Cigniti Technologies Limited has informed the Exchange about Reservation of order of Second Motion Petition by the Hon ble National Company Law Tribunal ( NCLT )
Awaiting price reaction for this filing.
Cigniti Technologies has informed the stock exchanges that the NCLT has reserved its order on the Second Motion Petition related to the proposed amalgamation of Cigniti Technologies with Coforge Limited. The order is reserved for formal pronouncement, meaning the tribunal has concluded hearings and will deliver its written judgment on a later date. All statutory authorities have recorded their no-objection to the sanctioning of the scheme. The company will notify exchanges once it receives the copy of the NCLT order. This is the latest in a series of disclosures dating back to December 2024 regarding the merger process.
This is a positive procedural step for the Cigniti-Coforge merger, with no-objections from statutory authorities signalling likely approval ahead. However, the actual NCLT order is still pending pronouncement, so investors should wait for the formal ruling before expecting finality on the merger timeline and share swap ratio.