Coforge Limited has received in-principle approval from stock exchanges to list 93,796,508 equity shares. The approval was granted on May 22, 2026, following the company's preferential allotment of these shares.

The shares, with a face value of ₹2 each, were allotted on a preferential basis. This allotment was part of a Share Subscription and Share Purchase Agreement executed with Encora US Holdco, Inc. and Encora Holdings Ltd. The company had previously informed the exchanges about the in-principle approval for the preferential issue on April 10, 2026, and the subsequent allotment on April 23, 2026.

Pursuant to the latest approval, Coforge has filed the corporate action with the depositories. This step ensures the credit of the equity shares to the demat accounts of the respective allottees.

The intimation regarding this development has been uploaded on the company's official website.

Coforge has launched Aeronova.AI, a purpose-built framework designed to help airlines transition safely and predictably to Offer, Order, Settlement and Delivery (OOSD) operations. Announced on May 21, 2026, the platform enables airlines to modernize their retailing capabilities while protecting revenue continuity, operational stability, and customer experience at every stage of the transformation journey.

Addressing Execution Challenges in Aviation Retail

Aeronova.AI is positioned as a solution that translates airline retail plans into concrete action. As the industry accelerates its shift toward modern retailing, carriers face the challenge of managing the coexistence of legacy PNR environments alongside emerging order-native platforms. Aeronova.AI addresses this by providing a structured acceleration layer of reusable assets, AI-assisted automation, and airline-specific execution playbooks.

Strategic Focus and Industry Impact

The launch reflects Coforge's focus on delivering technology-driven solutions tailored to the airline sector. Erika Moore, Chief Officer, Strategy & Growth, TTH, Coforge, stated that airlines often struggle with execution, coexistence, and scale rather than ambition. Aeronova.AI is designed to bridge that gap, drawing on decades of deep airline and travel-technology expertise to help carriers move from strategy to production safely, reducing mobilization risk and accelerating the path to modern, order-led retailing.

Designed for phased, real-world adoption, the platform allows airlines to move from pilots to production-grade operations at their own pace without compromising revenue flows or financial auditability. It complements existing and emerging retailing platforms rather than replacing them, addressing the governance and scale challenges that typically slow or derail transformation programs.