BSE has informed trading members that Cigniti Technologies Limited (Scrip Code: 534758) will be amalgamated into COFORGE Limited pursuant to a Scheme of Amalgamation approved by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh. A Record Date of May 16, 2026 has been fixed to determine shareholder entitlements to COFORGE Limited equity shares. Trading in Cigniti Technologies Limited shares is suspended effective May 15, 2026.

Key Points

• Cigniti Technologies Limited (Transferor Company, Scrip Code: 534758) is being amalgamated INTO COFORGE Limited (Transferee Company)
• Scheme approved by the Hon’ble NCLT, Chandigarh Bench
• Record Date set as May 16, 2026 for determining shareholder entitlement
• Trading suspension in Cigniti Technologies Limited effective May 15, 2026 (Settlement No. DR-631/2026-2027)
• Share swap ratio: 1 fully paid-up Equity Share of Rs. 2/- of COFORGE Limited for every 1 fully paid Equity Share of Rs. 10/- of Cigniti Technologies Limited
• Trading members are explicitly advised not to deal in equity shares of Cigniti Technologies Limited from May 15, 2026

Regulatory Changes

The amalgamation is effected under a court-sanctioned Scheme of Amalgamation. Upon the scheme coming into effect, Cigniti Technologies Limited will cease to exist as a separate listed entity, and its shareholders will receive COFORGE Limited equity shares in the prescribed ratio.

Compliance Requirements

• Trading Members: Must not deal in the equity shares of Cigniti Technologies Limited (534758) on or after May 15, 2026
• Clearing & Settlement: Settlement No. DR-631/2026-2027 applies for the suspension date
• Shareholders of Cigniti Technologies Limited: Must hold shares as of the Record Date (May 16, 2026) to be entitled to receive COFORGE Limited shares under the scheme

Important Dates

Impact Assessment

This circular has high market impact. All holders of Cigniti Technologies Limited (534758) shares are directly affected as their shares will be converted to COFORGE Limited shares at a 1:1 ratio (accounting for face value difference: Rs. 10 Cigniti share → Rs. 2 COFORGE share). Trading in Cigniti Technologies scrip is effectively halted from May 15, 2026, removing liquidity for existing holders. COFORGE Limited shareholders face potential dilution depending on the number of Cigniti shares in circulation. Arbitrage opportunities between the two counters cease after the suspension date. Post-amalgamation, Cigniti Technologies Limited will be delisted from BSE.