Cigniti Technologies Secures Stock Exchange Approval for Promoter Reclassification

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:

Venkata Subramanyam Chakkilam
Chakkilam Rajeswari
Chakkilam Srikanth
Pennam Sudhakar
Pennam Sapna

Impact on Shareholding

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

Category	Before Reclassification	After Reclassification	Change
Promoter Holding	55.04%	54.17%	-0.87%
Public Holding	44.96%	45.83%	+0.87%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.23%	+3.40%	-6.02%	-24.44%	-24.82%	+247.52%

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.