Cigniti Technologies announced that the Hon’ble National Company Law Tribunal (NCLT) has reserved the order concerning the Second Motion Petition for the proposed Scheme of Amalgamation with Coforge Limited. This critical procedural step occurred on March 27, 2026. The company confirmed that statutory authorities have raised no objections to the sanctioning of the Scheme, moving the process closer to final approval following earlier disclosures.
Key Procedural Update on Amalgamation Scheme
Cigniti Technologies Limited has provided a significant update regarding its proposed Scheme of Amalgamation with Coforge Limited (the “Transferee Company”). The process, which involves the merger of Cigniti (the “Transferor Company”) under sections 230 to 232 of the Companies Act, 2013, has reached a pivotal stage.
NCLT Order Reservation Status
We are pleased to inform stakeholders that the order in connection with the Second Motion Petition has been reserved for formal pronouncement by the Hon’ble NCLT as of today, March 27, 2026. This follows a series of earlier disclosures detailing the restructuring plan, with the last such disclosure made on January 28, 2026.
Regulatory Clearances Secured
In addition to the NCLT procedural development, the company confirms that all relevant Statutory Authorities have recorded their no-objection to the sanctioning of the Scheme. Cigniti will promptly notify the Stock Exchanges and update its corporate website immediately upon receiving the official copy of the Hon’ble NCLT order.
Next Steps Awaiting Formal Order
The management has requested that this development be brought to the immediate notice of all concerned parties. The successful completion of the merger remains contingent upon the final, formal order being passed by the NCLT.
Source: BSE
