes the intrinsic value is not reflected in the current market price. He added that the company is undertaking the buyback at ₹1,125 per share for an aggregate consideration not exceeding ₹720 crore, while remaining confident about having strong cash flows to invest in future growth.

The statement provides a clear framing for the buyback as a capital return initiative, alongside continued investment capacity.

Market impact: what is known from the announcement

The announcement itself is focused on the mechanics, approvals, and eligibility for the buyback. It confirms the tender offer route, buyback size, record date, and funding source. It also confirms that a portion is reserved for small shareholders and that promoters do not intend to participate.

From a capital allocation perspective, a buyback of up to 5.76% of paid-up equity capital can reduce outstanding shares if fully executed, which can change per-share metrics. However, the announcement does not provide projected financial effects, timelines for tendering, or post-buyback shareholding changes beyond what is necessary for regulatory disclosure.

Snapshot of key facts

How to seek help and next steps to watch

Cyient’s announcement includes a company contact number (+91 40 6764 1322) and an email address ([email protected]) for queries related to withdrawal of equity shares or the buyback process. Beyond the record date, shareholders typically watch for the detailed letter of offer and tendering timelines, which are part of the standard tender offer process.

Cyient’s next operational steps, based on what has been disclosed, are to proceed with the tender offer buyback for eligible shareholders as of June 17, 2026, within the ₹720 crore cap and under the applicable regulatory framework.