Cigniti Technologies Conducts Shareholder and Creditor Meetings for Coforge Merger Approval

Cigniti Technologies Limited (CTL) has conducted meetings of equity shareholders and unsecured creditors on December 06, 2025, to approve the proposed scheme of amalgamation with Coforge Limited. The meetings were held under the directions of the National Company Law Tribunal (NCLT), Chandigarh Bench, as per sections 230-232 of the Companies Act, 2013.

Key Details of the Meetings

Purpose: To approve the Scheme of Amalgamation of Cigniti Technologies with and into Coforge Limited
Venue: Video Conference (VC) / Other Audio-Visual Means (OAVM)
Participants: Equity Shareholders and Unsecured Creditors of Cigniti Technologies Limited
Date: December 06, 2025
E-voting Period: December 03-05, 2025
E-voting Platform: NSDL
Regulatory Compliance: Conducted pursuant to NCLT order dated October 17, 2025

Public Notification

Prior to the meetings, the company had taken steps to ensure widespread awareness:

Newspaper Publications:
- Business Standard (English)
- Jansatta (Hindi)

Corporate Action and Stock Exchange Notification

Cigniti Technologies had informed the stock exchanges about this development:

Stock Exchanges Notified:
- BSE Limited
- National Stock Exchange of India Limited

These meetings mark a step in the proposed amalgamation process between Cigniti Technologies and Coforge Limited. The company's decision to conduct the meetings via video conferencing and provide remote e-voting facilities demonstrates its commitment to shareholder accessibility and participation.

Stakeholders may look out for further updates regarding the outcome of these meetings and subsequent steps in the amalgamation process. The company's approach in communicating these developments through multiple channels underscores its commitment to transparency and regulatory compliance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.71%	-5.17%	-2.29%	-1.30%	-9.08%	+330.23%

Cigniti Technologies Limited , a leading player in digital assurance and engineering services, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Revenue and Profitability Surge

The company's consolidated revenue for Q2 FY26 reached ₹5,673.00 million, marking a substantial increase of 25% compared to ₹4,992.00 million in the same quarter of the previous year. On a sequential basis, revenue grew by 6.2% from ₹5,342.00 million in Q1 FY26.

Cigniti Technologies' profitability also saw impressive gains:

Metric (in ₹ million)	Q2 FY26	Q1 FY26	Q2 FY25	QoQ Change	YoY Change
Revenue	5,673.00	5,342.00	4,992.00	6.2%	25.0%
EBIT	997.00	884.00	N/A	12.8%	N/A
Net Profit	826.00	659.00	529.00	25.3%	56.1%

The company's Earnings Before Interest and Taxes (EBIT) improved to ₹997.00 million in Q2 FY26, up from ₹884.00 million in the previous quarter. This resulted in an EBIT margin expansion from 16.55% to 17.57%.

Net profit for the quarter stood at ₹826.00 million, representing a significant year-on-year growth of 56.1% from ₹529.00 million in Q2 FY25. Sequentially, net profit increased by 25.3% from ₹659.00 million in Q1 FY26.

Half-Yearly Performance

For the first half of FY26, Cigniti Technologies reported:

Consolidated revenue of ₹11,015.00 million, up 13.8% year-on-year
Net profit of ₹1,485.00 million, a substantial increase of 134.2% compared to the same period last year

Management Changes

In a separate announcement, Cigniti Technologies informed that Mr. Krishnan Venkatachary, the current Chief Financial Officer, will be superannuating, with his last working day scheduled for October 27, 2025. The company has appointed Mr. Ashish Arora as the new Chief Financial Officer, effective October 28, 2025.

Mr. Arora brings over 22 years of experience in finance and is a Chartered Accountant. He has previously served as Global Finance Controller and Senior Vice President – Finance at Coforge Limited since April 2020.

Market Outlook

The strong financial performance and strategic management changes position Cigniti Technologies well in the competitive digital assurance and engineering services market. The company's ability to grow revenue and improve profitability margins indicates robust demand for its services and effective operational management.

As the digital transformation trend continues across industries, Cigniti Technologies' expertise in software testing and quality assurance services is likely to remain in high demand. The company's focus on expanding its service offerings and global presence may contribute to sustained growth in the coming quarters.