Coforge Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Awaiting price reaction for this filing.
Coforge Limited, which is classified as a promoter/person having control over Cigniti Technologies, has filed a declaration under SEBI's Takeover Regulations confirming that it has not created any encumbrance (pledge, lien, or otherwise) on shares of Cigniti Technologies, directly or indirectly, during the financial year ended March 31, 2025. This is a routine annual compliance filing required from promoters and persons acting in concert. The disclosure is signed by Coforge's Company Secretary, Barkha Sharma, from Noida. The filing was submitted to both BSE and NSE on April 7, 2025.
Positive signal for shareholders — the promoter's entire stake in Cigniti remains free of any pledge or encumbrance, suggesting no liquidity stress or need to use shares as collateral. This is typically viewed as a sign of promoter financial health and is neutral to mildly positive for stock sentiment.