Description

BSE/ICCL notice excluding Cigniti Technologies Ltd. (SLB Code: CIGNITITEC, Scrip Code: 534758) from the Securities Lending and Borrowing segment effective 15 May 2026, following its amalgamation.

Summary

ICCL Ltd. has issued Notice No. 20260514-28 informing trading members that Cigniti Technologies Ltd. (SLB Code: CIGNITITEC, Equity Scrip Code: 534758) will be excluded from the Securities Lending and Borrowing (SLB) segment effective Ex-Date 15 May 2026. This action follows the amalgamation of Cigniti Technologies Ltd. as communicated in earlier Exchange notices 20260514-21 and 20260513-31.

Key Points

  • Cigniti Technologies Ltd. (CIGNITITEC, Scrip Code: 534758) is being removed from the SLB segment.
  • Effective Ex-Date for exclusion is 15 May 2026.
  • No new SLB contracts will be available for trading in this security after exclusion.
  • The exclusion is a consequence of the company’s amalgamation.
  • Trading members should refer to notices 20260514-21 and 20260513-31 for details on the amalgamation.

Regulatory Changes

Cigniti Technologies Ltd. is removed from the list of eligible securities in the SLB segment on BSE, pursuant to its corporate amalgamation. This is consistent with standard exchange procedure when a listed entity undergoes a merger or amalgamation that results in its delisting or restructuring.

Compliance Requirements

  • Trading members must ensure no new SLB contracts are initiated in CIGNITITEC on or after 15 May 2026.
  • Members with existing SLB positions in CIGNITITEC should review and manage open positions in accordance with ICCL guidelines prior to the effective date.

Important Dates

  • Notice Date: 14 May 2026
  • Effective Ex-Date for Exclusion: 15 May 2026

Impact Assessment

This notice has a moderate operational impact limited to trading members and market participants who actively use the SLB segment for Cigniti Technologies Ltd. securities. The exclusion eliminates the ability to lend or borrow CIGNITITEC shares through the exchange’s SLB mechanism, effective from 15 May 2026. The broader market impact is low given this is a routine administrative action tied to a corporate amalgamation event.

Impact Justification

Affects only traders with SLB positions in Cigniti Technologies; follows amalgamation and is a routine exclusion with a clear effective date of 15 May 2026.