Interim report
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Cyient Ltd. 4th 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 22 October 2026 BSE Limited National Stock Exchange of India Ltd PJ Towers, 25th Floor Exchange Plaza Dalal Street Bandra-Kurla Compl ex, Bandra(E) Mumbai 400 001 Mumbai-400 051 Scrip Code: 532175 Scrip Code: CYIENT Dear Sir/ Madam, Sub: Outcome of Board Meeting This is to inform that the Board of Directors of the company at their meeting held today has inter-alia has approved the following: 1. Un-audited financial results (Standalone and Consolidated) for the quarter and half year ended 30 September 2026 – Annexure A 2. Declaration of Interim Dividend of Rs. 12/- per eq uity share (i.e.240%) on par value of Rs. 5/- per share and fixed record date for this purpose. 3. Reconstitution of Audit Committee, Risk Management Committee, Stakeholders Engagement Committee and Environment, Social & Governance Committee– Annexure B 4. Acquisition of remaining 49% stake in Cyient Solutions and Systems Private Limited (CSSPL) post; this acquisition CSSPL will became a wholly owned subsidiary of the company. The meeting of Board of Directors of the company commenced at 13.45 hrs. and concluded at 15:50hrs This is for your information and records. Thanking you For Cyient Limited Sudheendhra Putty Company Secretary CYll:NT • • •
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CYIENT LIMITED (CIN No.: L72200TG1991PLC013134) Regd office: 4th Floor, "A" Wing, Plot No. 11, Software Units Layout, lnfocity, Madhapur, Hyderabad -500 081, India Statement of Unaudited Consolidated and Standalone Financial Results for the Quarter and Half Year Ended September 30, 2026 (f in Millions) Consolidated results Standalone results SI.No Particulars Quarter Ended Half Year Ended Year Ended Quarter Ended Half Year Ended Year Ended 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income (a) Revenue from contracts with customers 22,350 20,757 17,810 43,107 34,928 72,682 6,920 6,796 5,957 13,716 11,442 23,633 (b) Other income (refer note 4) 86 69 500 155 1,197 1,772 32 200 282 232 869 1,389 Total income 22,436 20,826 18,310 43,262 36,125 74,454 6,952 6,996 6,239 13,948 12,311 25,022 2 Expenses (a) Employee benefits expense 11,731 11,228 10,057 22,959 19,690 40,340 3,419 3,444 3,217 6,863 6,423 13,032 (b) Cost of materials consumed 3,554 2,929 1,872 6,483 3,490 8,128 (c) Changes in inventories of finished goods, stock-in-trade and work-in-progress (307) 71 6 (236) 76 (:166) (d) Finance costs 373 217 159 590 322 608 67 25 30 92 59 104 (e) Depreciation and amortisation expense 840 767 722 1,607 1,402 2,782 202 205 201 407 403 806 (f) lmpairmen t of non-current assets 278 (g) Other expenses 4,248 3,891 3,687 8,139 7,177 15,098 1,818 1,411 1,088 3,229 2,113 4,881 Total expenses 20,439 19,103 16,503 39,542 32,157 66,968 5,506 5,085 4,536 10,591 8,998 18,823 3 Profit before share ofloss from an associate, exceptional items and tax (1-2) 1,997 1,723 1,807 3,720 3,968 7,486 1,446 1,911 1,703 3,357 3,313 6,199 4 Share of loss from an associate (30) 112) (48) (42) (73) (1131 5 Profit before exceptional items and tax {3+4) 1,967 1,711 1,759 3,678 3,895 7,373 1,446 1,911 1,703 3,357 3,313 6,199 6 Exceptional items 207 207 (928) 207 207 (3,309) 7 Profit before tax {5+6) 1,967 1,711 1,966 3,678 4,102 6,445 1,446 1,911 1,910 3,357 3,520 2,890 8 Tax expense (a) Current tax 690 614 887 1,304 1,474 2,706 430 355 469 785 892 1,654 (b) Deferred tax (48) 10 (350) (38) (375) (891) (12) 119 7 107 7 (310) Total tax expense 642 624 537 1,266 1,099 1,815 418 474 476 892 899 1,344 9 Net Profit for the period/year (7-8) 1,325 1,087 1,429 2,412 3,003 4,630 1,028 1,437 1,434 2,465 2,621 1,546 Attributable to: Shareholders of the Company 1,214 1,041 1,275 2,255 2,813 4,279 1,028 1,437 1,434 2,465 2,621 1,546 Non-controlling interests 111 46 154 157 190 351 10 Other comprehensive income {a) Other comprehensive income not to be reclassified to profit or loss in subsequent periods: (i) Re-measurement gain/(loss) on defined benefit plans 66 (27) 6 39 (1) 20 51 (27) 2 24 (6) 7 Income tax effect on above (16) 7 (1) (9) (7) (13) 7 (1) (6) 1 (3) (ii) Fair value change on financial instruments (38) (38) (161) 46 Income tax effect on above (11) (11) (b) Other comprehensive income to be reclassified to profit or loss in subsequent periods: (i) Exchange differences in translating