Coforge Limited announces NCLT approval of Scheme of Amalgamation with Cigniti Technologies
Coforge · IT - Software
Key highlights
- NCLT Chandigarh sanctioned Scheme of Amalgamation under Sections 230-232 of Companies Act
- Appointed Date for amalgamation: April 1, 2025; Transferor: Cigniti Technologies Limited
- Order pronouncement date: May 1, 2026; necessary post-sanction steps underway
Why it's rated notable: The NCLT has sanctioned the merger of Cigniti, a subsidiary in which Coforge already held 54%, into Coforge, but the filing states no value for the merger, so it is medium at most, and the Income Tax demands of Rs. 3,04,77,45,392 against the Transferee Company are a liability it takes over.
Original filing
Intimation Under Regulation 30 - Pronouncement Of Order Approving Scheme Of Amalgamation Under Sections 230 To 232 Of The Companies Act, 2013 By The Hon'Ble National Company Law Tribunal, Chandigarh Bench ('NCLT')
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Coforge
- Dividend / buyback / bonusNotableCoforge Limited announces Q1 FY 2026-27 results, interim dividend, and director re-appointment
- Order winNotableCoforge secures $230+ million five-year AI transformation contract with European client
- Acquisition / mergerNotableCoforge Limited announces effective date of amalgamation with Cigniti Technologies
- Fundraise / allotmentNotableCoforge Limited reports preferential allotment of 9.38 crore shares to new investors
- Acquisition / mergerMajor developmentCoforge Limited approves USD 550 million loan and appoints two additional directors
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.