Coforge Limited has informed the Exchange about Reservation of order of Second Motion Petition by the Hon ble National Company Law Tribunal ( NCLT )
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Coforge has informed exchanges that the NCLT has reserved its order on the Second Motion Petition for the proposed amalgamation of Cigniti Technologies with Coforge. Statutory authorities have recorded their no-objection to the scheme being sanctioned. The order has been reserved for formal pronouncement, meaning a decision has been finalised but not yet officially read out. Coforge will notify exchanges once the formal NCLT order is received. This has been a long-pending process with multiple disclosures dating back to December 2024.
This is a positive step toward completing the Cigniti merger, as statutory no-objections and a reserved order suggest the scheme is likely to be sanctioned. Shareholders should watch for the formal order pronouncement, which would be the final clearance for the merger to take effect.