Cyient seeks shareholder approval for new CEO appointment

Cyient Limited (BSE: CYIENT) has announced that it is seeking shareholder approval via postal ballot for the appointment of Mr. Sukamal Banerjee Mirnal as Executive Director and Chief Executive Officer. If approved, Mr. Banerjee's five-year term will commence on February 19, 2025, and continue until February 18, 2030. The proposed compensation includes a base salary in the range of USD 530,000 to USD 710,000 annually, commission up to 1% of profit after tax, and retention compensation totaling USD 2,087,826 over the five-year period, along with other benefits. The remote e-voting period for the postal ballot will begin on April 16, 2025, and conclude on May 15, 2025.