Cigniti Technologies Limited has officially completed its amalgamation with Coforge Limited. With the filing of the NCLT order, the scheme is now effective, resulting in the dissolution of Cigniti Technologies. The Appointed Date for this transition is April 1, 2025. As a result of this merger, the board meeting originally scheduled for May 5, 2026, to discuss financial results has been cancelled, with future results to be reported under the transferee company.
Completion of Amalgamation Process
Cigniti Technologies Limited has successfully concluded the merger process with Coforge Limited. Following the sanction from the National Company Law Tribunal and the subsequent filing of the certified order with the Registrar of Companies, the company has officially amalgamated with the transferee entity. Consequently, Cigniti Technologies stands dissolved without the process of winding up.
Impact on Board Meetings and Financial Reporting
Given that the scheme is now effective as of May 5, 2026, the board meeting previously scheduled to review Cigniti’s standalone financial results is now cancelled. Moving forward, the financial data for the company will be integrated into the standalone financial results of Coforge Limited.
Shareholder Updates and Swap Ratio
The board of Coforge Limited is scheduled to meet on May 5, 2026, to determine the record date for the share exchange. This process will identify the shareholders entitled to receive new equity shares of the transferee company, based on the specific swap ratio defined in the approved scheme, replacing the cancelled equity shares of the transferor company.
Source: BSE
