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Cyient Limited issues notice on Buyback of its Equity Shares

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EAST HARTFORD, Conn. and HYDERABAD, India, June 12, 2026 /PRNewswire/ — Cyient Limited, an Indian listed company (the “Company”; CIN: L72200TG1991PLC013134), hereby announces that the Company’s Board of Directors, in its meeting held on April 23, 2026, and shareholders by way of a special resolution through postal ballot on June 10, 2026, have approved the buyback of up to 6,400,000 (six million and four hundred thousand) fully paid-up equity shares of face value of INR 5 each (Indian Rupees five only) (“Equity Shares”) of the Company, representing up to 5.76% of the existing total paid-up Equity Share capital of the Company, payable in cash for an aggregate amount of up to INR 7,200,000,000 (Indian Rupees seven billion and two hundred million only) (“Buyback Size”) from eligible shareholders as on Wednesday, June 17, 2026 (“Record Date”), on a proportionate basis (subject to small shareholder reservation) at a price of INR 1,125 (Indian Rupees one thousand one hundred twenty five only) per Equity Share (the “Buyback”) through the ‘Tender Offer’ route in accordance with the Companies Act, 2013, the Companies (Share Capital and Debentures) Rules, 2014 (to the extent applicable), the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018, as amended from time to time including any statutory modifications or re-enactments thereof.

The Company’s public announcement relating to the Buyback (“PA”) was published on Friday, June 12, 2026, in India in an English national daily newspaper, a Hindi national daily newspaper, and a regional language (Telugu) daily newspaper, all with wide circulation at the place where the Company’s registered office is located, and in the United States in The Washington Post. The PA has also been made available on the websites of the Company at www.cyient.com, the website of Manager to the Buyback at www.axiscapital.co.in, BSE Limited at www.bseindia.com, National Stock Exchange of India Limited www.nseindia.com, and is also expected to be available on the website of the Securities and Exchange Board of India at www.sebi.gov.in. Detailed information about the Buyback will be available in the letter of offer which will be emailed/dispatched, as appropriate, to all person who will be the shareholders of the Company as of the Record Date, at the email/addresses, as appropriate, registered with the depositories for all correspondences by the Company. The letter of offer will also be available on the same websites where the PA is available.

If you have any questions regarding an Equity Share withdrawal or the Buyback, please call the Company at +91 40 6764 1322 or send an e-mail to company.secretary@cyient.com.

All dates set out herein are as observed in India in accordance with Indian Standard Time (IST).

Statement Regarding Buyback

The anticipated Buyback discussed in this press release has not yet commenced. This press release is provided for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to purchase any securities of the Company pursuant to Company’s Buyback or otherwise. Any offer to purchase or solicitation of offer to sell will be made pursuant to a letter of offer and other documents relating to the Buyback. The Company’s security holders are advised to carefully read these documents, any amendments to these documents and any other documents relating to the buyback in their entirety prior to making any decision with respect to the Company’s Buyback because these documents contain important information, including the terms and conditions of the Buyback.

Related link
https://www.cyient.com/investors/financial-information 

Media Contact: +91 40 6764 1322 | company.secretary@cyient.com 

Logo: https://mma.prnewswire.com/media/2996870/Cyient_Limited_Logo.jpg

 

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SOURCE Cyient Limited

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Purchasers of Standalone Storage Device or Computer for resale in the United States from January 2003, through May 2016, may be affected by a class action lawsuit

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SAN JOSE, Calif., June 12, 2026 /PRNewswire/ — A class action antitrust lawsuit was filed on behalf of Reseller Plaintiffs and End-User Plaintiffs against Defendants TDK Corporation, Hutchinson Technology Inc., Magnecomp Precision Technology Public Co., Ltd., Magnecomp Corporation, and SAE Magnetics (H.K.) Ltd. (together, “TDK Defendants”), and NHK Spring Co., Ltd., NHK International, NAT Peripheral (Dong Guan) Co., Ltd., NAT Peripheral (Hong Kong) Co., Ltd., and NHK Spring (Thailand) Co., Ltd. (together, “NHK Defendants”). This Notice only applies to Reseller Plaintiffs. The Reseller Plaintiffs are Now Micro, Inc., Integrated Technical Systems, Inc. d/b/a Network One, It Worx, Inc., Stephen Arvay, and Michael Medeiros, (together, the “Reseller Plaintiffs”). The lawsuit alleges Defendants conspired to fix prices of suspension assemblies (“SAs”), a component contained in hard disk drives (“HDD”). SAs are a necessary component of HDDs and are found in products such as laptop and desktop computers, and computer servers. The Reseller Plaintiffs bought and resold HDDs that included SAs. Reseller Plaintiffs assert prices were higher as a result of the supracompetitive prices initially charged by Defendants to HDD manufacturers, who “passed on” those price increases to the Reseller Plaintiffs.

