Cyient Board approves ₹720 Cr buyback at ₹1125/share for 64 lakh shares

Cyient Ltd's Board of Directors approved a proposal on April 23, 2026, to buyback equity shares worth ₹720 Crores at a price of ₹1125 per share. This buyback will involve 64,00,000 equity shares, representing up to 5.76% of the company's total paid-up equity share capital. The offer will be made to all equity shareholders (excluding promoter and promoter group) on a proportionate basis through a tender offer route. The buyback size constitutes 20.31% and 14.09% of the aggregate paid-up capital and free reserves based on standalone and consolidated financial statements as of March 31, 2026, respectively. The proposal is contingent on approval from shareholders via a special resolution, SEBI, and the U.S. Securities and Exchange Commission due to conflicting regulatory requirements.