Disclosure under Regulation 30- Filing of Second Motion Petition with the Hon''ble National Comapny Law Tribunal ("NCLT")
Awaiting price reaction for this filing.
Cigniti Technologies has filed a Second Motion Petition with the National Company Law Tribunal (NCLT) seeking approval for its proposed merger into Coforge Limited. The merger is being pursued under Sections 230 to 232 of the Companies Act, 2013, and would combine Cigniti (Transferor Company) with Coforge (Transferee Company) along with their respective shareholders and creditors. The company has made multiple prior disclosures about this scheme since December 2024, indicating this is a routine procedural step forward in an already ongoing merger process. Filing the Second Motion Petition is a necessary milestone before the NCLT can hear and decide on sanctioning the scheme.
This is a procedural update in the ongoing Cigniti-Coforge merger process and does not change the deal's terms. Shareholders should expect the merger timeline to advance pending NCLT hearings and approval, with no immediate effect on stock price.