Cigniti Technologies Limited has informed the Exchange regarding Notice of Court Convened Meeting of Unsecured Creditors to be held on December 06, 2025
Awaiting price reaction for this filing.
Cigniti Technologies has informed exchanges about an NCLT-convened meeting of its unsecured creditors to be held on December 6, 2025 at 4:30 PM via video conferencing. The meeting will consider and vote on the proposed scheme of amalgamation of Cigniti Technologies (Transferor Company) into Coforge Limited (Transferee Company) under Sections 230-232 of the Companies Act, 2013. Coforge Limited is already listed as a promoter of Cigniti. The NCLT Chandigarh Bench passed the order on October 17, 2025, in Company Application (CAA) No. 45/CHD/HRY/2025. Valuations were conducted by KPMG and PwC, while Axis Capital and JM Financial provided fairness opinions. Remote e-voting runs from December 3 to December 5, 2025.
This is a key procedural step toward completing the amalgamation of Cigniti into Coforge. If unsecured creditors approve the scheme and the NCLT sanctions it, Cigniti shareholders will receive shares of Coforge as per the swap ratio, effectively making Coforge the surviving listed entity. The stock could see continued movement on merger-related updates until final NCLT sanction.