Notice of Court Convened Unsecured Creditors Meeting on December 06, 2025
Awaiting price reaction for this filing.
Cigniti Technologies has issued a notice for an NCLT-convened meeting of its unsecured creditors on Saturday, December 6, 2025 at 4:30 PM, to be held via video conferencing. The meeting has been directed by the NCLT Chandigarh Bench (order dated October 17, 2025) under Sections 230-232 of the Companies Act, 2013, for the purpose of approving the proposed scheme of amalgamation of Cigniti Technologies (Transferor Company) into Coforge Limited (Transferee Company). Remote e-voting window is December 3-5, 2025, with July 18, 2025 as the cut-off date for eligibility. The scheme was originally announced on December 27, 2024 and has gone through multiple regulatory stages. Coforge Limited is already listed as a promoter of Cigniti. Joint valuations were conducted by KPMG Valuation Services LLP and PwC Business Consulting Services LLP, with fairness opinions provided by Axis Capital and JM Financial.
This is a procedural milestone in the ongoing Cigniti-Coforge amalgamation process. Approval by unsecured creditors moves the deal closer to final NCLT sanction, after which Cigniti would merge into Coforge and cease to exist as a separate listed entity. Shareholders should watch for the final swap ratio, which has not been disclosed in this filing, and the subsequent NCLT approval timeline.