Cigniti Technologies , a leading software testing and quality assurance company, experienced a significant stock movement on Thursday, drawing attention from major institutional investors.

Stock Performance and Institutional Investment

Cigniti Technologies' shares fell over 9% following the company's June quarter results, closing at ₹1,573.80. During this decline, Morgan Stanley Asia Singapore Pte. seized the opportunity to increase its stake in the company. The global investment firm purchased 1.65 lakh shares at an average price of ₹1,591.46 per share, representing 0.6% of Cigniti's total outstanding equity.

This recent acquisition adds to Morgan Stanley's existing 1.69% stake in Cigniti Technologies, signaling the firm's continued confidence in the company's prospects despite the short-term stock price volatility.

Current Stock Position and Major Shareholders

The recent decline has positioned Cigniti's stock 20% below its 52-week high of ₹1,970.00. Despite this setback, the company continues to attract significant institutional interest. Other major shareholders include:

Ownership Structure and Parent Company Performance

It's worth noting that Cigniti Technologies is majority-owned by Coforge, which acquired the company last year. Interestingly, Coforge also experienced a stock decline of nearly 9% after reporting its own quarterly numbers, suggesting broader market reactions to the sector's performance.

Corporate Governance and Future Outlook

In recent corporate developments, Cigniti Technologies has made several key announcements that could impact its future operations:

1. The company has approved the allotment of 60,000 equity shares to an employee under the Cigniti ESOP Scheme, demonstrating its commitment to employee retention and alignment with shareholder interests.

2. Cigniti is changing its Registrar and Transfer Agent from Aarthi Consultants Private Limited to MUFG Intime India Private Limited, which may streamline shareholder services.

3. The company has announced changes in its key management personnel, with the resignation of its current Company Secretary and Compliance Officer and the appointment of a new one.

These corporate actions, combined with the continued interest from institutional investors like Morgan Stanley, suggest that despite short-term stock price fluctuations, Cigniti Technologies remains focused on strengthening its corporate structure and maintaining investor confidence.

As the software testing and quality assurance sector continues to evolve, investors will be watching closely to see how Cigniti Technologies navigates market challenges and capitalizes on growth opportunities in the coming quarters.

Cigniti Technologies Limited, a leading player in the digital assurance and engineering services sector, has announced a significant change in its leadership team. The company's Board of Directors has approved the appointment of Mr. Abhishek Dahia as the new Company Secretary and Compliance Officer, effective September 1, 2025.

Leadership Transition

Ms. Naga Vasudha, the current Company Secretary and Compliance Officer, has tendered her resignation citing other prior commitments. Her last working day will be August 31, 2025. The company expressed gratitude for her services during her tenure.

New Appointment

Mr. Abhishek Dahia, who will take over the role, brings with him a wealth of experience in corporate law and secretarial operations. His appointment comes at a time when Cigniti is undergoing significant corporate changes, including a potential merger with Coforge Limited.

Professional Background

Mr. Dahia's credentials include:

• Fellow member of the Institute of Company Secretaries of India (ICSI)
• Over 13 years of experience in Corporate Law and Secretarial operations
• LL.B. degree from the Faculty of Law, University of Delhi
• Currently serving as Group Manager at Coforge Limited
• Extensive experience in SEBI compliances, company incorporations, audits, and regulatory filings
• Career spanning reputed listed entities including Apollo Tyres Group, India Glycols, INOX Group, and ICRA Limited

Corporate Developments

The leadership change comes amidst other significant corporate actions at Cigniti Technologies:

Potential Merger

Cigniti is in the process of a potential merger with Coforge Limited, which acquired a 54% stake in Cigniti in the previous year. The merger scheme is pending various regulatory approvals.

Share Exchange Ratio

The Board recently approved amendments to the Scheme of Amalgamation, revising the share exchange ratio. Under the new terms, shareholders of Cigniti will receive one equity share of Coforge (face value ₹2.00) for every one equity share of Cigniti (face value ₹10.00).

Regulatory Progress

Cigniti has received 'no objection' and 'no adverse observations' letters from the National Stock Exchange of India Limited and BSE Limited, respectively, regarding the proposed merger.

Financial Performance

For the quarter ended June 30, 2025, Cigniti reported consolidated revenue from operations of ₹5,342.00 million and a net profit of ₹659.00 million.

Change in Registrar and Transfer Agent

The company has appointed MUFG Intime India Private Limited as its new Registrar & Share Transfer Agent, effective November 15, 2025, replacing Aarthi Consultants Private Limited.

These developments underscore Cigniti's commitment to strengthening its corporate governance and operational efficiency as it navigates through a period of significant corporate restructuring and growth.

The appointment of Mr. Dahia as Company Secretary and Compliance Officer is expected to bring valuable expertise to Cigniti's leadership team, particularly as the company moves forward with its merger plans and continues to expand its presence in the digital assurance and engineering services market.