Cyient Limited — Dividend/Bonus, 23-04-2026: Buyback

Cyient's board has approved a buyback proposal worth up to 720 Cr. The company aims to repurchase 64 lakh equity shares, or 5.76% of its paid-up capital, at INR 1125 per share. This buyback will proceed via a tender offer, with promoters opting not to participate. The proposal requires shareholder approval and clearances from regulatory bodies, including SEBI and the U.S. SEC, due to conflicting tender offer rules. Further details and timelines are expected soon.