Cyient Limited — Capital/Financing Update 2021

Jul 27, 2021

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27 July 2021

The BSE Limited The National Stock Exchange of India Ltd PJ Towers, 25[th ] Floor, Exchange Plaza, Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai 400001. Mumbai-400 051. Scrip Code: 532175 Scrip Code: CYIENT

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 WorkForce Delta (WFD), a global 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).	Founded in 2015, Workforce Delta is amanagement consultancy that specializes indigital workforce management.Revenue:FY19 – USD 1.5 MillionFY20 – USD 1.5 MillionFY21 – USD 2.9 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.	Nature of consideration -whether cashconsideration 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 USD 2.7 Million on a cash freeand debt free basisEarnoutsbasedonfutureperformance
	5.	Indicative time period for completion of theacquisition	Within a week subject to some conditionsprecedent to completion
	6.	Brief details of any governmental or regulatoryapprovals required for the acquisition;	No government approvals required for thetransaction
	7.	Objects and effects of acquisition (including butnot limited to, disclosure of reasons foracquisition of target entity, if its business is	The acquisition will bolster the IntelliCyientportfolio by expanding its front-end consultingcapabilities for digital mobile workforce
		Cyient Ltd.4thFloor, A Wing, 11 SoftwareUnits Layout, MadhapurHyderabad -500 081India

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----- Start of picture text ----- outside the main line of business of the listed management solutions. There has been aentity); growing demand for comprehensive field forcemanagement solutions in the Utilities andTelecom industries. With rapid sectoral growthacross regions, Cyient continues to invest inexpanding its market presence while creatingsustainable value for all stakeholders.8. Industry to which the entity being acquired Utilities and Telecombelongs;9. Whether the acquisition would fall within related The transaction does not fall under relatedparty transactions and whether the promoter/ party transaction as the promoter/promoterpromoter group/ group companies have any group /group companies do not have anyinterest in the entity being acquired? If yes, interest in the entity being acquired.nature of interest and details thereof andwhether the same is done at "arm's length";10. Name of the target entity, details in brief such as Workforce Delta Pty Ltd. Employs ~11size, turnover etc; consultants. Revenue for 2021 is ~USD 2.9Million----- End of picture text -----

Thanking you For Cyient Limited

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Ravi Kumar Nukala Dy.Company Secretary

Cyient Ltd. 4[th ] Floor, A Wing, 11 Software CIN: L72200TG1991PLC013134 Units Layout, Madhapur www.cyient.com Hyderabad -500 081 Company.secretary@cyient.com India T +91 40 6764 1000 F +91 40 2311 0352