Cyient share price jumps over 4% after firm announces record date for ₹720 crore buyback plan

As per the NSE filing, Cyient’s board of directors have fixed Wednesday, June 17, 2026, as the official record date to determine the eligibility of the shareholders for the share repurchasing offer.

“The company has fixed Wednesday, June 17, 2026, as the record date (Record Date) for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback,” the company informed the stock exchanges.

Shares of Cyient have surged 4.3% to an intraday high of ₹883.45 on Friday, compared to ₹846.65 at the previous stock market close, according to NSE data. The company announced the record date after market operating hours on Thursday.

Cyient buyback offer details

Cyient’s buyback offer comprises a proposal to repurchase up to 64,00,000 or 64 lakh fully paid-up equity shares of the company with a face value of ₹5 per share for an amount not more than ₹720 crore, according to the company’s earlier announcement.

The share buyback deal will be executed at a price of ₹1,125 per share, offering the existing shareholders a premium of nearly 33% on top of the closing price of the company shares as of June 11.

Cyient’s buyback plan is to repurchase 5.76% of the total number of existing paid-up share capital of the company. The offer will be available for all eligible shareholders except the promoter or promoter group of the company, as on the record date.

Market experts said that the companies are currently looking at buybacks at a lower share price level due to the overall recent corrections, rather than carrying out the same corporate action at a higher level.

Buybacks have also been in trend recently due to the Indian buyback tax liability undergoing a major shift, with the income from buyback now not considered under dividend income, which has a higher tax impact.

Earlier investors used to pay tax on the entire amount received without the deduction of the original purchase cost of the shares. Now with the updated tax norms in Budget 2026, the share buyback proceeds will be taxed as capital gains income, similar to other share sale transactions.

Usually, companies also execute their buyback plans if they have no better opportunity to invest their cash reserves, so rather than investing, they use those reserves to give back more value to shareholders.

Cyient share price today

Cyient shares have delivered more than 6% returns on their investments in the last five years, but the stock has lost 39% in the last three years, and over 33% losses in the past one year.

So far in 2026, the company’s stock has lost 21% and were down 3.5% in the past one month. Cyient shares were trading 0.62% lower in the last five market sessions on NSE.

The company’s market capitalisation (m-cap) was at ₹9,617 crore as of the trading session on Friday, June 12, 2026.