Cigniti Technologies Limited has informed the Exchange about Update on Effective Date of the Scheme of Amalgamation of Cigniti Technologies Limited and Coforge Limited under sections 230 to 232 of the Companies Act, 2013 sanctioned by the Hon ble National Company Law Tribunal, Chandigarh Bench ( NCLT )
Awaiting price reaction for this filing.
Cigniti Technologies Limited has announced that its Scheme of Amalgamation with Coforge Limited has become effective after filing the certified copy of the NCLT Order with the Registrar of Companies, Haryana. Cigniti stands amalgamated with Coforge and dissolved without being wound up, with the Appointed Date being April 1, 2025. The Board meeting of Cigniti scheduled for May 5, 2026 to consider financial results has been cancelled, as the results will now be subsumed into Coforge's standalone financial results. Coforge's Board will fix a record date to determine shareholders whose shares will be cancelled and to whom new equity shares of Coforge will be issued per the swap ratio in the Scheme.
Cigniti Technologies will cease to exist as a listed entity, with its shareholders receiving Coforge shares according to the approved swap ratio. Investors holding Cigniti shares should anticipate the share cancellation and new share allotment process.