Coforge Limited has informed the Exchange about Update on Effective Date of the Scheme of Amalgamation of Cigniti Technologies Limited and Coforge Limited under sections 230 to 232 of the Companies Act, 2013 sanctioned by the Honble National Company Law Tribunal, Chandigarh Bench (NCLT)
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Coforge Limited announced that its Scheme of Amalgamation with Cigniti Technologies Limited has become effective after filing the certified copy of the NCLT Order with the Registrar of Companies, Haryana. Cigniti Technologies stands amalgamated with Coforge and dissolved without being wound up. The Appointed Date for the amalgamation is April 1, 2025. The Board of Directors will meet on May 5, 2026 to fix the record date for determining eligible shareholders of Cigniti Technologies whose shares will be cancelled and exchanged for new Coforge equity shares according to the pre-determined swap ratio.
Coforge shareholders may see dilution or accretion depending on the swap ratio. Cigniti Technologies shareholders will receive Coforge shares as per the scheme terms once the record date is fixed. This amalgamation strengthens Coforge's position by consolidating Cigniti's operations.