The Court “certified” a Reseller Class defined as: all persons or entities in the Indirect Purchaser States, except original equipment manufacturers, who, during the period from January 2003 through May 2016, purchased a Standalone Storage Device or Computer for resale, which included as a component part one or more SAs that were manufactured or sold by Defendants, any current or former subsidiary of Defendants, or any co-conspirator of Defendants, or who indirectly purchased a SA, for resale, that was manufactured or sold by Defendants, any current or former subsidiary of Defendants, or any co-conspirator of Defendants.

The Court has not decided who is right or wrong. There is no money available now, and no guarantee there will be. However, if you are a member of the Reseller Class described above, your legal rights are affected, and you have a choice to make now.

Class Members who want to keep the possibility of getting money or benefits from this lawsuit in the future do not need to do anything now. By doing nothing, they are staying in the Reseller Class and if the Reseller Plaintiffs obtain money or benefits in the future, they will be notified about how to get their share. Class Members who do nothing now will not be able to sue or continue to sue Defendants—as part of any other lawsuit—about the same legal claims in this lawsuit. Class Members will also be legally bound by the orders and judgments. If they do nothing now and there is a settlement or judgment in the future, they may not be allowed to exclude themselves from the lawsuit.

Class Members who want to sue Defendants on their own regarding the same legal claims in this lawsuit or already have their own lawsuit against Defendants regarding the same legal claims in this lawsuit and want to continue with it, need to ask to be excluded from the Reseller Class. Class Members who exclude or remove themselves from the Reseller Class— sometimes called “opting-out” of the class— they will not get any money or benefits from this lawsuit even if Reseller Plaintiffs win at trial or there is a settlement. However, those who opt-out may be able to sue or continue to sue Defendants on their own. Class Members who exclude themselves will not be legally bound by the Court’s judgments in this class action lawsuit. The deadline to opt-out is September 2, 2026.

Class Counsel will have to prove Reseller Plaintiffs’ legal claims at a trial. The trial has not been scheduled. During the trial, a Jury and the Judge will hear all of the evidence to help them reach a decision about whether Reseller Plaintiffs or Defendants are right about the legal claims in the lawsuit. There is no guarantee that Reseller Plaintiffs will win, or that they will get any money for the Reseller Class.

This Notice summarizes the lawsuit and the proceedings. To get additional information visit www.HDDSuspensionReseller.com or call 1-877-307-1874.

URL: www.HDDSuspensionReseller.com

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SOURCE United States District Court for the Northern District of California

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Grey Wind Capital Partners with Maher Services and F. G. Sullivan to Build a Leading New England Water Well Services Platform

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NORTH READING, Mass., June 12, 2026 /PRNewswire/ — Grey Wind Capital has completed investments in Maher Services and F. G. Sullivan, creating a leading provider of water well services for utility, commercial, and industrial customers across New England.

Maher Services, whose partnership with Grey Wind closed in August 2025, serves as the platform; F. G. Sullivan joined on June 1, 2026. The company is headquartered in North Reading, Massachusetts, with a second location in Lancaster, and both businesses will keep their existing names.

The investments reflect Grey Wind’s strategy of consolidating New England’s fragmented water well services market into a more comprehensive, professionalized, and scalable offering. Co-CEOs Daniel Chase and Laurent Firlotte will lead the combined company.

“Maher Services and F. G. Sullivan are two highly respected names in New England water well services, and bringing them together gives our utility, commercial, and industrial customers a stronger, more capable partner,” said Daniel Chase, Co-CEO of Grey Wind Capital and Maher Services. “This is the foundation of the platform we set out to build.”

“The water well services market across New England remains highly fragmented, and our customers are looking for a provider that can deliver reliability and scale,” said Laurent Firlotte. “Partnering with the Maher and Sullivan teams allows us to do exactly that, and we see significant opportunity ahead.”

