Cyient DLM Share Price

Cyient DLM Limited was originally incorporated as a private limited company with the name Rangsons Electronics Private Limited at Mysuru, Karnataka on June 30, 1993. The name of Company changed to Cyient DLM Private Limited on January 18, 2017. Subsequently, Company was converted to a public limited company pursuant to a special resolution on November 25, 2022, and the name changed to Cyient DLM Limited on December 13, 2022 consequent upon conversion to public limited and change of name issued by the RoC.The Company is a leading consultingled, industrycentric, technology solutions company. The Company provide total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defense and aerospace applications and machining of components for aerospace, automotive and defense industries. It enables customers to apply technology imaginatively across their value chain to solve problems that matter. The Company has three manufacturing facilities spread across two states, with two facilities in the state of Karnataka, situated at Mysuru and Bengaluru, and one in the state of Telangana, situated at Hyderabad. Their manufacturing facilities are equipped with stateoftheart equipment for the purposes of the advanced electronics we manufacture. The staff at Mysuru and Bengalurumanufacturing facilities operate from product development areas, which span 65,929 sq. ft. and 12,200 sq. ft., respectively, with dedicated SMT lines and PTH lines.Further, the Company has a workforce of 616 qualified and skilled manufacturing personnel which is supported by a new product introduction (NPI) and engineering team of a total of 68 engineers on technical aspects and provide value added services like design for assembly, design for manufacturing, design for testing, design for packaging, and process engineering. On February 21, 2018 a Scheme of Amalgamation for Merger between the Company and Techno Tools Precision Engineering Private Limited, an erstwhile wholly owned subsidiary of the Company was approved and the entire business and undertaking of Techno Tools, were transferred to and vested in the Company, from the date the Scheme which was effective from April 1, 2017. Apart from merger, a manufacturing facility was established in Hyderabad since 2020. In 2022, the Company introduced a New Product with Honeywell Inc. for the supply of next generation cockpit avionics modules.The Company is planning to raise capital from Public Rs 740 crores through Fresh Issue.