the financial statements of foreign operations 886 188 527 1,074 1,355 2,962 (ii) Net loss on net investment hedge [refer note 6) (292) (292) (iii] Effective portion of gain/(lo s) on designated portion of hedging instrnments in a cash flow hedge 109 264 (129) 373 (253) (473) 72 254 (126) 326 (250) (452) Income tax effect on above (18) (64) 32 (82) 63 118 (18) (64) 32 (82) 63 114 735 368 397 1,103 1,126 2,448 92 170 (93) 262 (192 (299) Attributable to: Shareholders of the Company 723 366 392 1,089 1,121 2,483 92 170 (93) 262 (192) (299) Non-controlling interests 12 2 5 14 5 (35) 11 Total comprehensive income {9+10) 2,060 1,455 1,826 3,515 4,129 7,078 1,120 1,607 1,341 2,727 2,429 1,247 Attributable to: Shareholders of the Company 1,937 1,407 1,667 3,344 3,934 6,762 1,120 1,607 1,341 2,727 2,429 1,247 Non-controlling interests 123 48 159 171 195 316 12 Paid-up equity share capital fFace Value of f 5 per sharel 556 556 13 Other equity 56,263 35,341 14 Earnings Per Share [Face Value of~ 5 per share]* - (a) Basic [in~) ~~~ 11.54 9.42 11.55 20.91 25.51 38.78 9.77 13.00 12.99 22.85 23.76 14.01 (b) Diluted (in~) 11.47 9.37 11.48 20.79 25.34 38.54 9.71 12.93 12.91 22.72 23.61 13.93 • EPS for the quanerly and half yearly periods a1·e not annualised. (~t~.~ [Page I of6) 'Y~ rif> R/XV
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Balance sheet: fl in Millions) Consolid ated Standalone Particulars As at Asat 30-Seo -2026 31- Mar-2 026 30 -Sep-2026 31-Mar-2026 Unaudited Audited Unaudited Audited ASSETS Non-current assets Property, pla nt and equipment 5,097 4,747 2,527 2,373 Right-of-use assets 2,622 2,448 271 477 Capita l work -in-prog ress 117 48 27 27 Goodwill 42,411 19,717 110 110 Other inta ngible assets 9,966 3,931 414 454 Intangible assets under developme nt 117 Inves tm ent acco un ted for usi ng the eq uity me thod 475 499 Finan cial assets (a) Invest ments 2,149 1,981 40,376 18,820 (b) Other fi nancial assets 330 310 164 168 Deferred tax assets ( net) 1,870 1,838 537 732 Income tax assets (net) 539 633 98 217 Other non-curren t assets 417 430 18 13 Total non-current assets 66,110 36,582 44,542 23,39 1 Current assets Inventor ies 7,677 6,528 Contr act assets 7,077 5,746 1,301 1,048 Financial assets (a) Investments 3,245 2,094 2,005 1,783 (b) Trade receivables 14,447 13,055 4,841 5,696 (c) Cash and cash equ ivalents 12,454 14,575 3,883 9,408 ( d) Bank ba lances ot her than cash a nd cash equivale nts 757 488 2 2 (e) Loa ns 1,333 ( f) Other fi nancial assets 304 133 153 80 Other curre nt assets 3,779 2,71 0 1,501 1,223 Total current assets 49,740 46,662 13,686 19,240 TOT AL ASSETS 115850 83 244 58 228 42 63 1 EQUITY AND LIABILITIES Equity Equity sha re cap ita l 524 556 524 556 Other equit y 50,459 56,263 31,018 35,34 1 Equity attributable to shareholders of the Company 50,983 56,819 31,542 35,897 Non-contro lling interests 5,080 4,814 Total equity 56,063 61 ,633 31,542 35,897 LIABILITIES Non-current liabilities Financial liabi lities (a) Borrowi ngs 22,506 778 11 ,447 (b) Lease liab ilities 1,764 1,756 53 137 (c) Other fi nancia l liabilit ies 12,096 17 9,44 8 Prov isio ns 2,444 2,387 1,80 0 1,841 Deferred tax liabi lities (net) 1,682 741 Total non-current liabilities 40,492 5,679 22 ,748 1,978 Current liabilities Finan cial liab il ities (a) Borrowi ngs 2,291 880 (b) Lease liab ilities 1,033 897 184 312 (c) Trade payab les (i) Total outsta nding dues of micro enterpr ises and s mall ente rprises 107 95 55 59 (ii) Tota l outsta ndin g d ues of cred ito rs oth er th an m icro enterpri ses and small 6,078 5,273 1,437 2,3 12 enterpri ses ( d) Other fina ncial liabilities 5,079 4,113 1,415 1,283 Income tax liabili ties (net) . 522 452 43 23 Provi sions 1,595 1,63 0 537 448 Other curre nt liab il ities 2,59 0 2,592 267 319 Total current liabilities 19,295 15,932 3,938 4,756 Total liabilities 59,787 21,611 26,686 6,734 TOTAL EQUITY AND LIABILITIES 115850 83 244 58 228 42 631 (Page 2 of 6)
