Cyient Limited has informed the stock exchanges that the National Company Law Tribunal (NCLT), Bengaluru Bench, has directed the liquidation of Infotech HAL Limited, a joint venture between Cyient and Hindustan Aeronautics Ltd (HAL).
The tribunal has also appointed a liquidator to oversee the process. Alongside this development, Cyient recently reported its financial results for the third quarter, which reflected mixed operational performance.
Cyient stated that the NCLT Bengaluru Bench has ordered the commencement of liquidation proceedings for Infotech HAL Limited. The company is a joint venture formed between Cyient and Hindustan Aeronautics Ltd, with both partners holding an equal 50% stake.
According to the company’s disclosure, the tribunal’s order was received on 3 March 2026. The decision marks the formal start of the liquidation process for the entity.
The tribunal has appointed Mr Vasudevan Gopu as the liquidator responsible for managing the liquidation proceedings. The appointed liquidator will oversee the settlement of the company’s obligations and the distribution of its assets in accordance with regulatory procedures.
Cyient noted that the joint venture arrangement with HAL had been previously disclosed through stock exchange filings dated 20 March 2024 and 28 August 2025.
Separately, Cyient released its financial results for the third quarter, which showed a decline in profitability despite a modest increase in revenue.
Net profit for the quarter stood at ₹91.8 crore, reflecting a decline of 28% compared with ₹127.5 crore reported in the previous quarter.
Revenue during the period increased by 3.8% quarter-on-quarter to ₹1,848.5 crore, compared with ₹1,781 crore in the preceding quarter.
The company reported growth in operating earnings during the quarter. Earnings before interest and tax (EBIT) rose by 13.6% to ₹167 crore, up from ₹147 crore in the previous quarter.
EBIT margin improved to 9% from 8.2% on a sequential basis. The company attributed the improvement to operational efficiencies and a greater share of higher-value projects within its service portfolio.
Shares of Cyient Limited were trading slightly lower on 5 March 2026. The stock was quoted at ₹880.00, down ₹2.25 or 0.26% from the previous close of ₹882.25. During the session, the share opened at ₹886.90 and moved between an intraday high of ₹893.90 and a low of ₹878.95.
The liquidation order concerning Infotech HAL Limited marks a development in Cyient’s joint venture with Hindustan Aeronautics Ltd. At the same time, the company’s latest quarterly results indicate varied trends across its financial metrics, with revenue and operating earnings showing growth while net profit declined sequentially.
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Published on: Mar 5, 2026, 11:12 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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