Coforge Limited (NSE: COFORGE) has announced a significant leap forward in mainframe modernization with the launch of its z/Transaction Processing Facility (z/TPF) Center of Excellence (CoE). This strategic initiative, housed within the company's Advanced Engineering Services unit, aims to accelerate the modernization of mission-critical transaction systems across various sectors including Financial Services, Aviation, Hospitality, and Retail.

Revolutionizing Legacy Systems

The new CoE addresses a critical need in industries that have long relied on Transaction Processing Facility (TPF) systems—a specialized mainframe environment that processes billions of real-time, high-volume transactions daily. As these sectors face increasing pressure to upgrade legacy platforms, support real-time digital operations, and strengthen compliance and resilience, Coforge's initiative comes at a crucial time.

AI-Powered Modernization Tools

The CoE leverages a suite of AI-powered tools specifically designed for complex modernization programs. Key features include:

These tools are complemented by platform transformation capabilities from mainframe to open systems across on-premises, cloud, or hybrid environments.

Comprehensive Modernization Framework

Coforge's modernization framework offers:

• Complete business logic fidelity preservation
• Enterprise-grade governance and security
• Platform-agnostic GenAI architecture
• CodeInsight AI for accelerated legacy system transformation

This comprehensive approach ensures resilient, compliant, and scalable modernization, reducing both time and cost for enterprises undertaking this critical transition.

Bridging the Talent Gap

Beyond technological solutions, the CoE will serve as a talent development hub. It aims to upskill engineers in z/TPF, cloud-native architectures, and AI-driven engineering, addressing the industry-wide mainframe talent shortage.

Industry Impact

This initiative by Coforge is set to have a significant impact across multiple sectors:

• Financial Services: Enhancing real-time authorization, fraud management, and trading systems through intelligent automation.
• Travel and Aviation: Modernizing passenger services systems, reducing operational latency, and improving digital customer experiences in reservation, ticketing, loyalty, and baggage operations.

By combining deep domain expertise, AI accelerators, and engineering excellence, Coforge is positioning itself as a key player in helping global enterprises modernize the mission-critical systems that power commerce, travel, banking, and customer experiences worldwide.

As industries continue to evolve in the digital age, initiatives like Coforge's z/TPF Center of Excellence will play a crucial role in ensuring that legacy systems can keep pace with modern demands for speed, efficiency, and customer experience.

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.