Description

NSE suspends trading in equity shares of Cigniti Technologies Limited (CIGNITITEC) effective May 15, 2026, due to a Scheme of Amalgamation.

Summary

NSE has notified the suspension of trading in equity shares of Cigniti Technologies Limited (Symbol: CIGNITITEC, Series: EQ) effective May 15, 2026, i.e., from the closing hours of trading on May 14, 2026. The suspension is pursuant to a Scheme of Amalgamation.

Key Points

  • Trading in CIGNITITEC EQ shares will be suspended from May 15, 2026
  • Last day of trading will be May 14, 2026 (up to closing hours)
  • Reason for suspension: Scheme of Amalgamation
  • Circular issued under Regulation 3.1.2 of NSE Capital Market Trading Regulations Part A
  • Circular reference: NSE/CML/74196, Circular Ref. No. 0775/2026

Regulatory Changes

The suspension is invoked under Regulation 3.1.2 of the National Stock Exchange (Capital Market) Trading Regulations Part A, which empowers NSE to suspend securities from trading upon occurrence of specified corporate events such as mergers and amalgamations.

Compliance Requirements

  • All NSE members are notified to cease trading in CIGNITITEC EQ shares from May 15, 2026
  • Members must inform their clients holding or intending to trade in CIGNITITEC shares of the impending suspension
  • No fresh orders or trades in the suspended security should be placed on or after the effective date

Important Dates

  • May 13, 2026: Circular issued by NSE
  • May 14, 2026: Last trading day for CIGNITITEC EQ shares (up to closing hours)
  • May 15, 2026: Suspension of trading becomes effective

Impact Assessment

The suspension of CIGNITITEC equity shares will directly impact existing shareholders and active traders in this security. Investors holding positions will be unable to exit via the exchange after May 14, 2026. The amalgamation scheme underlying the suspension typically results in share swap or cash consideration for shareholders as per the approved scheme terms. Market participants with exposure to CIGNITITEC should review the amalgamation scheme details to understand the treatment of their holdings post-suspension.

Impact Justification

Trading suspension directly affects all holders and traders of CIGNITITEC equity shares, with immediate effect from May 15, 2026, due to a corporate restructuring event (amalgamation).