Cyient DLM logo

Cyient DLM CEO, MD, chairman, board of directors and AGM

NSE: CYIENTDLMBSE: 543933Aerospace & DefenseSmall Cap

Last close ₹753.50down ₹3.55 (0.47%)BSE ₹753.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹757.05.

52-week range of traded prices to 23 Oct 2026
₹265.20Low, 30 Mar 2026₹1,061.00High, 14 Oct 2026
Market cap
₹5,982 Cr975th largest listed
P/E
71.2
P/B
5.6
Dividend yield
Nonein the last 12 months
ROE
8.2%
ROCE
8.3%
Debt to equity
0.12
Volume, NSE
10,33,47132.3% delivered

Cyient DLM board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing director and CEORajendra Velagapudi
  • ChairpersonBodanapu Ganesh Venkat Krishna
  • Company Secretary and Compliance OfficerKRITHIKA S

8 directors5 independent1 executive2 non-executive

  • Rajendra Velagapudi · Managing director and CEOExecutive · joined Apr 2017 · reappointed Jul 2025 · 1 listed board
  • Bodanapu Ganesh Venkat Krishna · ChairpersonNon-executive · joined Feb 2015 · 2 listed boards · 2 committee seats
  • Venkat Rama Mohan Reddy BodanapuNon-executive · joined Dec 2022 · reappointed Oct 2025 · 2 listed boards · 1 committee seat
  • Vanitha DatlaIndependent · joined Dec 2022 · reappointed Nov 2025 · 42 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Jehangir ArdeshirIndependent · joined Dec 2022 · reappointed Nov 2025 · 42 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
  • Ganesh NatarajanIndependent · joined Oct 2025 · reappointed Oct 2025 · 8 months as independent · 4 listed boards · 3 as independent · 6 committee seats, 1 as chair
  • Giridhar AramaneIndependent · joined Nov 2025 · reappointed Nov 2025 · 7 months as independent · 4 listed boards · 3 as independent
  • Yadama MuralidharIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • PILLUTLA MADAN MOHAN, left 18 Aug 2025: Others
  • Ajay Kumar, left 15 May 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 21 Apr 20268 of 8 present5 independent · 90 days in between
    • 20 Jan 20267 of 8 present4 independent

  • Audit Committee

    Chair Jehangir Ardeshir

    Yadama Muralidhar, Ganesh Natarajan, Bodanapu Ganesh Venkat Krishna

    • 21 Apr 20264 of 4 present3 independent · 90 days in between
    • 20 Jan 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Vanitha Datla

    Giridhar Aramane, Venkat Rama Mohan Reddy Bodanapu

    • 21 Apr 20263 of 3 present2 independent · 90 days in between
    • 20 Jan 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Vanitha Datla

    Venkat Rama Mohan Reddy Bodanapu, Bodanapu Ganesh Venkat Krishna

    • 21 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Jehangir Ardeshir

    Yadama Muralidhar, Ganesh Natarajan, Bodanapu Ganesh Venkat Krishna

    • 21 Apr 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair Yadama Muralidhar

    Venkat Rama Mohan Reddy Bodanapu, Rajendra Velagapudi

    • 21 Apr 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S.R. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Cyient DLM AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Cyient DLM share news and announcements

Annual general meeting, 30 Jun 2026

1,01,771 shareholders on the register on 23 Jun 2026; present: 0 promoters and 66 others; votes counted by Manish Kumar Singhania / M/s. MKS Associates,.The company's voting result (opens in a new tab)

  1. a. The audited standalone financial statements of the Company for the financial year ended 31 March 2026, together with the reports of the Board of Directors (“Board”) and the Auditors thereon b. The audited consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the report of the Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.00%

    Turnout: all 80.99% · promoters 100.00% · institutions 98.84% · other public 0.10%

  2. To appoint a director in place of Mr. Rajendra Velagapudi (DIN: 06507627), who is liable to retire by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.16%

    Turnout: all 80.99% · promoters 100.00% · institutions 98.84% · other public 0.10%

  3. To ratify the remuneration payable to M/s. GA and Associates, Cost Accountants (Firm Registration No.000409), Cost Auditors of the Company, for the financial year ending March 31 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.12%

    Turnout: all 80.99% · promoters 100.00% · institutions 98.84% · other public 0.10%

  4. To approve the continuation of directorship of Mr. B.V.R. Mohan Reddy (DIN: 00058215) as a Non-Executive Non-Independent Director of the Company post attaining the age of 75 years.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.09% · other public 5.82%

