Board Meeting23 Apr 2026, 05:01 pm
Cyient Board Approves ₹720 Cr Buyback at ₹1125/Share
AI Summary
Cyient Ltd's board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved a buyback of 64,00,000 shares at a price of ₹1125 each, amounting to ₹720 crores. The board did not recommend a final dividend for the financial year 2025-26. Additionally, the board approved the establishment of a branch office in the Kingdom of Saudi Arabia and the re-appointment of Mr. B.V.R Mohan Reddy as a Non-Executive, Non-Independent director, subject to shareholder approval.
Key Highlights
- Cyient approves buyback of 64,00,000 shares at ₹1125 per share.
- No final dividend recommended for FY 2025-26.
- Board approves setting up a branch office in Saudi Arabia.
- B.V.R Mohan Reddy re-appointed as Non-Executive, Non-Independent director, subject to shareholder approval.
- Audited financial results for Q4 and FY26 approved.