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NOTES: 1 The above statement of unaudited consolidated and standalone financial results ofCyient Limited (the "Holding Company" or the "Company"), it subsidiaries (the Holding Company and its subsidiaries together referred toas the "Group") and an associate has been prepar·ed in accordance with the Indian Accounting Standards (' Ind AS') prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI"). These results were revieweu and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on October 22, 2026. The Statutory Auditors have carried out a limited review of the unaudited consolidated and standalone financial results and issued unmodified reports thereon. 2 The Company, through its subsidiary, Cyient Cayman Limited, acquired majority stake of82.9% in Kinetic Technologies on April 8, 2026, upon satisfaction of the closing conditions for a consideration on 7,910 Mn (US$ 85 Mn), which included funds retained within Cyient Cayman Limited to support the ongoing operations amounting to { 1,023 Mn (US$ 11 Mn), resulting in net purchase consideration of { 6,887 (US$ 74 Mn). Further, the non controlling shareholders have put option towards their shareholding on the Group, exercisable after four years based on the agreed terms. The transaction was accounted in accordance with Ind-AS 103, 'Business Combinations' and the initial accounting has been provisionally determined. The Group recognised {2,792 Mn (US$ 30 Mn) towards the fair value of net assets acquired, { 4,654 Mn (US$ 50 Mn) towards goodwill, non-controlling interest of { 465 Mn (US$ 5 Mn) and pre-combination employee stock options on 93 Mn (US$ 1 Mn). Further, the Group has recognised a financial liability in respect of the put option granted to the non-controlling shareholders, measured at { 2,457 Mn l US$ 26 Mn) as of the acquisition date. The acquisition pertains to the Group's Semiconductor Segment. 3 Pursuant to Share Purchase Agreement ('SPA') dated May 30, 2026, the Company has acquired 100% of the issued capital of TAO Digital Solutions Inc., a Delaware Corporation (TAO), for a consideration on 21,563 Mn ($228 Mn), consi ting of an upfront cash payment of { 12,295 Mn($ 130 Mn) and performance-based contingent payments of { 9,268 Mn($ 98 Mn). Consequent to this acquisition, TAO along with its subsidiaries became wholly owned subsidiaries of the Company with effect from September 3, 2026 upon satisfactory completion of the closing conditions under the SPA and has been consolidated with effect from that date. The transaction was accounted in accordance with Ind AS 103 and the initial accounting has been provisionally determined. The Group recognised { 4,325 Mn($ 46 Mn) towards the fair value of net assets acquired and { 17,238 Mn($ 182 Mn) towards Guu<lwill. The acquisition pertains to the Group's DET (Digital, Engineering and Technology) Segment. 4 Other income includes: (fin Millions) Particulars Quarter ended Half Year Ended Year ended i. Net foreign exchange gain/(loss) 30-Sep-26 I 30-Jun-26 I 30-Sep-25 30-Sep-26 I 30-Sep-25 31-Mar-26 Standalone results (460)1 (209)1 93 (669) I 500 591 Consolidated results (2381 I (23411 66 (4721 I 531 595 ii. During the quarter ended September 30, 2026 and June 30, 2026, the Company received a dividends of { 400 Mn from Cyient Insights Private Limited and { 132 Mn from Cyient Australia Pty Limited, its wholly owned subsidiaries respectively and the same is recognised as 'Other income' in the standalone financial results. S During the quarter ended September 30, 2026, Cyient Semiconductors Singapore Private Limited (the Company's subsidiary) has issued Non -Convertible Debentures (NCO) aggregating to { 2,000 Mn, which is repayable at the end of 3 years from the date of i sue and Compul orily Convertible Preference Shares (CCPS) aggregating to { 1,000 M 11. The CCPS have fixed conversion terms and exit right on the Company if certain events do not occur within the stipulated period. Accordingly, CCPS is recogni ed as a financial liability in the consolidated financial results. 6 During the quarter ended September 30, 2026, the Group formally designated its USO denominated External Commercial Borrowing (ECB) and earnout payable relating to the TAO Digital Solutions Inc., acquisition as hedging instruments against its net investment of its subsidiarie with functional currency as USO for purpose of hedge accounting. Accoruingly, a foreign exchange loss of { 292 Mn representing effective portion of the hedge is recognised in other comprehensive income to offset translation differences on the hedged net investments in the consolidated financial results. 