Intimation under Regulation 31A- Receipt of Approval from Stock Exchanges for Re-Classification of Promoters as Public
Awaiting price reaction for this filing.
Cigniti Technologies has received approval from both NSE and BSE to reclassify five individuals — Venkata Subramanyam Chakkilam, Chakkilam Rajeswari, Chakkilam Srikanth, Pennam Sudhakar and Pennam Sapna — from the 'Promoter/Promoter Group' category to 'Public' category under SEBI Regulation 31A. Together, these outgoing promoters held 2,35,973 shares (0.87% of total equity). After the reclassification, promoter group holding falls marginally from 55.04% to 54.17%, while public holding rises from 44.96% to 45.83%. The application was originally filed on January 25, 2025, and approvals came through on November 6, 2025. Cigniti is a subsidiary of Coforge.
This is a category reshuffle rather than a sale — no shares changed hands and promoter control remains comfortably above 50%. Shareholders should see minimal impact on stock price, though the public float technically increases by 0.87%, slightly improving liquidity.