Cyient Limited — Capital/Financing Update 2020

Aug 31, 2020

PJ Towers, 25th Floor, Exchange Plaza, Mumbai 400001. Mumbai-400 051. Scrip Code: 532175 Scrip Code: CYIENT

The BSE Limited The National Stock Exchange of India Ltd Dalal Street Bandra-Kurla Complex, Bandra (E)

Dear Sir/ Madam,

Sub: - Announcement of Acquisiton under Regulation 30 of SEBI (LODR) Regulations, 2015

This is to inform that the company has signed a definitive agreement to acquire the 100% stake in Integrated Global Partners Pty Limited (IG), an Australia based technology consultancy company.

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).	Based in Australia and founded in 2012, IGPartners is a technology consultancy, whichspecializes in enabling organizations deliver ontheir strategy through removing organizationalimpediment or embedding effective ways ofworking. IG Partners has presence in Australia,South Africa, Singapore and Chile
		Revenue:FY18 – AUD 15.1 MillionFY19 – AUD 10.3 MillionFY20 – AUD 14.8 Million
2.	Percentage of shareholding / control acquiredand / or number of shares acquired;	100% equity of the target company. The targetis being acquired by Cyient Australia PtyLimited, a wholly owned subsidiary of theCompany
3.	Natureofconsideration-whethercashconsideration or share swap and details of thesame;	The consideration is paid entirely in cash
4.	Cost of acquisition or the price at which theshares are acquired	The Enterprise value shall be payable as followsUpfront AUD 11.6 Million on a cash freeand debt free basisEarn outs based on future performance
5.	Indicative time period for completion of theacquisition	The time required for completion may rangeupto 6 months depending on when theForeign Investment Review Board (FIRB)approval is granted.
	4th Floor, A Wing, 11 SoftwareCyient Ltd.Units Layout, MadhapurHyderabad -500 081India	CIN: L72200TG1991PLC013134www.cyient.comCompany.secretary@cyient.comT +91 40 6764 1000

F +91 40 2311 0352

6.	Brief details of any governmental or regulatoryapprovals required for the acquisition;	The acquisition is subject to receiving the FIRBapproval in Australia
7.	Objects and effects of acquisition (including butnotlimitedto,disclosureofreasonsforacquisition of target entity, if its business isoutside the main line of business of the listedentity);	Rationale for acquisition are gaining access todecision makers with global mining majors,acceleration in Cyient's mining strategy andpositioning Cyient as a digital transformationleader in the market
8.	Industry to which the entity being acquiredbelongs;	Energy and Utilities
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";	The transaction does not fall under relatedparty transaction as the promoter/promotergroup /group companies do not have anyinterest in the entity being acquired.
10.	Name of the target entity, details in brief such assize, turnover etc;	IntegratedGlobalPartnersPtyLtd("IGPartners") is headquartered in Melbourne,Australia and employs ~40 employees andconsultants. Revenue for 2020 is ~AUD 14.8Million

Thanking you,

For Cyient Limited

Ravi Kumar Nukala Dy. Company Secretary

Units Layout, Madhapur www.cyient.com India T +91 40 6764 1000

Cyient Ltd. 4th Floor, A Wing, 11 Software CIN: L72200TG1991PLC013134 Hyderabad -500 081 Company.secretary@cyient.com F +91 40 2311 0352