CIGNITITECNSECigniti Technologies LimitedHighNeutral
Announced Mon, 8 Dec, 2025 · 08:00 IST
Cigniti shareholders approve amalgamation with Coforge - 99.95% in favor
Price reaction
Awaiting price reaction for this filing.
AI summary
Equity shareholders of Cigniti Technologies approved the scheme of amalgamation with Coforge Limited at the NCLT convened meeting on December 6, 2025. The resolution got 99.95 percent votes in favor by value, with about 1.88 crore shares voting in support. Around 68.59 percent of outstanding shares participated. Only 0.05 percent voted against and there were no invalid votes. The scheme was passed with the requisite majority under Sections 230 to 232 of the Companies Act.
Likely market impact
Key milestone cleared in the Cigniti-Coforge merger. Shareholder approval secured; deal still needs NCLT sanction and other regulatory clearances to complete.