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

What Cyient has announced

Cyient Limited has moved ahead with its approved equity share buyback, filing its letter of offer and setting out the operational timetable for shareholders. The company plans to repurchase up to 64,00,000 fully paid-up equity shares through the tender offer route at a fixed price of ₹1,125 per share. The aggregate consideration is capped at ₹720 crore, payable in cash.

The buyback size represents up to 5.76% of Cyient’s existing total paid-up equity share capital. The announcement matters for investors because tender offer buybacks typically involve a fixed price, eligibility based on a record date, and proportionate acceptance based on category-wise entitlements.

Buyback approvals: Board and shareholder clearances

Cyient’s board approved the buyback proposal on April 23, 2026. Shareholders later approved it through a special resolution on June 10, 2026, via postal ballot.

The company’s communications also note that promoters and promoter group members are not participating in the offer. Separately, the promoter group had expressed its intention not to participate through letters dated April 21 and April 22, 2026.

Record date and who is eligible

The record date for determining eligible shareholders is Wednesday, June 17, 2026. Shareholders whose names appeared as beneficial owners in the company’s register of members or in the depositories’ records as of the record date can participate.

However, the eligible shareholder pool excludes Cyient’s promoters, members of the promoter group, and persons in control. For everyone else, eligibility is tied strictly to the shareholding on the record date, which is standard practice for tender offers.

Buyback window: opening and closing time

Cyient has specified the tendering window for the buyback. The buyback window opens on June 23, 2026 at 10:00 am and closes on June 30, 2026 at 5:00 pm. Shareholders who wish to participate must tender their shares within this period via the tender offer mechanism.

The company has also indicated that a detailed letter of offer will be emailed or dispatched to shareholders as of the record date, using registered email IDs and addresses available with depositories.

Price, size, and percentage of capital

The buyback price is set at ₹1,125 per equity share. Cyient will buy back up to 64 lakh shares, for an aggregate consideration of up to ₹720 crore.

The company has stated that the repurchased shares represent up to 5.76% of the existing paid-up equity share capital. In the postal ballot disclosures, Cyient also referenced the buyback as a percentage of paid-up capital and free reserves, based on financial statements as of March 31, 2026.

Entitlement ratios for small vs other shareholders

Cyient has disclosed entitlement ratios that determine how many shares a shareholder can tender under the entitlement category. For small shareholders, the entitlement ratio is 2 equity shares for every 19 shares held on the record date.

For other eligible shareholders, the entitlement ratio is 1 equity share for every 14 shares held on the record date. These ratios help investors estimate how many shares may be accepted under entitlement, though final acceptance in tender offers is typically on a proportionate basis (subject to reservations), as disclosed by the company.

Where the documents are available

Cyient’s public announcement was published on June 12, 2026 in national dailies in India and also in The Washington Post in the US. Information relating to the buyback has been made available on Cyient’s website, the manager to the buyback’s website, and on the websites of BSE, NSE, and SEBI.

For queries related to the buyback and share withdrawal, the company has provided contact details: phone +91 40 6764 1322 and email company.secretary@cyient.com.

Regulatory context: India rules and the US SEC relief reference

The buyback is being conducted via the tender offer route in line with the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 2018 (as amended). Cyient has also issued a clarification dated April 30, 2026 regarding an earlier disclosure about its securities and the United States.

In that clarification, the company stated that while the securities are not registered under Section 12 of the US Securities Exchange Act of 1934, the requirement to seek and obtain exemptive relief from the US Securities and Exchange Commission (SEC) for certain tender offer procedures continues due to conflicting regulatory requirements between Indian and US laws.

Key figures at a glance

The following table summarises the main factual parameters disclosed by the company across its notices and public communications.

Market impact and what shareholders should track

Cyient’s tender offer buyback is structured at a fixed price, and one disclosure noted that the buyback price reflected a 20% premium over the last traded price at the time of reporting. While that premium can influence shareholder participation, the actual benefit to individual investors depends on tendering mechanics, entitlements, and proportionate acceptance.

For shareholders considering participation, the key checkpoints are the record date holding, category classification (small shareholder versus other), the tendering window, and reading the letter of offer carefully for operational steps and conditions. The company has explicitly advised security holders to read the buyback documents in full before taking any decision.

Conclusion

Cyient’s ₹720 crore buyback at ₹1,125 per share has moved into the execution phase, with the record date set for June 17, 2026 and the tender window scheduled for June 23 to June 30, 2026. The next operational milestone is the dispatch and review of the letter of offer for eligible shareholders, followed by tendering through the designated stock exchange mechanism.