Coforge Approves Revised Share Swap Ratio in Cigniti Merger After Stock Split

Noida, July 6, 2025: Coforge Limited (NSE: COFORGE | BSE: 532541) has approved amendments to its ongoing Scheme of Amalgamation with Cigniti Technologies Limited to revise the share exchange ratio following a sub-division of its equity shares.

Revised Share Exchange Ratio Approved

In its latest board meeting held today, Coforge’s board gave the green light to amend the Scheme of Amalgamation first approved on December 27, 2024. The only change pertains to the share exchange ratio in light of the recent stock split carried out by Coforge.

Under the revised terms:

Revised Share Exchange Ratio
1 equity share of Coforge Ltd (Face value ₹2 each) for every 1 equity share of Cigniti Technologies Ltd (Face value ₹10 each)

All other terms and conditions of the merger, including rights of shareholders and treatment of assets and liabilities, remain unchanged.

Background and Implications

This update is procedural, aligned with the corporate action of stock split by Coforge. By adjusting the share exchange ratio accordingly, the company ensures parity and fairness to Cigniti shareholders.

Regulatory Context

The update was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

About Coforge Limited

Coforge is a publicly listed global IT solutions provider, headquartered in Greater Noida, India. The company offers digital services across verticals such as insurance, banking, travel, and healthcare, and is listed on both NSE and BSE. It is known for its strong execution capabilities and domain-driven digital solutions.

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This merger move and its procedural revision is a strategic step towards strengthening Coforge’s position in the digital engineering and quality assurance space by integrating Cigniti’s testing and AI capabilities.

REF:https://nsearchives.nseindia.com/corporate/COFORGE_06072025100927_INTIMATION.pdf

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