CIGNITITECNSECigniti Technologies LimitedHighNeutral
Announced Mon, 8 Dec, 2025 · 22:51 IST

Cigniti unsecured creditors approve Coforge merger scheme unanimously

Price reaction

Awaiting price reaction for this filing.

AI summary

Cigniti Technologies unsecured creditors unanimously approved the Scheme of Amalgamation with Coforge Limited at an NCLT Chandigarh convened meeting on December 6, 2025. All 13 unsecured creditors representing about Rs 1.47 crore of debt voted in favour, with zero against. This is a key milestone in the merger process, which still needs shareholder approval, final NCLT sanction and other regulatory clearances.

Likely market impact

Creditor nod clears another hurdle in the Coforge merger. Shareholders await their vote and final NCLT sanction for the scheme to take effect.