Cyient, Inc., a wholly-owned subsidiary of the Company in the US, has converted from a California corporation to a Delaware corporation. Other than this conversion, the corporation`s Employer Identification Number (EIN) and other identifying information remain the same. Powered by Capital Market - Live News

Cyient announced that the Board of Directors of the Company at its meeting held on 24 October 2024, has recommended a Interim dividend of Rs.12 per share (i.e.240%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Cyient rose 0.45% to Rs 179.10 crore in the quarter ended September 2024 as against Rs 178.30 crore during the previous quarter ended September 2023. Sales rose 3.97% to Rs 1849.10 crore in the quarter ended September 2024 as against Rs 1778.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1849.101778.50 4 OPM %16.0518.32 - PBDT320.30312.30 3 PBT254.30246.50 3 NP179.10178.30 0 Powered by Capital Market - Live News

The Board of Cyient at its meeting held on 24 October 2024 has approved the following:1. Acquisition of Abu Dhabi & Gulf Computers Establishment through Company`s subsidiary 2. Investment in to Azimuth AI, Inc., through Company`s step down subsidiary 3. Closure of Branches at Singapore, Korea and Malaysia Powered by Capital Market - Live News

Business Finland and Cyient have entered into a memorandum of understanding (MoU) to collaborate in advancing technology innovation. This strategic partnership aims to foster joint initiatives focused on cutting-edge technologies, including 5G, AI, sustainability solutions, space technology, and robotics. The MoU aims to facilitate cooperation opportunities between Cyient and Business Finland. The collaboration will leverage Cyient`s strong presence in Europe, especially in Finland, and a robust platform to work with the Finnish ecosystem, including startups. Business Finland will enable a joint go-to-market to enhance market access and visibility. Through this alliance, Business Finland aims to bolster Finland`s status as a leader in innovation and to foster the development of new digital industries. We see tremendous potential in partnering with Business Finland to explore emerging technologies and innovations, said Rajaneesh Kini, President & Chief Technology Officer,Cyient. This collaboration represents a pivotal step toward integrating Finnish innovation into our global strategy, particularly in focused areas of digital, autonomous and sustainability. By integrating their expertise into our ecosystem, we will continue to co-create solutions that address global challenges and deliver value to our customers worldwide. Business Finland is the Finnish government organization dedicated to innovation funding, and promoting international trade, travel, and investment. Business Finland`s network of over 760 experts operates in more than 40 offices worldwide and 16 regional offices around Finland. Business Finland is part of the Team Finland networkPowered by Capital Market - Live News