Cyient DLM Limited has issued a Postal Ballot Notice dated January 20, 2026, seeking shareholder approval for a variation in the terms of utilization of its Initial Public Offering (IPO) proceeds. The company proposes to reallocate ₹36.85 Crores from the 'Funding Capital Expenditure' object to the 'Funding Incremental Working Capital Requirements' object. This reallocation is driven by shifts in global ESDM market conditions, a realignment of the company's capital expenditure timing, and an increased need for working capital due to business growth and post-acquisition integration needs. The remote e-voting period for this resolution will commence on February 7, 2026, at 9:00 a.m. IST and conclude on March 8, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before March 9, 2026. Mr. Manish Kumar Singhania, Practicing Company Secretary, has been appointed as the scrutinizer for the process.