7 The Board of Directors of the Company, at its meeting held on April 23, 2026, approved a pro po al for the Company to buyback up to 6,400,000 fully paid-up equity share of face value {5 each, comprising S. 76% of the tota I paid-up equity share capital of the Company as of March 31, 2026, through the tender offer route, from the eligible equity shareholders of the Company, at a price of { 1,125 per equity share, for an aggregate amount not exceeding { 7,200 Mn (excluding transaction costs). The shareholders approved the proposal for buyback of equity shares by way of special resolution, the results of which were announced on June 10, 2026. The tendering period for the buyback opened on June 23, 2026 and closed on June 30, 2026 and the Company has made payment to all the shareholders whose bids were valid and accepted under the buyback on July 06, 2026, through the stock exchange settlement mechanism. The extinguishment of all accepted share held in dematerialised form was completed on July 15, 2026, in accordance with the applicable Buyback Regulations. 8 During the quarter ended September 30, 2026 and June 30, 2026, the Company has allotted 17,340 equity shares and 15,616 equity shares of { S each respectively, consequent to the exercise of the stock options by the associates of the Company under the Associate Stock Option Plans. 9 The Board of Directors at their meeting held on October 22, 2026 has declared an interim dividend on 12 per share on face value on 5 each, aggregating to~ 1,257 Mn. 10 Consolidated and tandalone unaudited statement of cash flows are attached in Annexure - 1 (A) and Annexure -l(B) respectively. (Page 3 of 6)
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11 SEGMENT REPORTING: Particulars Segment revenue Digital, Engineering & Technology (DET) Design Led Manufacturin g (DLM) Semicondu ctors Others Total Less: Inter segment revenue Revenue from contracts with customers Segment results Digital, Engin eer ing & Technology (DET) Design Led Manufacturing (O LM) Semi condu ctors Oth ers Total Less: Finance costs Add: Excepti onal items Oth er unall ocable income/ (expense) (net) Share of loss from an associate* Profit before tax Tax expense Profit for the period /year Capital employed (Segment assets - Segment liabilities) Segment assets Digital, Engin eerin g & Technology (DET) Design Led Manufacturing (DLM) Semicondu ctors Others Unallocable Total segment assets Segment liabilities Digital, Engin eeri ng & Technology (DET) Design Led Manufa ctu rin g (DLM) Semiconductors Others Unall ocabl e Total segment liabilities * Pertains to Semi conducto rs segment. Notes: 30-Sep-26 Unaudit ed 16,642 3,931 1,847 93 22,513 163 22,350 2,319 422 (300) (18) 2,423 373 (53) (30) 1,967 642 1,325 Quarter Ended 30-Jun-26 30-Sep-25 Unaudit ed Unaudited 15,402 14,385 3,738 3,107 1,697 542 81 86 20,918 18,120 161 310 20,757 17,810 1,884 1,538 286 403 (284) (235) (13) (9) 1,873 1,697 217 159 207 67 269 (12) (48) 1,711 1,96 6 624 537 1,087 1,429 30-Sep-26 Unaudited 63,720 18,156 12,542 366 21,066 115,850 21,445 4,089 4,193 35 30,025 59,787 Segment in formation is presented in accordance with Ind AS 108 "Operating Segments" for the consol idated financial results. The CODM reviews the business across four operating segments: (~ in Millions) Half Year Ended Year Ended 30-Sep-Z6 30-Sep-25 31-Mar-26 Unaudit ed Unaudited Audited 32,044 28,310 58,189 7,669 5,891 12,615 3,544 1,014 2,283 174 160 343 43,431 35,375 73,430 324 447 748 43,107 34,928 72,682 4,203 3,210 6,911 708 555 1,075 (584) (417) (1,078) (31) (17) (331) 4,296 3,331 6,577 590 322 608 207 (928) 14 959 1,517 (42) (73) (113) 3,678 4,102 6,445 1,266 1,099 1,815 2,412 3,0 03 4,630 As at 30-Jun-26 31-Mar-2 6 30-Sep-25 Unaudited Audited Unaudited 39,560 39,071 38,578 17,826 17,236 15,691 12,414 3,661 3,515 362 333 619 22,654 22,943 20,8 18 92,816 83,244 79,221 10,883 10,938 8,33 1 4,007 3,893 3,956 3,810 703 433 36 47 28 12,874 6,030 6,146 31,610 21,611 18,894 Digital, Engineering & Technology (DET) segment consists of Group 's business of enginee ring solu tions across multiple industries including Transportation & Mobi lity (such as Aerospace, Rail & Aut omotive), Networks & Infrastru cture (such as Connectivity and Util ities) and Strategic units (such as Mining & Minerals , Energy, Healthcare & Lifesciences). Design Led Manufacturing (DLM) segment consists of Group's business of Electronics Manufacturing Services. Semiconductors segment consists of Group's business of design, development and supply chain management of semiconductor chips. Others segment consists of Group's other bus iness oper ati ons which includ es Aerospace Tooling division. 12 Current quart er/ period numb ers may not be strictly comparabl e with comparati ve numbers due to the acquisitions during the period endin g September 30, 2026 . Place : Hyderabad Date : October 22, 2026 (Page 4 of 6)