“Joining forces with Grey Wind Capital and now F. G. Sullivan allows us to invest in our people and expand what we can offer our customers,” said Peter Maher, President of Services at Maher Services. “I’m excited about what this next chapter means for our team and the clients we serve.”

About Maher Services

Maher Services, based in North Reading, Massachusetts, provides water well drilling, installation, maintenance, and repair services for utility, commercial, and industrial customers across New England. Visit maherserv.com.

About F. G. Sullivan

F. G. Sullivan, based in Lancaster, Massachusetts, serves utility, commercial, and industrial water well customers across New England and is known for quality and long-standing customer relationships. Visit fgsullivandrill.com.

About Grey Wind Capital

Grey Wind Capital is a holding company that acquires and operates leading water well and water infrastructure services businesses, partnering with founder-owned companies to provide capital, operational leadership, and strategic resources for long-term growth. Visit greywindcapital.com.

Media Contact

chase@greywindcapital.com

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SOURCE Grey Wind Capital

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Rockford Fosgate Introduces New PUNCH® PRO Speakers

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Aggressive Output. Rugged Reliability. The new series is purpose-built for SPL competition vehicles and performance-focused builds where maximum output matters most.

TEMPE, Ariz., June 12, 2026 /PRNewswire/ — Rockford Fosgate, the leader in high-performance audio systems, is proud to announce the new PUNCH PRO Speaker Series, engineered to be the loudest speakers in the PUNCH lineup. Purpose-built for SPL competition vehicles, high-volume street performance, and performance-focused builds, the new PUNCH PRO Series delivers aggressive output, rugged reliability, and the unmistakable PUNCH sound.

Designed for listeners who demand extreme output without sacrificing durability or clarity, PUNCH PRO speakers combine high-efficiency components, oversized motor structures, and ultra-durable materials to deliver relentless volume under demanding conditions. With midrange drivers and tweeters engineered specifically for high-output environments, the series gives installers and enthusiasts the power, output, and dependability needed to take serious builds to the next level.

“Punch Pro brings pro audio efficiency and SPL capability into a dedicated automotive architecture. By utilizing Punch-platform frames, we achieved a true ‘Engineered Fit’ for direct integration without modification. And with a new compact bullet tweeter option, we’ve made it easier than ever to deliver pro-level output into tighter vehicle spaces” said Wayne Connolly, Vice President of Product Development.

Performance-driven from the inside out, PUNCH PRO speakers feature precision-engineered phase plugs that help project high-frequency detail with accuracy, allowing music to stay clear and focused even at elevated volume. Oversized motor structures improve efficiency and support extended playtime, while a 75-watt RMS and 150-watt peak power rating gives the series the strength to keep up when the system is pushed hard.

Built to perform like a true workhorse, every component and material in the PUNCH PRO Series was selected for strength and long-term reliability. Reinforced polymer baskets, high-density cones, and reinforced tweeter diaphragms help deliver class-leading construction designed to withstand the demands of competition-level output and aggressive everyday performance.

The series is also engineered for demanding environments. UV-resistant materials in the cone, surround, and frame help protect against prolonged sun exposure, while treated paper cones, durable surrounds, and fatigue-resistant spiders are designed to maintain performance over time. For enhanced control and system tuning, the PUNCH PRO platform also includes an external crossover engineered for high-output applications. The precision external low-pass crossover provides accurate signal control for seamless integration of dual midrange drivers and a tweeter while preserving sonic integrity under high-power conditions. Selectable tweeter attenuation at 0 dB, –3 dB, and –6 dB allows installers to fine-tune high-frequency output for optimal tonal balance across a wide range of system configurations.

Inside the crossover, optimized midrange filtering uses laminated steel-core inductors for low-loss, high-current handling and smooth, controlled midrange response. Ceramic resistors, aluminum heatsinks, and a vented chassis work together to efficiently dissipate heat, helping maintain consistent performance during extended, high-output listening sessions.

The PUNCH PRO Speaker Series is designed for competition-level output, aggressive everyday performance, and systems that need to play loud and hold up under pressure. Available in multiple sizes and configurations, PUNCH PRO brings aggressive output, rugged durability, and the unmistakable PUNCH sound to performance-focused builds.

For more information visit: rockfordfosgate.com or visit an authorized dealer.

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

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SOURCE Rockford Fosgate

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