Coforge Limited has informed the Exchange regarding Notice of Court Convened Meeting of Unsecured Creditors to be held on December 06, 2025
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Coforge has issued notice for a meeting of its unsecured creditors to be held on December 6, 2025 at 1:30 PM via video conferencing, as directed by the NCLT Chandigarh Bench. The meeting is to consider and approve the proposed Scheme of Amalgamation of Cigniti Technologies Limited (a BSE/NSE-listed company) into Coforge Limited. The cut-off date for identifying eligible unsecured creditors is July 18, 2025, with remote e-voting open from December 3 to December 5, 2025. The scheme was originally announced in December 2024, with joint valuations done by KPMG and PwC, and fairness opinions provided by Axis Capital and JM Financial. The amalgamation is aimed at combining Cigniti's digital assurance/engineering business with Coforge's IT services to create three new scaled verticals (Retail, Technology, Healthcare) and strengthen AI-led offerings, particularly in the US market.
This is a procedural step (NCLT creditor meeting) in the ongoing merger with Cigniti Technologies, bringing the deal closer to completion subject to further NCLT and regulatory approvals. For Coforge shareholders, the merger is expected to expand service capabilities and US market presence, while the actual shareholder value impact will depend on the swap ratio and final scheme terms yet to be formally sanctioned.