Cyient Limited has announced the commencement of a share buyback programme valued at up to ₹720 crore following approvals received from its Board of Directors and shareholders. The initiative forms part of the company’s capital allocation strategy aimed at enhancing shareholder value while demonstrating confidence in its long-term business outlook.
The Board approved the proposal during its meeting held on April 23, 2026, while shareholders subsequently endorsed the buyback through a special resolution passed via postal ballot on June 10, 2026. The company will repurchase up to 64 lakh fully paid-up equity shares with a face value of ₹5 each through the tender offer route in accordance with applicable statutory regulations. The proposed buyback represents approximately 5.76 percent of Cyient’s existing paid-up equity capital. Eligible shareholders will receive ₹1,125 per equity share tendered, with the total consideration not exceeding ₹720 crore.
June 17, 2026, has been fixed as the record date for determining shareholder eligibility. Investors whose names appear in the company’s records on the record date will be entitled to participate in the tender offer. The buyback will be carried out on a proportionate basis, including the reservation applicable to small shareholders as prescribed under the Securities and Exchange Board of India regulations.
Cyient stated that the transaction will comply with the provisions of the Companies Act, 2013, the Companies (Share Capital and Debentures) Rules, 2014, and the SEBI (Buy Back of Securities) Regulations, 2018, together with all subsequent amendments and statutory provisions governing such transactions. The company has already published the mandatory public announcement regarding the buyback in leading English, Hindi, and Telugu newspapers with wide circulation in India. An international publication was also issued through The Washington Post to ensure broader communication with overseas investors.
Share buyback programmes enable companies to return surplus capital to shareholders while optimizing their capital structure. They may also improve earnings per share by reducing the number of outstanding shares and signal management’s confidence in the company’s financial strength and future growth prospects.
Cyient currently serves more than 300 customers across 30 countries and supports industries including aerospace and defence, rail transportation, automotive and mobility, energy and utilities, semiconductor, healthcare and life sciences, connectivity, and spatial intelligence. The company employs over 14,000 professionals globally and reported annual revenue of approximately $658 million for FY26. Its service portfolio spans engineering design, manufacturing support, operational technology, digital platforms, and aftermarket lifecycle management for mission-critical sectors.
Cyient continues to expand its capabilities across engineering, digital, and technology-led solutions, serving customers in aerospace, communications, transportation, utilities, healthcare, industrial equipment, and semiconductor industries. Through continued investments in innovation and engineering excellence, the company remains focused on delivering sustainable growth, strengthening customer partnerships, and creating long-term value for shareholders while maintaining a disciplined financial approach.
