Outcome of Board Meeting
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025), with a clean (unmodified) limited review report from S R Batliboi & Associates LLP. On a consolidated basis, Q2 revenue grew about 14% year-on-year to Rs. 5,673 million and net profit rose roughly 56% to Rs. 826 million, lifting EPS to Rs. 29.99 (vs Rs. 19.39). For H1 FY26, consolidated net profit jumped to Rs. 1,485 million from Rs. 634 million a year ago, though the prior-year base included a Rs. 301 million one-time export-incentive write-off. The Board also noted the superannuation of CFO Krishnan Venkatachary (last day October 27, 2025) and appointed Ashish Arora as the new CFO effective October 28, 2025. Separately, the NCLT Chandigarh has directed Cigniti to convene shareholder and creditor meetings to consider the previously announced amalgamation scheme with Coforge Limited, under which each Cigniti share will swap for one Coforge share of Rs. 2 face value. The company also allotted 60,000 equity shares during the quarter under its ESOP scheme.
Strong double-digit revenue and earnings growth, along with a clean auditor report, are positive for shareholders and likely to support the stock. The orderly CFO transition and progressing NCLT-driven merger with parent Coforge (already a 54% holder) are the key near-term catalysts to watch.