NCLT approves Cigniti Technologies, Coforge merger plan

The National Company Law Tribunal (NCLT), Chandigarh Bench, issued an order on October 17, 2025, approving the scheme of amalgamation between Cigniti Technologies Limited and Coforge Limited. This order dispenses with the meeting requirement for secured creditors of Cigniti Technologies, as the company had no secured creditors as of July 18, 2025.

The NCLT also directed the convening of meetings for equity shareholders of both companies, secured creditors of Coforge Limited, and unsecured creditors of both companies to consider and approve the scheme. Cigniti Technologies reported 28,488 equity shareholders and 16 unsecured creditors with an aggregate debt of INR 1,63,00,763.84 as of July 18, 2025.

Coforge Limited reported 188,219 equity shareholders, 5 secured creditors with an aggregate debt of INR 3,82,07,27,618.60, and 56 unsecured creditors with an aggregate debt of INR 2,65,96,68,287 as of July 18, 2025. The amalgamation aims to empower digital transformation, accelerate growth, enhance customer approach, and streamline operational and corporate structures for efficiency and improved cash flow management.