Cigniti Technologies Limited (Cigniti) has announced a major restructuring through its amalgamation with Coforge Limited.
The Hon’ble NCLT Order with the Registrar of Companies, Haryana has approved the Scheme of Amalgamation, under which Cigniti Technologies Limited has been merged into Coforge Limited.
Here’s what it means for shareholders:
Cigniti shareholders will now receive Coforge shares in exchange for their Cigniti shares.
Record Date: May 16, 2026
Exchange Ratio:
1 equity share of Coforge Limited
for every 1 equity share held in Cigniti Technologies Limited(1:1)
Appointed Date: April 1, 2025
Scheme Effective Date: Upon filing with Registrar of Companies, Haryana
Record Date: May 16, 2026
Post-Merger Status:
Cigniti Technologies Limited stands dissolved without winding up
Coforge Limited will continue as the listed company
What changes for investors:
Shareholders of Cigniti whose names appear as on the Record Date will receive Coforge shares in the approved 1:1 exchange ratio.
The existing equity shares of Cigniti Technologies Limited will stand cancelled pursuant to the scheme.
Additionally, the standalone financial results of Cigniti will now be subsumed into the financial results of Coforge Limited.
This merger is aimed at:
Strengthening Coforge’s digital engineering and quality engineering capabilities,
Enhancing scale and operational synergies,
Expanding global client reach and service offerings, and
Creating long-term value for shareholders through an integrated technology platform.