    Turnout: all 81.00% · promoters 100.00% · institutions 98.84% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Mar 2026, 1 resolution

1,04,162 shareholders on the register on 30 Jan 2026; votes counted by MANISH KUMAR SINGHANIA / MANISH KUMAR SINGHANIA.The company's voting result (opens in a new tab)

  1. Variation in the Objects / terms of utilisation of the Initial Public Offering (“IPO”) proceeds and extension of time limit for utilisation of the IPO proceeds
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.31%

    Turnout: all 80.27% · promoters 100.00% · institutions 95.56% · other public 0.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Jan 2026, 4 resolutions

1,06,385 shareholders on the register on 5 Dec 2025; votes counted by MANISH KUMAR SINGHANIA / MANISH.The company's voting result (opens in a new tab)

  1. Appointment of Dr. Ganesh Natarajan (DIN:00176393) as Non-Executive, Independent Director of the Company
    Special
    98.72% for1.28% against

    Against: promoters 0.00% · institutions 3.69% · other public 2.18%

    Turnout: all 79.76% · promoters 100.00% · institutions 93.40% · other public 0.30%

  2. Re-Appointment of Dr. Vanitha Datla (DIN: 00480422) as Non-Executive, Independent Director of the Company for a second term
    Special
    89.60% for10.40% against

    Against: promoters 0.00% · institutions 30.03% · other public 18.40%

    Turnout: all 79.76% · promoters 100.00% · institutions 93.40% · other public 0.30%

  3. Re-Appointment of Mr. Jehangir Ardeshir (DIN: 02344835) as Non-Executive, Independent Director of the Company for a second term
    Special
    89.61% for10.39% against

    Against: promoters 0.00% · institutions 30.03% · other public 2.37%

    Turnout: all 79.76% · promoters 100.00% · institutions 93.40% · other public 0.30%

  4. ppointment of Mr. Giridhar Aramane (DIN: 00483130) as Non-Executive, Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.72%

    Turnout: all 79.90% · promoters 100.00% · institutions 93.89% · other public 0.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Oct 2025, 2 resolutions

1,09,523 shareholders on the register on 5 Sep 2025; votes counted by Manish Kumar Singhania / MKS & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rajendra Velagapudi (DIN: 06507627) as Managing Director and Chief Executive Officer of the Company
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.13% · other public 3.87%

    Turnout: all 82.03% · promoters 100.00% · institutions 95.43% · other public 0.57%

  2. To approve the continuation of directorship of Mr. BVR Mohan Reddy (DIN: 00058215) as a Non-Executive Non-Independent Director of the Company post attaining the age of 75 years
    Special
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 2.71% · other public 6.16%

    Turnout: all 82.03% · promoters 100.00% · institutions 95.43% · other public 0.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Sep 2025, 2 resolutions

1,09,523 shareholders on the register on 5 Sep 2025; votes counted by Manish Kumar Singhania / MKS & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rajendra Velagapudi (DIN: 06507627) as Managing Director and Chief Executive Officer of the Company
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.13% · other public 3.87%

    Turnout: all 82.03% · promoters 100.00% · institutions 95.43% · other public 0.57%

  2. To approve the continuation of directorship of Mr. BVR Mohan Reddy (DIN: 00058215) as a Non-Executive Non-Independent Director of the Company post attaining the age of 75 years
    Special
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 2.71% · other public 6.16%

    Turnout: all 82.03% · promoters 100.00% · institutions 95.43% · other public 0.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Jul 2025, 4 resolutions

1,12,450 shareholders on the register on 26 Jun 2025; present: 2 promoters and 51 others; votes counted by Manish Kumar Singhania / MKS and Associates Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. The audited financial statements of the company for the financial year ended 31st March 2025 together with the reports of the board of directors and the auditors thereon The audited consolidated financial statements of the company for the financial year ended 31" March 2025, together with the report of the auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.75%

    Turnout: all 81.26% · promoters 100.00% · institutions 94.46% · other public 0.48%

  2. To appoint a director in place of Mr. Krishna Bodanapu (DIN: 00605187), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotation
    Ordinary
    98.95% for1.05% against

    Against: promoters 0.00% · institutions 2.81% · other public 48.36%

    Turnout: all 81.26% · promoters 100.00% · institutions 94.46% · other public 0.48%

  3. To ratify the remuneration payable to M/s. GA and Associates, Cost Accountants (Firm Registration No.000409), Cost Auditors of the Company, for the Financial Year ending March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 81.26% · promoters 100.00% · institutions 94.46% · other public 0.48%

