Cigniti Technologies Limited (CTL) has issued a notice to its equity shareholders and unsecured creditors regarding an upcoming meeting convened under the directions of the National Company Law Tribunal (NCLT), Chandigarh Bench. The meeting pertains to the Scheme of Amalgamation between Cigniti Technologies and Coforge Limited.

Key Details of the Meeting

• Purpose: To discuss 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
• Regulatory Compliance: Disclosure made under Regulation 30 of SEBI Listing Regulations

Public Notification

The company has taken steps to ensure widespread awareness of this important meeting:

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

Corporate Action and Stock Exchange Notification

Cigniti Technologies has duly informed the stock exchanges about this development:

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

This meeting marks a significant step in the proposed amalgamation process between Cigniti Technologies and Coforge Limited. Shareholders and creditors are advised to participate in the meeting to stay informed about the amalgamation scheme and its potential implications.

The company's proactive approach in communicating this development through multiple channels demonstrates its commitment to transparency and regulatory compliance. Stakeholders should look out for further updates regarding the outcome of this meeting and subsequent steps in the amalgamation process.

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:

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.