In a series of significant corporate developments, Coforge Limited has secured resounding approvals from both its equity shareholders and unsecured creditors for the proposed amalgamation with Cigniti Technologies Limited. These decisions mark crucial steps forward in the company's strategic plans.

Shareholder Approval

The shareholder meeting, which utilized both remote e-voting and e-voting during the session, saw an impressive turnout and a near-unanimous decision in favor of the amalgamation. Here's a breakdown of the voting results:

The overwhelming support from shareholders, with 99.70% of valid votes cast in favor of the resolution, significantly surpasses the required three-fourth majority threshold for such corporate actions.

Unsecured Creditors' Approval

In a separate meeting held on the same day, December 6, 2025, Coforge's unsecured creditors also unanimously approved the proposed scheme of amalgamation. The meeting was conducted through video conferencing as directed by the NCLT Chandigarh Bench. Key details of this approval include:

• Unsecured debt worth INR 2,40,80,03,073 represented
• 100% voting in favor of the resolution

This unanimous support from unsecured creditors further solidifies the path forward for the amalgamation.

Implications of the Amalgamation

While specific details of the amalgamation scheme were not provided in the immediate reports, such corporate actions typically aim to:

• Enhance operational efficiencies
• Combine complementary strengths
• Improve market positioning
• Potentially create shareholder value through synergies

The strong backing from both shareholders and unsecured creditors suggests confidence in the strategic rationale behind the merger between Coforge Limited and Cigniti Technologies Limited.

Next Steps

With approvals secured from both shareholders and unsecured creditors, the amalgamation process will likely move to the next phases, which may include:

• Further regulatory approvals from relevant authorities
• Legal proceedings to finalize the merger
• Integration planning between the two companies

Investors and market watchers will be keen to observe how this amalgamation unfolds and its potential impact on Coforge's market position and financial performance in the coming quarters.

As this corporate action progresses, stakeholders should stay tuned for further announcements regarding the implementation timeline and specific terms of the amalgamation.

Coforge Limited (NSE: COFORGE), a global digital services and solutions provider, has achieved a significant milestone by being recognized as a Leader in Everest Group's Enterprise Quality Engineering (QE) Services PEAK Matrix Assessment 2025. This prestigious recognition underscores Coforge's comprehensive QE capabilities, AI-driven solutions, and strong market presence across regulated sectors.

Key Highlights of Coforge's Recognition

• Comprehensive QE Portfolio: Coforge offers a wide range of quality engineering services, including functional, non-functional, automation, and advisory-led testing.
• Industry Expertise: The company demonstrates deep industry knowledge across Banking and Financial Services, Insurance, Retail/CPG, Travel, Transportation, and other regulated sectors.
• AI-Driven Innovation: Coforge's focus on platform-led innovation, particularly through its proprietary BlueSwan solution, has been highlighted as a key strength.
• Strong Revenue Growth: The company has recorded one of the highest year-over-year QE revenue increases among all assessed providers.

Everest Group's Assessment

Ankit Nath, Practice Director at Everest Group, commented on Coforge's positioning: "Coforge's ability to deliver end-to-end quality engineering across advisory, functional and non-functional testing, combined with its strong presence in highly regulated and complex markets, and its growing focus on AI-driven QE, positions it as a comprehensive assurance partner."

Leadership Perspective

Sudhir Singh, CEO & Executive Director of Coforge, emphasized the importance of Quality Engineering in their growth strategy: "Quality Engineering remains a cornerstone of our growth strategy, enabling us to deliver robust, scalable, and reliable digital solutions for our clients worldwide."

Raghu Krovvidy, EVP, Quality Engineering at Coforge, added: "This recognition is a testament to our team's unwavering commitment to delivering high-quality, AI-driven engineering solutions that drive real business impact for our clients."

Financial Performance

While the article focuses on Coforge's QE capabilities, it's worth noting the company's strong financial performance. Based on the latest balance sheet data:

This financial data reflects Coforge's significant growth and investment in assets, aligning with its expanding market presence and capabilities in quality engineering services.

Looking Ahead

As Coforge continues to strengthen its position in the Quality Engineering space, the company remains committed to advancing its capabilities through continued investment in AI, automation, and platform innovation. This strategic focus aims to ensure clients benefit from accelerated delivery, enhanced resilience, and measurable business outcomes in their digital transformation journeys.

The recognition by Everest Group solidifies Coforge's status as a trusted partner for enterprises seeking future-ready, engineering-led digital transformation solutions. As the demand for quality engineering services continues to grow, Coforge is well-positioned to capitalize on market opportunities and drive further innovation in the field.