  4. Appointment of Secretarial Auditor, M/s. MKS & Associates,(Sole Proprietorship concern No. S2017TL460500), Company Secretaries for a period of 5 years.
    Ordinary
    88.47% for11.53% against

    Against: promoters 0.00% · institutions 32.45% · other public 3.75%

    Turnout: all 81.01% · promoters 100.00% · institutions 93.66% · other public 0.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Dec 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. APPROVAL FOR GRANT OF STOCK OPTIONS UNDER CYIENT DLM ASSOCIATE STOCK OPTION PLAN 2023 TOnTHE EMPLOYEES OF THE SUBSIDIARY COMPANY(IES) OF THE COMPANY
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.36% · other public 4.98%

    Turnout: all 82.85% · promoters 100.00% · institutions 89.17% · other public 0.40%

  2. APPROVAL FOR GRANT OF STOCK UNITS UNDER CYIENT DLM RESTRICTED STOCK UNITS PLAN 2023 TO THEnEMPLOYEES OF THE SUBSIDIARY COMPANY(IES) OF THE COMPANY
    Special
    87.31% for12.69% against

    Against: promoters 0.00% · institutions 34.31% · other public 6.14%

    Turnout: all 82.85% · promoters 100.00% · institutions 89.17% · other public 0.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jun 2024, 6 resolutions

Present: 0 promoters and 57 others.The company's voting result (opens in a new tab)

  1. ORDINARY - To receive, consider and adopt:na) the audited standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the reports of the Board of Directors and the Auditors thereon;nb) the audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the report of the Auditors thereon;MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 86.61% · promoters 100.00% · institutions 89.77% · other public 0.60%

  2. To appoint a director in place of Mr. Rajendra Velagapudi (DIN: 06507627), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotation.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.05%

    Turnout: all 86.61% · promoters 100.00% · institutions 89.77% · other public 0.60%

  3. To appoint a director in place of Mr. Venkat Rama Mohan Reddy Bodanapu (DIN: 00058215), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotationMoreLess
    Ordinary
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 3.87% · other public 0.05%

    Turnout: all 86.61% · promoters 100.00% · institutions 89.77% · other public 0.60%

  4. Reappointment of Statutory Auditors
    Ordinary
    92.54% for7.46% against

    Against: promoters 0.00% · institutions 32.74% · other public 0.05%

    Turnout: all 86.42% · promoters 100.00% · institutions 88.92% · other public 0.60%

  5. To ratify the remuneration payable to M/s. GA and Associates, Cost Accountants, Mysuru (Firm Registration No.000409), Cost Auditors of the Company, for the Financial Year ending March 31, 2024
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 86.61% · promoters 100.00% · institutions 89.77% · other public 0.60%

  6. Approval of limits for the Loans, Guarantees and Investment by the Company as per Section 186 of the Companies Act, 2013
    Special
    83.35% for16.65% against

    Against: promoters 0.00% · institutions 73.09% · other public 0.03%

    Turnout: all 86.42% · promoters 100.00% · institutions 88.92% · other public 0.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 30 Jun 2026, 8 fund houses

  • a. The audited standalone financial statements of the Company for the financial year ended 31 March 2026, together with the reports of the Board of Directors (“Board”) and the Auditors thereon b. The audited consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the report of the Auditors thereon;MoreLess
    8 for0 against
  • To appoint a director in place of Mr. Rajendra Velagapudi (DIN: 06507627), who is liable to retire by rotation and, being eligible, offers himself for re-appointment.
    8 for0 against
  • To ratify the remuneration payable to M/s. GA and Associates, Cost Accountants (Firm Registration No.000409), Cost Auditors of the Company, for the financial year ending March 31 2027.
    8 for0 against
  • To approve the continuation of directorship of Mr. B.V.R. Mohan Reddy (DIN: 00058215) as a Non-Executive Non-Independent Director of the Company post attaining the age of 75 years.
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. No concern on the merit of the proposed Director. Governance concern: Low attendance at Board meetings held during FY 2025-26 and no justification has been provided by the Company for his leave of absence.
    7 for1 against

Mutual fund votes, meeting of 8 Mar 2026, 13 fund houses

  • Variation in the Objects / terms of utilisation of the Initial Public Offering (“IPO”) proceeds and extension of time limit for utilisation of the IPO proceeds
    13 for0 against
5 earlier meetings

