Cigniti Technologies has filed a second motion petition with the National Company Law Tribunal (NCLT) on December 16, 2025, seeking approval for its proposed amalgamation with Coforge Limited. This regulatory filing represents a significant procedural milestone in the ongoing merger process between the two technology companies.

Regulatory Filing Timeline

The company has maintained comprehensive disclosure practices throughout the amalgamation process. The filing details reveal an extensive timeline of regulatory communications:

Scheme of Amalgamation Details

The proposed scheme involves the amalgamation of Cigniti Technologies Limited (Transferor Company) with and into Coforge Limited (Transferee Company). The scheme encompasses both companies' respective shareholders and creditors under sections 230 to 232 and other applicable provisions of the Companies Act, 2013, along with rules made thereunder.

NCLT Approval Process

The second motion petition filing with the NCLT represents a crucial step in obtaining court approval for the proposed amalgamation. Corporate amalgamations in India require multiple stages of regulatory approval, including court sanctions and compliance with various legal requirements. The NCLT plays a pivotal role in approving such corporate restructuring activities.

Corporate Communication

The disclosure was signed by Abhishek Dahia, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining transparency with stakeholders. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market notification.

The company's systematic approach to regulatory compliance and transparent disclosure practices reflects its dedication to completing the amalgamation process in accordance with all prescribed legal and regulatory requirements.

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.