Allotment of 60,000 equity shares under Cigniti Esop Scheme 2015 to Mr. Vinay Rawat
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) with an unmodified auditor opinion. Consolidated revenue from operations rose to ₹5,342 million (vs ₹4,685 million in Q1 FY25, ~14% YoY) and net profit jumped to ₹675 million (vs ₹111 million), giving EPS of ₹23.94 (vs ₹3.85). Standalone revenue stood at ₹2,627 million with net profit of ₹436 million (against a loss of ₹64 million YoY). The Board also allotted 60,000 equity shares to employee Mr. Vinay Rawat under the Cigniti ESOP Scheme 2015. MUFG Intime India Private Limited will replace Aarthi Consultants as the company's Registrar & Share Transfer Agent from November 15, 2025. Ms. Naga Vasudha resigned as Company Secretary (effective Aug 31, 2025) and Mr. Abhishek Dahia was appointed in her place (effective Sep 1, 2025). The filing also notes progress on the merger with Coforge – stock exchanges issued no-objection on July 18, 2025, with a revised swap ratio of 1 Coforge share (₹2 face value) for every 1 Cigniti share (₹10 face value), and the scheme is now being filed with NCLT.
Strong YoY earnings growth in Q1 FY26, partly aided by the reversal/write-off of an export incentive provision; the ESOP allotment of 60,000 shares is a very small dilution. The bigger story for shareholders is the ongoing merger with Coforge, which, if approved, will lead to Cigniti shareholders receiving Coforge shares and eventually Cigniti ceasing to exist as a listed entity – the scheme still needs NCLT, shareholder and creditor clearances.