Mutual fund votes, meeting of 11 Jan 2026, 12 fund houses

  • Appointment of Dr. Ganesh Natarajan (DIN:00176393) as Non-Executive, Independent Director of the Company
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Director’s time commitments appear to be excessive as he holds 2 full-time positions.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Director’s time commitments appear to be excessive as he holds 2 full-time positions.
    8 for4 against
  • Re-Appointment of Dr. Vanitha Datla (DIN: 00480422) as Non-Executive, Independent Director of the Company for a second term
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not obtained for re-appointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of the proposed appointee. Non-Compliance w.r.t Companies Act, 2013: Prior approval of shareholders not obtained for re-appointment as an ID.
    • Nippon India Mutual FundGovernance Concern: Prior approval of shareholders not obtained for re-appointment as an ID.
    7 for5 against
  • Re-Appointment of Mr. Jehangir Ardeshir (DIN: 02344835) as Non-Executive, Independent Director of the Company for a second term
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundPrior approval of shareholders not obtained for re-appointment as an Independent Director.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on the merits of the proposed appointee. Non-Compliance w.r.t Companies Act, 2013: Prior approval of shareholders not obtained for re-appointment as an ID.
    • Nippon India Mutual FundGovernance Concern: Prior approval of shareholders not obtained for re-appointment as an ID.
    7 for5 against
  • ppointment of Mr. Giridhar Aramane (DIN: 00483130) as Non-Executive, Independent Director of the Company
    12 for0 against

Mutual fund votes, meeting of 10 Oct 2025, 14 fund houses

  • Appointment of Mr. Rajendra Velagapudi (DIN: 06507627) as Managing Director and Chief Executive Officer of the Company
    14 for0 against
  • To approve the continuation of directorship of Mr. BVR Mohan Reddy (DIN: 00058215) as a Non-Executive Non-Independent Director of the Company post attaining the age of 75 years
    14 for0 against

Mutual fund votes, meeting of 3 Jul 2025, 12 fund houses

  • The audited financial statements of the company for the financial year ended 31st March 2025 together with the reports of the board of directors and the auditors thereon The audited consolidated financial statements of the company for the financial year ended 31" March 2025, together with the report of the auditors thereonMoreLess
    12 for0 against
  • To appoint a director in place of Mr. Krishna Bodanapu (DIN: 00605187), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotation
    12 for0 against
  • To ratify the remuneration payable to M/s. GA and Associates, Cost Accountants (Firm Registration No.000409), Cost Auditors of the Company, for the Financial Year ending March 31, 2026
    12 for0 against
  • Appointment of Secretarial Auditor, M/s. MKS & Associates,(Sole Proprietorship concern No. S2017TL460500), Company Secretaries for a period of 5 years.
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundProposed fee payable to Secretarial Auditors not disclosed.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of the proposed Secretarial Auditor. Non-Compliance: Proposed fee payable to Secretarial Auditors not disclosed.
    • LIC Mutual FundConcerns over Proposed fee payable to Secretarial Auditors not disclosed.
    • Nippon India Mutual FundNon disclosure of Proposed fee payable to Secretarial Auditors.
    6 for6 against

Mutual fund votes, meeting of 16 Dec 2024, 14 fund houses

  • APPROVAL FOR GRANT OF STOCK OPTIONS UNDER CYIENT DLM ASSOCIATE STOCK OPTION PLAN 2023 TOnTHE EMPLOYEES OF THE SUBSIDIARY COMPANY(IES) OF THE COMPANY
    Against Invesco Mutual Fund
    • Invesco Mutual FundThrough a Postal Ballot in September 2023, shareholders approved the Cyient DLM Associate Stock Option Plan 2023 (ASOP 2023). As per the scheme, a total of 1,056,173 are to be granted at market price to eligible employees, with a maximum vesting period of seven years. The company is seeking approval to extend the benefit of the scheme to eligible employees of present and future subsidiaries (40% of the total pool size, amounting to 422,469 options). Although we supported the scheme, we do not support enabling approval to extend ESOP scheme benefits to any future subsidiaries, in the absence of any details of such subsidiaries. Therefore, we are unable to support the resolution
    13 for1 against
  • APPROVAL FOR GRANT OF STOCK UNITS UNDER CYIENT DLM RESTRICTED STOCK UNITS PLAN 2023 TO THEnEMPLOYEES OF THE SUBSIDIARY COMPANY(IES) OF THE COMPANY
    Against HDFC Mutual Fund, Invesco Mutual Fund
    • HDFC Mutual FundThe exercise price of RSUs is equal to the face value of the company. In the case of deeply discounted options, there is no alignment between the interests of investors and those of employees.
    • Invesco Mutual FundAt the 2023 September Postal Ballot, shareholders approved Cyient DLM Restricted Stock Unit Plan 2023 (RSU 2023). As per the scheme, a total of 1,584,260 units are to be granted at face value (Rs. 10) to eligible employees, with a maximum vesting period of seven years. The company is seeking approval to extend the benefit of the scheme to eligible employees of present and future subsidiaries (40% of the total pool size). We do not favour RSU schemes where options are granted at a significant discount to the market price and vesting of units is not performance based. RSUs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the RSUs are issued at significant discount to the market price. If the stock options are granted at a significant discount, there is no alignment between the interests of investors and those of employees. Since we do not support the scheme and also do not support enabling approval to extend RSU scheme benefits to any future subsidiaries, in the absence of any details of such subsidiaries, we cannot support the resolution
    12 for2 against

