Update on Effective Date of the Scheme of Amalgamation
Awaiting price reaction for this filing.
Cigniti Technologies Limited has announced that its scheme of amalgamation with Coforge Limited has become effective after filing the certified copy of the NCLT Order with the Registrar of Companies, Haryana. The appointed date for the amalgamation is April 1, 2025. As a result, Cigniti Technologies stands dissolved without being wound up and will be amalgamated into Coforge Limited. The Board meeting scheduled for May 5, 2026 to consider financial results has been cancelled, as Cigniti's financials will now be subsumed into Coforge's standalone financial results. Coforge's Board will fix the record date for determining shareholders eligible for the share swap as per the agreed swap ratio.
Cigniti Technologies shareholders will receive new equity shares of Coforge Limited based on the swap ratio specified in the Scheme. Cigniti will cease to exist as a separate listed entity, making this a significant corporate restructuring event for its shareholders.