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Consolidated statement of cash flows · Particulars A. OPERATING ACTIVITIES Profit for the period Adiustments to reconcile profit to net cash flows: Tax expense Sha re of loss of an associate Depr eciati on and amor tisation expe nse (Profit )/Loss on disposal of property, plant and eq uipm ent (net) Gain on termin ation of leases (net) Finance costs Interest income Profit on sale of mutual funds Gain on fair valua tion of financial assets and fina ncial liab ilities (net) Share-b ased payments to e mpl oyees Prov ision for expected credit loss [net of writ e-off) Unrealis ed fo rex loss/ (gai n) ( net) Operating profit before working capital changes Working capital adiustm ents: Adiustments [or (increase 11.. decrease in ouerating_ assets: Trade receivabl es Other fina ncial assets Invento ries Contract assets Other ass ets Adjustments [or increase{_ (decrease I in or,_erating liabilities: Trade payables Other financial liabilities Other liabilities Provisions Cash generated from operations Net income taxes paid Net cash flows from operating activities (A) B. INVESTING ACTIVITIES Paym ent towa rds purchase of property, plant and equipment and intangible assets Proceeds from disposal of prop erty, plant and eq uipment Invest ments in - mutual funds - oth ers Proceeds from sale of inves tm ents in - mutual funds - bonds Interest rece ived Loan repa id /(given) (Payme nt)/ refund towa rds acquisition of business includi ng prior year acq uisitions (refer note (ii) below) Invest ment in oth er bank balances Procee ds from other bank balan ces Net cash flows used in from investing activities (B) C. FINANCING ACTIVITIES Proceeds from shares issued on exe rcise of assoc iate stoc k opti ons (includ es share applicati on money) Payment towa rd s buyback includ ing transaction cost Repayments of factorin g arra ngements ( on behalf of banks) Int eres t paid Procee ds from non-cu rrent borrowings Repayment of non -curr ent borrowings Movement in current borrowings (net) Payment of prin cipal portion of lease liabiliti es Payment of interes t porti on of lease liabilities Repayment of sale and leaseback of assets Dividends paid to equity share holders of th e Par ent (includes transfer to investor education and protect ion fund ) Net cash flows generated/ (used in) from financing activities (C) Net (decrease)/ increase in cash and cash equivalents (A+B+C) Cash and cas h equi valents at the beginnin g of the peri od Effect of exchange differences on translat ion of foreign currency cas h and cas h eq uival ents Cash and cash equivalents at the end of the period (refer note (i) below) Note: (i) Cash and cash equivalents comprises of Balances with banks - in cu rrent accounts - in deposits with banks [Original matu rities less than 3 months ) Unpaid dividend accou nts Total cash and cash equivalents Bank ove rd rafts account balances Net cash and cash equivalents (ii) Net cash outflow on ac uisition of business: Particulars Cons iderati on paid/(r efund ed) in cas h Less: Cash and cash equ ivalent balan ces acqui red on the acqu isit ion Net cash outflow on ac uisition of business For the half year ended September 30, 2026 Unaudit ed 2,4 12 1,266 42 1,607 (7) 590 (33 1) (145) (114 ) 198 83 253 388 13 (639) (574) (928) (454) 569 (157) (245) (656) 45 (2,353) (158) 1.355 20 239 1.355 (17,606) (582) 342 3 (7,275) 26 (275) 21,589 (140) (8 1) (584) (79) (2) (2) 5,854 3,827 (1,160 ) 2,667 (17 ,999) 13,180 (2,152) 14,467 32 12,347 5,789 6,61 7 48 12,454 (107) 12,347 For the half year ended September 30, 2026 19,182 (1,576 ) 17,606 Annexure l(A) ('t in Millions) For the half year ended September 30, 2025 Unaudit ed 3,003 1,099 73 1,402 13 3 322 (42 1) (49) (196) 107 290 (38 4) 2,612 28 (165) (95 1) (47 9) (33 4) 6 (37 9) (44) (642) 4 (6,153) (94) 5,767 453 493 (443) 84 (1,435) 1,550 8 (6) (243) (577) (518) (95) (7) (1,534) 5,262 5,556 (1,188) 4,368 (416) (2,972) 980 10,706 197 11,883 3,138 8,70 1 44 11,883 11,883 For the half year ended September 30, 2025 (84) 64) (Page 5 of 6)