Mutual fund votes, meeting of 28 Jun 2024, 9 fund houses

  • ORDINARY - To receive, consider and adopt:na) the audited standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the reports of the Board of Directors and the Auditors thereon;nb) the audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the report of the Auditors thereon;MoreLess
    9 for0 against
  • To appoint a director in place of Mr. Rajendra Velagapudi (DIN: 06507627), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotation.
    9 for0 against
  • To appoint a director in place of Mr. Venkat Rama Mohan Reddy Bodanapu (DIN: 00058215), who retires by rotation and being eligible, offers himself for re-appointment as a director liable to retire by rotationMoreLess
    9 for0 against
  • Reappointment of Statutory Auditors
    Against Groww Mutual Fund, Nippon India Mutual Fund
    • Groww Mutual FundNo concern on the merit of proposed Auditor. Non-Compliant with SEBI LODR Regulation: Proposed audit fee to be paid to the auditors not disclosed.
    • Nippon India Mutual FundInadequate Disclosure
    7 for2 against
  • To ratify the remuneration payable to M/s. GA and Associates, Cost Accountants, Mysuru (Firm Registration No.000409), Cost Auditors of the Company, for the Financial Year ending March 31, 2024
    9 for0 against
  • Approval of limits for the Loans, Guarantees and Investment by the Company as per Section 186 of the Companies Act, 2013
    Against DSP Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund
    • DSP Mutual FundThe company seeks approval to increase its intercorporate limits under section 186 of the Company’s Act 2013 to accommodate its long-term business plans which may require making loans/investments or issuing guarantees/securities. As on 31 March 2024, the statutory limit available is Rs. 8.5 bn. current utilization of the available statutory limit is zero. The approval is sought for a rolling limit (Rs. 4.0 bn over and above the statutory limit), which increases the company’s ability to undertake transactions under section 186 as the company’s networth increases. We do not favour rolling limits linked to net worth and recommend that companies seek approval for a fixed intercorporate transaction limit. Furthermore, given the ample headroom available under the statutory limit, the company must disclose granular details of its business plan justifying the need for a higher limit. This will enable shareholders to make an informed decision. The company must also clarify whether loans/guarantees given, and investments made will be to promoter owned/ controlled companies.
    • Groww Mutual FundCompliant with Law. Governance concern: Inadequate disclosure regarding proposed recipient(s).
    • HDFC Mutual FundGiven these are rolling limits linked to networth, shareholders will not get a chance to periodic review th e borrowing limits
    • Nippon India Mutual FundInadequate Disclosure
    5 for4 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
Yes

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhereSpent elsewhere, amountReason and comments
Public IssuesJun 2023, checked by ICRA700.00Funding incremental working capital requirements of our Company327.94327.94Yes36.85Reallocation of the IPO proceeds from funding capital expenditure to funding incremental working capital requirements by ₹ 368.47 Million.
Public IssuesJun 2023, checked by ICRA700.00Funding capital expenditure of our Company6.736.73Yes36.85Reallocation of the IPO proceeds from funding capital expenditure to funding incremental working capital requirements by ₹ 368.47 Million.
Public IssuesJun 2023, checked by ICRA700.00Repayment/prepayment, in part or full, of certain of our borrowings160.91160.91YesReallocation of the IPO proceeds from funding capital expenditure to funding incremental working capital requirements by ₹ 368.47 Million.
Public IssuesJun 2023, checked by ICRA700.00Achieving inorganic growth through acquisitions70.0070.00YesReallocation of the IPO proceeds from funding capital expenditure to funding incremental working capital requirements by ₹ 368.47 Million.
Public IssuesJun 2023, checked by ICRA700.00General corporate purposes97.5897.58YesReallocation of the IPO proceeds from funding capital expenditure to funding incremental working capital requirements by ₹ 368.47 Million.
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.