BSECigniti Technologies LtdMediumNeutral
Announced Tue, 5 May · 01:03 IST

Update on Board Meeting pursuant to the merger order

Nclt Scheme FiledStrategic Transactions View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Cigniti Technologies Limited has announced that its merger with Coforge Limited has become effective after filing the NCLT order with the Registrar of Companies. The Appointed Date for the amalgamation is April 1, 2025. As a result, Cigniti Technologies stands dissolved and amalgamated into Coforge Limited without being wound up. The board meeting scheduled for May 5, 2026 to consider financial results has been cancelled, as the company's financials will now be subsumed into Coforge's standalone results. Coforge's board will fix a record date to determine shareholders eligible for the share swap as per the agreed ratio.

Likely market impact

Cigniti Technologies shareholders will receive Coforge Limited shares according to the swap ratio specified in the scheme. The company's listing on stock exchanges will be discontinued following this dissolution.