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Standalone statement of cash flows· A. 0 PERA TING ACTIVITIES Profit for the period Particulars Adiustments to reconcile profit to net cash flows: Tax expense Dividend from subs idiar ies Dep reciat ion a nd amo rti sation expe nse Loss/(Profit) on d isposal of prope rty, plant and eq ui pme nt (net) Ga in on te rmi nat ion of leases (net) Finan ce costs Int eres t income Pro fit on sa le of mutua l fun ds Loss/( gain ) o n fa ir valuati on of fi nancial as se ts and fi nancia l liab ility (net) Share-based payme nts to emp loyees Prov is ion / (Reversa l) fo r expected credit loss (net of write-off) Unrealised forex loss/ (gain) (net) Operating profit before working capital changes Workin g capital adiustments: Adiustments for fincrease)/decrease in operating assets: Trad e receivab les Oth er finan cial assets Contra ct assets Oth er assets Adiustments for increase/fdecrease) in operating liabilities: Trade payab les Oth er financial liabi lities Oth er liabilit ies Prov is ions Cash generate d from operations Net inco me taxes pa id Net cash flows from operating activities (A) B. INVESTING ACTIVITIES Pay ment towa rds purchase of property, plan t and equ ipment a nd intangible assets Procee ds from d isposal of property, plant an d eq uipme nt Inves tm ents in - subs idiaries - mutual fun ds Procee ds from sale of inves tm ents in - mutu al funds - bo nds Procee ds from tra nsfer of bus iness to subsi diar y Loa ns given to subsi diar ies Loa ns repai d by subsi diaries Int erest rece ived Dividend rece ived from subs idiar ies Net cash flows used in from investing activities (B) C. FINANCING ACTIVITIES Procee ds from sha res iss ued on exercise of associa te stock opt ions (includ es share appli cati on m oney) Pay ment towards b uybac k includ ing transa ction cost Int eres t pai d Payment of principa l po rtion of lease liab ilit ies Payment of int eres t po rti on of lease liab iliti es Repayment of sa le an d lease ba ck of asse ts Dividends paid to eq uity shareholders (includes t ransfe r to investor educ ati on and pro tection fun d) Procee ds from non -curre nt bo rrowings Net cash flows generated/ (used in) from financinl!: activities f C) Net (decrease)/ increase in cash and cash equivalents (A+B+C) Cash and cas h equiva lents at the begi nning o f th e period Effect of exc hange differences on transl ation of fo reign curr ency cas h an d cas h eq uivalents Cash and cash equivalents at the end of the period (refer note below) Note : Cash and cash equivalents comprises of Balan ces w ith banks - in curr ent acco unts - in depos its w ith banks (Original maturi t ies less t han 3 mon ths) Unpaid di vidend acco un ts Total cash and cash equivalents For the half year ended September 30, 2026 Unaudited 2,465 892 (532) 407 (5) (4) 92 (257) (94) 386 88 20 438 727 25 (247) (288) (899) 160 (51) 72 (386) 9 (12,295) (1,035) 937 20 213 532 3,896 3,395 (621) 2,774 (12,005) (7,275) (33) (189) (15) (2) (2) 11,242 3,729 (5,502) 9,408 (23) 3,883 988 2,847 48 3,883 Annexure l(B) ('{ in Millions) For the half year ended September 30, 2025 Unaudited 2,621 899 403 8 59 (290) (49) (3) 125 (18) (246) 2,166 90 (972) (112) 157 (50) (205) 86 (149) 4 (2,571) (6,153) 5,767 453 629 (161) 1,299 241 8 (23) (232) (36) (7) (1,534) 3,509 4,669 (761) 3,908 (641) (1,824) 1,443 6,526 (9) 7,960 1,399 6,5 17 44 7,960 (Page 6 of 6)
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants THE SKYVIEW 10 18th Floor, "NORTH LOBBY" Survey No. 83/1, Raidurgam Hyderabad - 500 032, India Tel : +91406141 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of Cyient Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Cyient Limited I. We have reviewed the unaudited standalone financial results of Cyient Limited (the "Company") for the quarter and six months period ended September 30, 2026 included in the accompanying Statement of Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026 (the "Statement ") attached herewith , being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listi ng Obligations and Disclosure Requirements) Regulations , 2015 , as amended (the "L isting Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) " Interim Financial Reportin g" prescribed under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations . The Statement has been approved by the Company ' s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24 I 0, "Review of Interim Financial Information Performed by the Independ ent Auditor of the Entity " issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the revie w to obtain moderate assurance as to whet her the Statement is free of material misstatement. A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accountin g matters , and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we wo uld become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opinion . 4. Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (' Ind AS ') specified under Section 133 of the Companies Act, 20 13 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number: 101049W /E300004 ~¼%)~~~ per Mitesh K Parikh Partner Membership No.: 225333 UDIN:lGl2S333'(UTt-1UO30\ 4- Place: Hyderabad Date : October 22, 2026 S.R. BatilDol & Associates L!..P, a Limited Liability Partnership with LLP Identity No. AAB-4295 Regd . Office : 22, Camac Street, Block ·e·, 3rd Floor , Kolkata·700 016
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S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants THE SKYVIEW 10 18th Floor, "NORTH LOBBY" Survey No. 83/1, Raidurgam Hyderabad - 500 032, India Tel : +91 40 6141 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of Cyient Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Cyient Limited I. We have reviewed the unaudited consolidated financial results of Cyient Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associate for the quarter and six months period ended September 30, 2026 included in the accompanying "Statement of Unaudited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2026" (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 13 3 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Holding Company: Cyient Limited Subsidiaries: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Cyient Inc., United States of America Cyient Canada Inc., Canada Cyient Defense Services Inc., United States of America CDS Lavender Holdings Inc., United States of America (incorporated w.e.f. February 17, 2026) Cyient Insights Private Limited, India Cyient Europe Limited, United Kingdom Cyient Benelux BV, Netherlands Cyient Schweiz GmbH, Switzerland Cyient S.R.O., Czech Republic Cyient Semiconductors NV, Belgium Cyient GmbH, Germany Cyient AB, Sweden Cyient K.K., Japan S.R. 8atiibol & Associates LLP, a limited liabllity Partnership with LLP Regd. Office: 22, Camac Street, Block ·e·, 3rd Floor, Kolkata-700
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants 14. Cyient OLM Limited, India 15. Cyient Singapore Private Limited, Singapore 16. Cyient Austria GmbH, Austria (incorporated w.e.f. November 24, 2025) 17. Cyient Israel India Limited, Israel 18. Cyient Solutions and Systems Private Limited, India 19. Cyient Australia Pty Limited, Australia 20. Integrated Global Partners Pty Limited, Australia 21. Integrated Global Partners SpA, Chile 22. Work Force Delta Pty Ltd, Australia 23. Grit Consulting Pte Ltd, Singapore 24. Celfinet - Consultoria EM Telecomunicai;oes, S.A, Portugal 25. Metemesonip, Unipessoal Lda, Portugal 26. Celfinet UK Telecommunications Consulting Services Ltd, United Kingdom 27. Celfinet Espana- Consultoria en Telecomunicaciones S.L, Spain 28. Celfinet (Brasil)- Consultoria em Telecomunicac;oes, Ltda, Brazil 29. Celfinet Mozambique - Consultoria em Telecomunicac;oes, Limitada, Mozambique 30. Celfinet Mexico - Consultoria de Telecomunicaciones AS, Mexico 31. Cyient Semiconductors GmbH, Germany 32. Sentiec Oyj, Finland 33. Citec Group Oy Ab, Finland 34. Cyient Oy Ab, Finland 35. Citec Engineering France Sarl, France 36. Cyient Engineering AB, Sweden 3 7. Cyient Engineering & Information GmbH, Germany 38. Cyient Group France SAS, France 39. Akilea Overseas Ltd., United Kingdom 40. Cyient Norway AS, Norway 41. Cyient Global Captive Solutions Private Limited, India 42. Cyient DLM Inc, United States of America 43. Cyient Semiconductors Private Limited, India 44. Cyient Project Management Consultancy LLC, United Arab Emirates 45. Cyient Semiconductors Inc, United States of America 46. Cyient DLM Electronics Inc (formerly known as Altek Electronics, Inc), United States of America 47. Abu Dhabi and Gulf Computers LLC, United Arab Emirates 48. Cyient Semiconductors Europe Private Limited, United Kingdom 49. Cyient Semiconductors Singapore Pte. Ltd., Singapore (incorporated w.e.f. July 04, 2025) 50. Cyient Cayman Limited, Cayman Islands (incorporated