Coforge Limited has officially announced that the scheme of amalgamation with Cigniti Technologies Limited has become effective as of May 5, 2026. Following the filing of the certified NCLT order with the Registrar of Companies, Cigniti Technologies has been dissolved without winding up. The appointed date for this strategic integration is April 1, 2025, marking a significant milestone in Coforge’s expansion strategy.
Strategic Integration Finalized
Coforge Limited has successfully concluded the merger process with Cigniti Technologies Limited. With the filing of the certified NCLT order with the Registrar of Companies in Haryana, all mandatory conditions for the scheme of amalgamation have been fulfilled. Consequently, Cigniti Technologies now stands amalgamated with Coforge, effectively consolidating operations under a unified entity.
Key Details of the Merger
As per the sanctioned scheme, the integration is effective from an appointed date of April 1, 2025. Cigniti Technologies is now dissolved without the need for formal winding-up proceedings. This consolidation is a pivotal step in strengthening Coforge’s service capabilities and market presence.
Next Steps for Shareholders
The Board of Directors is scheduled to meet on May 5, 2026, to finalize the record date. This date will be critical for determining which shareholders of Cigniti Technologies are eligible to have their existing shares cancelled and replaced with new equity shares of Coforge, issued in accordance with the pre-determined swap ratio defined in the scheme.
Source: BSE
