Cyient Limited — Capital/Financing Update 2024

Oct 24, 2024

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24 October 2024

BSE Limited PJ Towers, 25[th] Floor, Dalal Street, Mumbai 400001.

National Stock Exchange of India Ltd Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051.

Dear Sir/Madam,

Sub: Information of a transaction, as required under Regulation 30 of SEBI (LODR) Regulations, 2015:

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

	Sl. No	Items for disclosure	Descripton
	1	Brief background of the entty acquired in terms of products/line of business acquired, date of incorporaton, and history of last 3 years turnover, country in which the acquired entty has presence and any other signifcant informaton (in brief);	Name of the target entty and year of incorporaton:Abu Dhabi & Gulf Computer Est., incorporated in 1989 Brief Descripton:An Abu Dhabi-based technology consultng and digital services provider primarily catering to the Energy sector Last 3 years’ turnover: CY21: USD 0.5 Mn CY22: USD 1.4 Mn CY23: USD 1.6 Mn
	2	Percentage acquired; of shareholding/ control acquired and/or number of shares acquired;	100%
	3	Nature of consideraton-whether cash consideraton or share swap and details of the same;	Cash
	4	Cost of acquisiton or the price at which the control is acquired;	The purchase price for the transacton will be paid on an Enterprise Value basis; on a Debt Free, Cash free basis and will be equal to an upfront payment of USD 1.5 Mn and an Earnout of USD 0.4 Mn upon 100% achievement of the business case
	5	Indicatve tme period for completon of the acquisiton;	November 30, 2024
	6	Brief details of any governmental or regulatory approvals required for the acquisiton;	Approval from Abu Dhabi Department of Economic Development to be obtainedpost signingof the SPA
	Cyient

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7	Objects and efects of acquisiton (including but not limited to disclosure of reasons of acquisiton of target entty, if its business is outside the main line of business of the listed entty);	The acquisiton aligns with the Company’s strategic roadmap to expand its global footprint. It will further strengthen our presence in the Middle East, one of the largest energy markets, and drive future growth in Sustainabilitybusiness.
8	Industry to which the entty being acquired belongs;	Informaton Technology and Informaton Technology Enabled Services
9	Whether the acquisiton would fall within related party transactons and whether the promoter/promoter group/group companies have any interest in the entty being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”;	No
10	Nature of the target entty, details in brief such as size, turnover etc.;	Abu Dhabi & Gulf Computer Est., is an Abu Dhabi-based technology consultng and digital services provider primarily catering to the Energy sector. Turnover: CY23: USD 1.6 Mn
11	Any other informaton	The Company will route this acquisiton through its wholly owned subsidiary, viz Cyient Project Management Consultancy- L.L.C in Abu Dhabi

Thanking you

For Cyient Limited Sudheend Digitally signed by Sudheendhra Putty Date: 2024.10.24 hra Putty 16:54:11 +05'30' Sudheendhra Putty 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