w.e.f. November 27, 2025) 51. Cyient Cayman Merger Sub Limited, Cayman Islands (incorporated w.e.f. December 01, 2025 and merged w.e.f. April 02, 2026) 52. Kinetic Technologies, Cayman Islands (acquired w.e.f. April 08, 2026) 53. Kinetic Technologies Europe Limited, United Kingdom (acquired w.e.f. April 08, 2026) 54. Kinetic Technologies HK Ltd., Hong Kong (acquired w.e.f. April 08, 2026) 55. Kinetic Technologies (Shanghai) Ltd, China (acquired w.e.f. April 08, 2026) 56. Kinetic Technologies K.K., Japan (acquired w.e.f. April 08, 2026) 57. Kinetic Technologies Holdings LLC, United States of America (acquired w.e.f. April 08, 2026) 58. Kinetic Technologies International Holdings LP, Canada (acquired w.e.f. April 08, 2026) 59. Kinetic Technologies Semiconductor PTE LTD., Singapore (acquired w.e.f. April 08, 2026) 60. Kinetic Technologies, Inc., United States of America (acquired w.e.f. April 08, 2026) 61. Kinetic Technologies (Wuxi) Ltd, China (acquired w.e.f. April 08, 2026) 62. Tao Digital Solutions Inc, United States of America (acquired w.e.f. September 03, 2026) 63. Software Competitiveness International Gmbh, Germany (acquired w.e.f. September 03, 2026) 64. Software Competitiveness International S.A., Greece (acquired w.e.f. September 03, 2026) 65. Tao Digital India Private Limited, India (acquired w.e.f. September 03, 2026) 66. Tao Digital Pty. Ltd, Australia (acquired w.e.f. September 03, 2026) 67. Tao Digital Solutions Czech Republic S.R.O., Czech Republic (acquired w.e.f. September 03, 2026) 68. Tao Digital Taiwan Limited, Taiwan (acquired w.e.f. September 03, 2026) 69. Tao Digital ULC, Canada (acquired w.e.f. September 03, 2026)
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S.R. BATL/80/ & ASSOCIATES LLP Chartered Accountants Associate entity: Azimuth AI Inc., United States of America 5. Based on our review conducted and procedures performed as stated in paragraph 3 above , and based on the consideration of the review report of other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act , 2013 , as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement. 6. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of an associate , whose unaudited interim financial results includes the Group ' s share of net loss after tax of Rs. 30 million and Rs. 42 million and Group ' s share of total comprehensive loss of Rs. 30 million and Rs. 42 million for the quarter and six months period ended September 30, 2026 respectively , as considered in the Statement , whose unaudited interim financial results and other unaudited financial information have been reviewed by its independent auditor . This independent auditor ' s report on unaudited interim financial results and other unaudited financial information has been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures included in respect of the associate is based solel y on the report of such auditor and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified with respect to our reliance on the work done and the report of the other auditor. For S.R. Batliboi & Associates LLP Chartered Accountants [CAI Firm registration number: 101049W /E300004 ®~~ per Mitesh K Parikh Partner Membership No.: 225333 UDIN: 1.6 2:1..S i~3 lXIYXP5 Place: Hyderabad Date: October 22, 2026
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Cyient Ltd. 4th 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 Annexure B Audit Committee: Sr. No Name Category Position 1 Sunil R Bhumralkar Independent Director Chairperson 2 MM Murugappan Non-executive and Non-Independent Director Member 3 PR Ramesh Independent Director Member 4 Murali Yadama Independent Director Member Risk Management Committee: Sr. No Name Category Position 1 Sunil R Bhumralkar Independent Director Chairperson 2 MM Murugappan Non-executive and Non-Independent Director Member 3 PR Ramesh Independent Director Member 4 Murali Yadama Independent Director Member Stakeholders Engagement Committee: Sr. No Name Category Position 1 Murali Yadama Independent Director Chairperson 2 B V R Mohan Reddy Non-executive and Non-Independent Director Member 3 Krishna Bodanapu Executive Director Member Environment, Social & Governance Committee (ESG) Sr. No Name Category Position 1 Murali Yadama Independent Director Chairperson 2 B V R Mohan Reddy Non-executive and Non-Independent Director Member 3 Krishna Bodanapu Executive Director Member CYll:NT • I I I I • •