Cyient buyback 2026: ₹720 cr tender offer dates and terms

What Cyient has announced

Cyient Limited has commenced its share buyback offer worth up to ₹720 crore through the tender offer route. The company will repurchase up to 6,400,000 fully paid-up equity shares (64 lakh shares) at a fixed price of ₹1,125 per share. The tender period is scheduled to open on June 23, 2026 and close on June 30, 2026.

The buyback represents 5.76% of Cyient’s existing total paid-up equity share capital, as stated in the offer details. The company has said the buyback will be funded through internal accruals. Promoters and members of the promoter group are excluded from participation, keeping the offer open to eligible public shareholders.

Buyback window and key dates

The timeline for the tender offer has been laid out clearly, with the record date set before the tender window. Only shareholders who hold Cyient shares as of the record date are eligible to participate in the buyback.

Offer size, price, and maximum cash outflow

Cyient’s buyback is capped at ₹720 crore. At the announced price of ₹1,125 per equity share, the maximum number of shares the company can accept under the offer is 6.4 million. The equity shares covered by the buyback carry a face value of ₹5 each.

Investors whose shares are accepted will receive ₹1,125 per share accepted. The tender offer structure means shareholders choose whether to participate and how many shares to tender, subject to entitlement and final acceptance.

Approvals and route used for the buyback

The proposal was approved by Cyient’s Board of Directors at its meeting held on April 23, 2026. Shareholders subsequently approved the proposal through a special resolution via postal ballot on June 10, 2026.

The buyback is being conducted through the tender offer route, in line with Securities and Exchange Board of India (SEBI) regulations. Under this method, eligible shareholders can tender shares within the specified window, and the company accepts shares based on entitlement and subscription levels.

Who is eligible and who is excluded

Eligibility is determined based on shareholding as of June 17, 2026, which Cyient has fixed as the record date. Shareholders holding shares in their demat accounts on this date can participate in the tender offer.

Promoters and members of the promoter group are excluded from the buyback, as stated in the offer details. Participation for eligible shareholders is voluntary, and tendering does not guarantee acceptance of all shares offered.

Small shareholder reservation and entitlement ratios

Cyient’s buyback includes a reservation for small shareholders. The offer states that 15% of the shares are reserved for the small shareholder category, which is a standard feature designed to improve participation for smaller holdings.

The entitlement ratios shared for this buyback are as follows:

These ratios indicate the number of shares a shareholder may be entitled to tender under the buyback, based on holdings as of the record date. Final acceptance can vary depending on overall participation and the total shares tendered.

Premium to market price and how it is framed

Cyient’s buyback price of ₹1,125 per share has been described as a premium to the volume-weighted average market price on the BSE and NSE. Separately, a market note in the provided details described the buyback price as reflecting about a 33% premium over the prevailing market valuation.

While the exact reference price and calculation date are not detailed here, the key point for investors is that the tender price is fixed at ₹1,125 and acceptance depends on entitlement and subscription.

Intermediaries handling the process

Axis Capital has been named as the manager to the buyback. KFin Technologies is serving as the registrar for the offer. These intermediaries typically handle the operational process, including tendering mechanisms, collection of bids, and share acceptance and settlement workflows.

Cyient has also provided a contact channel for queries related to the buyback (phone and email) in the shared details, which can be used by shareholders seeking process clarifications.

Why the details matter for shareholders

For retail investors, the record date and the tender window determine participation. Holding shares on June 17, 2026 makes a shareholder eligible to tender during June 23 to June 30, 2026. The small shareholder reservation and entitlement ratio can influence the potential acceptance proportion for smaller holdings.

For other shareholders, the disclosed entitlement ratio provides a rough guide to how many shares may be accepted, but the actual outcome depends on oversubscription levels. Since the promoters are excluded, the tender pool and acceptance dynamics are restricted to non-promoter shareholders.

Key facts at a glance

Cyient’s buyback combines a fixed price, a defined maximum share count, and a short tender period. The offer size is ₹720 crore, and the buyback represents 5.76% of paid-up equity share capital.

Shareholders considering participation typically track eligibility (record date), tender dates, entitlement category, and the final acceptance ratio once the window closes.

Conclusion

Cyient’s ₹720 crore buyback tender offer runs from June 23 to June 30, 2026, at a fixed price of ₹1,125 per share for up to 6.4 million shares. Eligibility is based on the June 17, 2026 record date, and promoters are excluded from the offer.

The next operational milestone is the close of the tender window on June 30, 2026, after which shareholders will look for updates on acceptance and settlement as per the tender offer process.