Cigniti Technologies , a leading software testing services company, has received approval from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for the reclassification of five individuals from the Promoter/Promoter Group category to the Public category. This move marks a significant change in the company's shareholding structure.

Reclassification Details

The reclassification involves the following individuals:

1. Venkata Subramanyam Chakkilam
2. Chakkilam Rajeswari
3. Chakkilam Srikanth
4. Pennam Sudhakar
5. Pennam Sapna

Impact on Shareholding

The reclassification has resulted in the following changes to Cigniti Technologies' shareholding structure:

The total shares involved in this reclassification represent 0.87% of the company's total shareholding.

Regulatory Compliance

The approval for this reclassification was granted based on Cigniti Technologies' application dated January 25, 2025, submitted under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Regulations. The company received formal approval letters from both exchanges on November 06, 2025:

• NSE approval letter: NSE/LIST/COMP/CIGNITITEC/463/2025-2026
• BSE approval letter: LIST/COMP/HG/536/2025-26

Implications

This reclassification of promoters to public shareholders could potentially increase the stock's liquidity and may affect its weightage in certain indices. However, it's important to note that the overall impact on day-to-day operations and the company's strategic direction is likely to be minimal.

Cigniti Technologies has assured compliance with all relevant disclosures related to this reclassification, as required by the applicable provisions of SEBI regulations. Investors and market participants are advised to take note of this change in the company's shareholding structure.

As the software testing industry continues to evolve, Cigniti Technologies' focus remains on delivering high-quality services to its clients. The company's ability to adapt to changing market conditions and regulatory requirements demonstrates its commitment to transparency and good corporate governance practices.

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.