Cigniti Technologies Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on December 06, 2025
Awaiting price reaction for this filing.
Cigniti Technologies has informed the exchanges that the NCLT Chandigarh Bench has directed a court-convened meeting of its equity shareholders to vote on the proposed merger with Coforge Limited. The meeting will be held on Saturday, December 6, 2025 at 3:00 PM IST through video conferencing, with remote e-voting open from December 3 to December 5, 2025. The rationale for the merger includes combining Cigniti's assurance and digital engineering services with Coforge's IT solutions to build AI-led capabilities, expand into three new verticals (Retail, Technology, Healthcare), and strengthen presence in US markets. KPMG Valuation Services and PwC Business Consulting Services have jointly valued the companies, while Axis Capital and JM Financial have provided the fairness opinion. The cut-off date for shareholder eligibility is November 29, 2025, and Mr. L.N. Gupta (former NCLT member) will chair the meeting.
If approved by shareholders and subsequently sanctioned by NCLT, Cigniti shareholders will become shareholders of the larger Coforge entity, gaining exposure to a bigger IT services company with combined AI and digital engineering capabilities. The share swap ratio and NCLT's final sanction will be key milestones to watch, and stock prices may react to the outcome of the December 6 vote.