This buyback represents approximately 5.76% of the company’s existing paid-up equity share capital on a standalone basis as of March 31, 2026. The offer is accessible to all eligible shareholders on the record date of June 17, 2026, excluding promoters, members of the promoter group, and individuals in control.
The total size of the buyback offer accounts for 20.31% of the company’s standalone paid-up share capital and free reserves, and 14.09% on a consolidated basis as of March 31, 2026.
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The company indicated that the offer adheres to the statutory limit of 25% set by SEBI’s regulations concerning buybacks. The buyback window will open on June 23, 2026, at 10:00 a.m. and close on June 30, 2026, at 5:00 p.m.
For small shareholders, the entitlement ratio allows them to tender two equity shares for every 19 shares held on the record date, whereas other eligible shareholders can tender one equity share for every 14 shares held.
In a regulatory filing, Cyient noted that the Letter of Offer dated June 19, 2026, will be sent electronically to shareholders who have provided their email IDs to depositories or the company. Physical copies will be mailed to shareholders without registered email addresses.
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The firm previously sought exemptive relief from the US Securities and Exchange Commission (SEC) due to discrepancies between Indian and US regulations regarding tender offer buybacks. However, an updated assessment as of May 22, 2026, revealed that shareholders in the United States hold less than 10% of Cyient’s outstanding equity shares.
Consequently, the buyback is eligible for the “Tier I” exemption under Rule 13e-4(h)(8) of the U.S. Securities Exchange Act of 1934, negating the necessity for exemptive or no-action relief from the SEC. Thus, the buyback will continue under Indian regulations and applicable exemptions under U.S. securities laws.
Axis Capital is serving as the manager for the buyback, while KFin Technologies has been designated as the registrar for the offer. Shares of Cyient Ltd closed at ₹858.05, a decrease of ₹15.00, or 1.72%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
