Cyient Limited — Capital/Financing Update 2019

Feb 1, 2019

CYIENT

1 February 2019

To The Manager, Compliance Department, BSE limited, PJ Towers, Dalal Street, Mumbai - 400 001.

To The Manager, Compliance Department, National Stock Exchange of India limited, Exchange Plaza, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051.

Scrip Code/ Symbol: 532175

Scrip Symbol: CYIENT

Dear Sir/ Madam,

Subject: Outcome of the Board Meeting - Buyback

Further to the intimation dated 29 January 2019 and in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and other applicable provisions of law, we wish to inform that, the Board of Directors of the Company at its meeting held today has approved the buyback by the Company of its fully paid-up equity shares having face value of Rs. 5/- (Rupees Five only) each ("Equity Shares") at a price not exceeding Rs. 700 per Equity Share ("Maximum Buyback Price") and for an aggregate amount not exceeding Rs. 200,00,00,000 ("M aximum Buyback Size"), from the shareholders of the Company excluding promoters, promoter group and persons who are in control of the Company, payable in cash from the open market through the stock exchange mechanism under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 ("Buyback Regulations"), as amended and the Companies Act, 2013, as amended (the process hereinafter referred to as the "Buyback"). The Buyback shall not exceed the Maximum Buyback Size, which represents 9.79% (which is less than 10%) of the aggregate of the total paid-up Equity Share capital and free reserves of t he Company based on the audited standalone financial statements of the Company as on March 31, 2018, which is within the maximum amount allowed under the board approval route under the Act and the Buyback Regulations. The Company shall utilize at least 50% of the Maximum Buyback Size towards the Buyback.

Further:

1. At the Maximum Buyback Price and for the Maximum Buyback Size, the indicative maximum number of Equity Shares bought back would be 28,57,142 ("Maximum Buyback Shares") which is 2.54% of the total number of paid-up Equity Shares of the Company as on March 31, 2018. If the equity shares are bought back at a price below the Maxit9Mf1h cYyback Price, the aftM8J/}Hll.1n~~~ &trwcWJty shf t J9omB! ~~'t6B4~ exceed ,,,. Units Layout, Madhapur www.cy,ent.com Q \°11 \

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the indicative Maximum Buyback Shares (assuming full deployment of Maximum Buyback Size) but will always be subject to the Maximum Buyback Size and will also not be more than 25% of the paid-up equity share capital of the Company as of 31 March 2018.

• 1. Maximum Buyback Size shall not include any expenses incurred or to be incurred for the Buyback like filing fees payable to SEBI, advisors' fees, stock exchange fee for usage of their platform for Buyback, brokerage, applicable taxes such as securities transaction tax, Goods and Services Tax, stamp duty, etc., public announcement publication expenses, and other incidental and related expenses.
• 1. The Board also approved the formation of a Buyback Committee ("Buyback Committee") and delegated its powers to the Buyback Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the Buyback.
• 1. The pre-Buyback shareholding pattern of the Company as on 25 January 2019 is attached hereto as Annexure A.
• 1. The above information will also be made available on the website of the Company: https://www .cyient.com/
• 1. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.

We would like to inform you that the said meeting commenced at 1800 hrs and concluded at 1915 hrs.

Thanking you.

Yours faithfully,

For Cyient Limited

C1maan.~ Dr. Sudheendhra Putty ~ ~

Company Secretary

Enclosure: As above.

Cyientltd.

4"' Floor, A Wing. 11 Software Units Layout. Madhapur Hyderabad - 500 081 lndla

CIN:L72200TG1991PLC013134 www.cyient.com Company.Secretary®eyient.com T +91406764 1000 F +91402311 OJS2

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CYIENT

Annexure A

SHAREHOLDING PATTERN OF THE COMPANY AS ON 25 JANUARY 2019

SI.No.	Category of Shareholders	No. ofShareholders	No. of Shares	% ofShareholding
1.	Promoter and Promoter Group
	a) Indian	11	249,83,036	22.10
	b) Foreign	$\mathsf{O}\xspace$	$\mathbf{0}$	$\boldsymbol{0}$
	Sub Total (1)	11	2,49,83,036	22.10
2.	Public
	a) Mutual Funds	71	16,372,370	14.48
	b) Venture Capital Funds	$\mathbf{O}$	$\mathbf{0}$	0
	c) Alternate Investment Funds	$\overline{4}$	60,058	0.05
	d) Foreign Venture Capital Investors	$\mathbf{0}$	$\mathbf{0}$	$\mathbf 0$
	e) Foreign Portfolio Investor	162	47,250,008	41.80
	f) Financial Institutions / Banks	3	21,918	0.02
	g) Insurance Companies	5	9,169,205	8.11
	h) Provident Funds/ Pension Funds	$\mathbf 0$	0	$\mathbf 0$
	Individualsi)	31,174	6,372,836	5.64
	NBFCs registered with RBIj)	2	85,025	0.08
	k) Employee Trusts	0	0	$\mathbf{0}$
	I) Overseas Depositories(holding DRs)	0	0	0
	m) Trusts	5	162,380	0.14
	n) Foreign Nationals	21	284,827	0.25
	o) Hindu Undivided Family	532	122,087	0.11
	p) Non Resident Indians (Non Repat)Cylent Ltd4 th Floor, A Wing, 115	296	111,401CIN: L72200TG1991PLC0131	0.10

Units Layout, magnapHyderabad - 500 081India

Company.Secretary@cyjent.comT +91 40 6764 1000F +91 40 2311 0352

Formerly Infotech Enterprises Limited

CYll:NT

	q) Non Resident Indians (Repat)	730	2,951,161	2.61
	r) Foreign Portfolio Investor(Individual)	0	0	0
	s) Clearing Member	96	59,390	0.05
	t) Bodies Corporate	522	1,099,173	0.97
	u) Employees	3,163	1,053,557	0.93
	Foreign Collaboratorsv)	1	15,00,000	1.33
	w) Foreign Institutional Investor	4	1,302,130	1.15
	x)IEPF	1	84,129	0.08
	Sub Total (2)	36,792	880,61,655	77.90
3.	Non Promoter- Non Public shareholder
	a) Custodian/DR Holder	0	0	0
	Employee Benefit Trust (under SEBIb)(Share based Employee Benefit)Regulations, 2014)	0	0	0
	Sub Total (3)	0	0	0
	Total (1+2+3)	36,803	113,044,691	100.00

Cyientltd.

4"' Floor, A Wing, 11 Software Units Layout. Madhapur Hyderabad - 500 081 India

CIN:L7220ITTG1991PLC013134 www.cyient.com Company.Secretary®cylent.com T • 91406764 1000 F •91 40 23110352

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