Cyient Limited has published a public announcement regarding its equity share buyback program. The company is set to buy back up to 64,00,000 fully paid-up equity shares, representing approximately 4.11% of its total paid-up equity share capital. The buyback is valued at an aggregate amount not exceeding INR 720 crore, at a price of INR 1,125 per share. This initiative is in compliance with SEBI regulations and aims to return value to shareholders.
Cyient Limited Announces Equity Share Buyback
Cyient Limited has officially announced a public buyback offer for its equity shares, as per the provisions of the Companies Act, 2013, and the SEBI (Buy-Back of Securities) Regulations, 2018. The company proposes to repurchase up to 64,00,000 fully paid-up equity shares of face value INR 5 each. This represents approximately 4.11% of the total issued and paid-up equity share capital of the Company as of March 31, 2026. The buyback will be conducted via the tender offer route.
Key Buyback Details
The aggregate amount for the buyback shall not exceed INR 720,00,00,000 (Indian Rupees Seven Hundred Twenty crores only). The maximum price at which each equity share will be bought back is INR 1,125 (Indian Rupees One Thousand One Hundred Twenty Five only). This buyback is being undertaken on a proportionate basis through the tender offer mechanism. The record date for determining the eligibility of shareholders to participate in the buyback has been set as June 10, 2026.
Regulatory Compliance and Disclosures
This public announcement adheres to Regulation 7 of the Buyback Regulations and includes disclosures specified in Schedule II. The announcement was published in the Business Standard (English and Hindi editions) and Nava Telangana (Telugu edition) newspapers on June 12, 2026. All relevant information concerning the buyback, including the public announcement, will be made available on the company’s website (www.cyient.com) and the manager to the buyback, Axis Capital Limited’s website (www.axiscapital.co.in). The information will also be accessible on the websites of the stock exchanges, www.nseindia.com and www.bseindia.com, and SEBI’s website (www.sebi.gov.in) during the buyback period.
Shareholder Information
The promoters and promoter group of Cyient Limited have confirmed their intention to participate in the buyback. Their aggregate shareholding as of March 31, 2026, was 15.72%. The buyback is expected to enhance shareholder value by returning surplus cash to them. Shareholders are advised to refer to the full public announcement for detailed terms, conditions, and procedures. The buyback period is scheduled to commence and will be open for tender for a period of ten working days, commencing on July 12, 2026.
Financial Context
The buyback is being executed following the approval of the Board of Directors on April 23, 2026, and shareholders on June 10, 2026. The company’s consolidated financial statements as of March 31, 2026, indicate sufficient distributable profits to undertake this buyback. The maximum number of equity shares proposed to be bought back is 64,00,000, representing 4.11% of the total paid-up equity share capital. The total amount required for the buyback is INR 720 crore.
Source: BSE
