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 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.