Cyient Limited Announces Buyback of Up to 64 Lakh Shares at INR 1,125 Per Share
Cyient Limited has announced a buyback program for its equity shares through a Tender Offer route. The company intends to repurchase up to 64 lakh fully paid-up equity shares at a fixed price of INR 1,125 per Equity Share.The proposed buyback, which was authorized by the Board of Directors on April 23, 2026, aims to return surplus cash to its shareholders. The total aggregate consideration for this offer is up to INR 720 crore.
Details of the Buyback Offer:
| Particular | Details |
|---|---|
| Maximum Shares Proposed | 64,00,000 (Sixty Four Lakhs) fully paid-up Equity Shares |
| Face Value per Share | INR 5/- (Indian Rupees Five only) |
| Buyback Offer Price | INR 1,125/- (Indian Rupees One Thousand One Hundred Twenty Five only) per Equity Share |
| Total Aggregate Consideration | Up to INR 720,00,00,000 (Seven Hundred Twenty Crores only) |
The offer is being conducted in accordance with the Buyback Regulations. The company confirmed that the proposed buyback amount is within the statutory limit of 25% of the aggregate of paid-up share capital and free reserves, as reflected in its audited financial statements as at March 31, 2026.
The funds for the implementation of the proposed Buyback will be sourced from the Company's internal accruals and existing cash balances, excluding borrowed funds. The company stated that this initiative is expected to improve long-term shareholder value by reducing the equity base and enhancing earnings per share, assuming similar profits are generated as in previous periods.
Timeline and Eligibility
The Record Date for determining eligibility and entitlement was set on June 17, 2026. The Letter of Offer was dispatched on June 19, 2026, offering the opportunity to all eligible shareholders excluding promoters, members of the promoter group, and persons in control.
Key details regarding the offering include:
| Category | Ratio of Buyback (Entitlement) |
|---|---|
| Reserved category for Small Shareholders | 2 Equity Shares for every 19 Equity Share held on the Record Date |
| General category for all other Eligible Shareholders | 1 Equity Share for every 14 Equity Share held on the Record Date |
The offer is subject to a specific timeline:
| Activity | Dates |
|---|---|
| Buyback Window Opening Date | Tuesday, 23 June 2026 at 10.00 A.M. |
| Buyback Window Closing Date | Tuesday, 30 June 2026 at 5.00 P.M. |
| Last date of receipt of completed Tender Forms by Registrar | On or before 5:00 P.M. on Tuesday, 30 June 2026 |
Market and Financial Standing
The Buyback Offer Size represents up to 20.31% of the aggregate paid-up share capital and 14.09% of free reserves, based on audited standalone and consolidated financial statements as at March 31, 2026. This falls within the statutory limit prescribed by Regulation 4(i) of the Buyback Regulations.
The company's key financial parameters pre-buyback, according to the latest audits (as of March 31, 2026), include:
| Parameter | Standalone (in Mn) | Consolidated (in Mn) |
|---|---|---|
| Total Income | 25,022 | 74,454 |
| Net Worth | 35,897 | 61,633 |
| Debt-Equity Ratio | 0.01 | 0.07 |
The Company has appointed Axis Capital Limited as the Manager to the Buyback and KFin Technologies Limited as the Registrar to the Buyback. The designated stock exchange for the buyback is BSE Limited.
CYIENT Stock Price Movement
On Friday, Cyient Limited shares shed 1.56%, settling at ₹859.05 in market trading after failing to close stronger than the previous session. The stock saw intraday movement between a low of ₹853.6 and a high of ₹869.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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