News

Cyient has entered into a definitive agreement to acquire 100% stake in Tao Digital Solutions Inc., a company incorporated in USA, subject to customary closing conditions. The acquisition includes cash consideration, including upfront payment and performance-linked earnout. The transaction implies an enterprise value of US$ 218 million, i.e., ~9.5x CY27E EBITDA, excluding management incentives, and retention schemes. The deal is expected to close on or before 30 September 2026. Tao Digital Solutions Inc. is a global digital engineering firm focused on data, product, and AI-led services, with strengths in data platforms, AI-enabled solutions, and cloud services.

Cyient Semiconductors today announced a strategic financing transaction with funds managed by EAAA India Alternatives (Edelweiss) and affiliated co-investors. The transaction includes an equity investment of approximately USD 10 Mn (Rs 100 crore) at a post-money equity valuation of USD ~500 Mn (Rs 4600 crore), alongside structured debt capital, enabling the company to strengthen its capital structure and support the continued scale-up of its global semiconductor business. The transaction is subject to definitive agreements and customary closing conditions.The equity investment is alongside a USD 20 Mn in structured debt designed to support long-duration growth. The combined ~ USD 30 Mn will be deployed across three strategic priorities: advancing the company`s product R&D roadmap across custom power semiconductors and custom ASSP`s; building in-house semiconductor validation and testing infrastructure in India to strengthen development and qualification capabilities; and supporting working capital requirements as Cyient Semiconductors scales larger, longer-cycle global customer programs.

Cyient Semiconductors launched seven new gallium nitride (GaN) power devices for the Indian market, developed using Navitas Semiconductor`s (Nasdaq: NVTS) industry leading GaN technology. The launch marks Cyient Semiconductors` first commercial GaN product family and a major milestone in advancing India`s domestic power semiconductor ecosystem. The new portfolio is designed to address the rapidly growing demand for high-efficiency, high-power-density solutions across AI data centers, telecommunications, consumer fast charging, industrial power systems, and e-mobility platforms. Building on the strategic collaboration announced in December 2025, the partnership enables customers in India to access commercially available GaN power solutions with enhanced local support, supply assurance, and alignment with emerging domestic sourcing initiatives. Under the agreement, Cyient Semiconductors will license Navitas`s proven GaN technology for use in India, accelerating the adoption of high-performance GaN solutions across a broad range of markets. In addition, Cyient Semiconductors will serve as a second source for select Navitas GaN devices already in mass production and strengthening supply chain resilience. Compared to traditional silicon devices, GaN power semiconductors enable significantly higher switching speeds, lower conduction losses, and improved thermal efficiency. These advantages allow system designers to reduce power losses, shrink solution size, simplify thermal management, and increase overall system performance.Cyient Semiconductors` initial GaN portfolio targets power applications up to 650 V, including consumer USB-PD chargers, laptop and mobile adapters; AC-DC power supplies; AI data center and telecommunications power systems; and e-mobility charging platforms. Looking ahead, Cyient Semiconductors plans to expand its GaN portfolio through partnerships with local OSATs. Over time, the licensing agreement with Navitas Semiconductor is expected to enable the domestic manufacturing of GaN power devices in India.

Cyient has allotted 3,140 equity shares to associates of the company upon exercise of stock options under Plan ASOP 2015 and ARSUS 2020.

The Board of Cyient at the meeting held on 23rd April 2026 has considered the Final Dividend for the financial year 2025-26 and has not recommended any Dividend.