Cyient buyback: ₹720 crore vote window ends 10 June

What Cyient has put to shareholders

Cyient Limited has initiated a postal ballot process to seek shareholder approval for two Board-approved resolutions: a share buyback and a top management re-appointment. The company confirmed that it dispatched its Postal Ballot Notice on 11 May 2026. It also published newspaper advertisements on 13 May 2026 in Business Standard and Mana Telangana.

The approvals are being sought only through remote e-voting, with no physical voting option referenced in the notice details provided. Cyient has also clarified that the buyback has not yet commenced because shareholder approval was pending at the time of the communication. The company added that the communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to purchase any securities.

Postal ballot notice and key dates

The postal ballot notice is dated 23 April 2026. Cyient’s Board of Directors approved the buyback proposal at its meeting held on 23 April 2026, and the proposal was subsequently placed before shareholders through the postal ballot route. Separately, the Board meeting dated 31 March 2026 approved the re-appointment proposal for Mr. Krishna Bodanapu, subject to shareholder approval.

Remote e-voting began at 09:00 A.M. IST on Tuesday, 12 May 2026, and is scheduled to close at 05:00 P.M. IST on Wednesday, 10 June 2026. After the deadline, the e-voting facility will be disabled by the registrar and transfer agent (RTA). Cyient has said the results will be announced on or before Friday, 12 June 2026, and will be communicated to BSE Limited and the National Stock Exchange of India Limited.

Buyback proposal: size, price, and route

Under the first resolution, Cyient is seeking approval to buy back up to 64,00,000 fully paid-up equity shares of face value INR 5 each. The buyback price is set at INR 1,125 per equity share, aggregating to INR 720 crore.

The buyback is proposed through the tender offer route on a proportionate basis. Cyient has disclosed that the proposal excludes promoters and members of the promoter group. It also stated that promoters and the promoter group expressed their intention not to participate in the buyback through letters dated 21 and 22 April 2026.

The company also described the buyback size as representing 5.76% of the existing paid-up equity share capital. Funding for the buyback is proposed from internal accruals, as stated in the postal ballot details.

Executive re-appointment proposal

The second resolution relates to the re-appointment of Mr. Krishna Bodanapu (DIN: 00605187) as Executive Vice-Chairman and Managing Director. The proposed tenure is three years, from 03 April 2026 to 03 April 2029, subject to shareholder approval.

Cyient has indicated that the remuneration structure would remain unchanged from the 2023 approval. The company is seeking consent for this re-appointment through the same postal ballot and remote e-voting process.

How the remote e-voting process works

Cyient has engaged KFin Technologies Limited, the company’s Registrar and Share Transfer Agent, to facilitate the electronic voting process. Shareholders are required to vote remotely during the specified window, and the e-voting system will be disabled after the deadline.

For shareholders who have not registered email addresses, Cyient outlined steps to update details. Members holding shares in electronic form may register their email through their Depository Participant. For shares held in physical form, members may write to KFin Technologies Limited at Selenium, Tower B, Plot No-31&32, Financial District, Nanakramguda, Serilingampally, Hyderabad-500032, Telangana.

Summary table: what is being voted on

Market and financial context disclosed alongside the proposal

Alongside the buyback decision, Cyient reported FY26 results and disclosed revenue of ₹7,268.2 crore (₹72,682 million). The company also stated that no final dividend was recommended for FY 2025-26.

Separately, management commentary referenced that the Board agreed in principle to explore a market fundraise through a mix of debt and or equity to support growth. In reporting around the buyback, it was also described as being at about a 20% premium over the last traded price at the time.

Cyient’s share price was cited at ₹848.9 as of 11 June 2026 in the provided information set, offering a reference point around the voting period, although the final decision depends on shareholder approval and the company’s next steps.

Why these resolutions matter for investors

A tender-offer buyback typically provides an exit opportunity to eligible shareholders at a fixed price, subject to acceptance on a proportionate basis. Cyient’s stated structure excludes promoters and promoter group members, which can affect how the entitlement and acceptance play out across the remaining shareholder base.

The second resolution is a governance and continuity vote, since it seeks approval for the re-appointment of the Executive Vice-Chairman and Managing Director for a defined three-year period. Cyient has linked this to continuity in leadership, with remuneration terms stated to remain consistent with the 2023 approval.

What to watch next

Cyient has said the results of the postal ballot will be announced on or before 12 June 2026 and communicated to both BSE and NSE. Until shareholder approval is received, the company has stated the buyback has not commenced.

A later exchange reference in the provided information set also points to a filing titled a scrutinizer’s report stating that shareholders approved the special resolutions for the ₹720 crore buyback and the re-appointment of Mr. Krishna Bodanapu. Investors typically track the official exchange intimation for the final outcome and any subsequent timeline shared by the company for next steps under the buyback process.