COFORGENSECoforge LimitedMediumNeutral
Announced Wed, 5 Nov · 02:21 IST

Coforge Limited has informed the Exchange regarding Notice of Court Convened Meeting of Secured Creditors to be held on December 06, 2025

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF

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AI summary

Coforge Limited has informed the exchanges about an NCLT-convened meeting of its Secured Creditors to be held on Saturday, December 6, 2025, at 12:00 PM via video conferencing. The purpose is to consider and approve the proposed Scheme of Amalgamation of Cigniti Technologies Limited (a BSE/NSE-listed company) into Coforge Limited. The merger, first announced on December 27, 2024, follows NCLT Chandigarh's order dated October 17, 2025, under Sections 230–232 of the Companies Act, 2013. Coforge, already the promoter of Cigniti, expects the deal to create three new scaled-up verticals (Retail, Technology, and Healthcare), strengthen its US presence, and combine AI-led digital assurance services with its existing IT offerings. Secured creditors can vote via remote e-voting from December 3–5, 2025, and at the meeting; results will be reported to NCLT within 7 working days.

Likely market impact

If approved by secured creditors (and subsequently by NCLT and regulators), the merger will consolidate Cigniti's digital engineering and assurance business into Coforge, expanding its service portfolio and US footprint. For Coforge shareholders, successful completion could unlock revenue synergies and operational efficiencies, though the swap ratio and final share-issuance terms are detailed in the Scheme document.