Coforge has received approval from the National Company Law Tribunal (NCLT), Chandigarh Bench, for its scheme of amalgamation with Cigniti Technologies Limited. The approval allows Coforge to convene meetings of equity shareholders, secured, and unsecured creditors. The meetings will consider the proposed arrangement. The order was officially issued on October 17, 2025, marking a key step in the amalgamation process.
NCLT Greenlights Shareholder Meetings
Coforge has secured a key approval from the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench, regarding its proposed scheme of amalgamation. The approval, dated October 17, 2025, allows the company to proceed with convening meetings involving its equity shareholders, secured creditors, and unsecured creditors.
Purpose of the Meetings
The upcoming meetings aim to facilitate discussions and potential approval of the proposed scheme of amalgamation involving Cigniti Technologies Limited. The arrangement embodies considerations for equity shareholders, secured creditors, and unsecured creditors of Coforge Limited. This is further to the announcement made on December 27, 2024 and August 07, 2025, regarding the proposed Scheme of Amalgamation.
Next Steps in the Process
Coforge is expected to submit the dates and related notices for the aforementioned meetings to the stock exchange(s) in due course. The company has also made available a copy of the NCLT order on its website, www.coforge.com. This move ensures transparency and provides stakeholders access to essential details surrounding the proposed amalgamation. Coforge will file the Second Motion Application with the Hon’ble NCLT within the prescribed timelines.
Source: BSE
