Cyient Limited — Capital/Financing Update 2019

Jan 22, 2019

CYIENT

22 Jan 2019

The Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, Bandra- Kurla Complex, Bandra (E), Mumbai - 400051 Code: Cyient

The Listing Department The BSE Limited PJ Towers, 25th Floor, Dalal Street Mumbai-400001 Code: 532175

Dear Sir,

Sub:- Announcement of Acquisition under Reg 30 of SEBI (LODR) Regulations, 2015

This is to inform that the company has signed a definitive agreement to acquire the remaining 26% stake in one of its subsidiaries, Cyient DLM Private Limited ("Cyient DLM") to take the overall stake to 100%.

Following are the particulars of the transaction, as required under Regulation 30 of SEBI(LODR) Regulations, 2015 :

S.No.	Items for Disclosure	Description
1.	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history of last 3 years turnover,country in which the acquired entity haspresence and any other significant information(in brief).	Incorporated in 1993, Cyient DLM PrivateLimited, formerly known as RangsonsElectronics Private Limited, headquartered inMysuru is a leading electronics system designand manufacturing (EDSM) services company.Cyient Limited acquired 74% equity stake inRangsons Electonics Pvt. Ltd. in February2015. The acquisition positioned Cyientstrongly to expand into high-technology andhigh-value, design-led systems and solutionsin line with the Cyient's S3 strategy. Byacquiring the balance 26% stake, CyientLimited and its nominees will get 100%ownership in Cyient DLM.Turnover for the previous 3 years:2015-16 - INR 2,64,69,85,8542016-17 - INR 3,66,00,57,6542017-18 - INR 3,91,43,99,099
2.	Percentage of shareholding / control acquiredand / or number of shares acquired;	26% equity of the Cyient DLM. Consequent tothis transaction, the overall stake held byCyient Limited and its nominees in Cyient DLMwill be 100%.
3.	of consideration- whethercashNatureconsideration or share swap and details of thesame;	The entire consideration is paid in cash.
4.	Cost of acquisition or the price at which theshares are acquired	Equity payout of INR 42,50,00,000 for 26%stake acquisition in line with the terms of theShare Purchase Agreement enteredinto

Cyient Ltd.

4th Floor, A Wing, 11 Software Units Layout, Madhapur Hyderabad - 500 081 India

CIN: L72200TG1991PLC013134 www.cyient.com Company.Secretary@cylent.comT +91 40 6764 1000F +91 40 2311 0352

Formerly Infotech Enterprises Limited

CYIENT

		between Cyient Limited and the Sellers inJanuary 2015.
5.	Indicative time period for completion of theacquisition	Closing is expected in 30 days and is subject tocustomary closing conditions.
6.	Brief details of any governmental or regulatoryapprovals required for the acquisition;	None
7.	Objects and effects of acquisition (including butnot limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity);	Obtain complete ownership of Cyient DLM.
8.	Industry to which the entity being acquiredbelongs;	Electronics System Design and Manufacturing
9.	Whether the acquisition would fall within relatedparty transactions and whether the promoter/promoter group/ group companies have anyinterest in the entity being acquired? If yes,nature of interest and details thereof andwhether the same is done at "arm's length";	Conversion of Partly Owned Susbisdiary toWholly Owned Subsidiary
10.	Name of the target entity, details in brief such assize, turnover etc;	Cyient DLM Private Limited, headquartered atMysuru, Karnataka, India.

This is for your information and records.

Thanking You,

For Cylent Limited

$\overline{\mathcal{C}}$ V

N. Ravi Kumar Dy. Company Secretary

Cyient Ltd.

4" Floor, A Wing, 11 SoftwareUnits Layout, MadhapurHyderabad - 500 081India

CIN: L72200TG1991PLC013134 Cinv. L722001 G191PLC013134Www.cyjent.comCompany.Secretary@cyjent.comT +91 40 6764 1000F +91 40 2311 0352

Formerly Infotech Enterprises Limited