Cigniti Technologies Limited has informed the Exchange about update on Board Meeting pursuant to the Merger Order.
Awaiting price reaction for this filing.
Cigniti Technologies Limited has announced that its scheme of amalgamation with parent company Coforge Limited has become effective after filing the certified copy of the NCLT order with the Registrar of Companies, Haryana. The Appointed Date is April 1, 2025. As a result, Cigniti Technologies stands dissolved without being wound up, and its financial results will now be subsumed into Coforge's standalone financial results. The board meeting previously scheduled for May 5, 2026 to consider financial results is cancelled. Coforge's board will now fix a record date for cancelling Cigniti shares and issuing new Coforge shares to Cigniti shareholders as per the swap ratio in the scheme.
Cigniti Technologies is now defunct as a listed entity following its merger into Coforge Limited. Existing Cigniti shareholders will receive Coforge shares per the pre-determined swap ratio once the record date is announced.