Coforge Cigniti Amalgamation Closes: JSA Advocates Steers High-Stakes NCLT Process
JSA Advocates & Solicitors (JSA) has successfully advised both Coforge Limited and Cigniti Technologies Limited to closure on their composite scheme of amalgamation — one of the more consequential IT-sector mergers to pass through the NCLT in recent years. The NCLT Chandigarh sanctioned the merger on April 29, 2026, with an appointed date of April 1, 2025. The scheme formally became effective as of May 5, 2026, following the filing of the certified NCLT order with the Registrar of Companies.
Introduction
The transaction structured Cigniti Technologies Limited as the Transferor Company and Coforge Limited as the Transferee Company under a composite scheme of amalgamation governed by Sections 230–232 of the Companies Act, 2013. Both Coforge and Cigniti are publicly traded and listed on BSE and NSE. Coforge’s court-approved Scheme of Amalgamation became effective following the filing of the NCLT’s order with the Registrar of Companies in Haryana, with Cigniti now legally merged into Coforge and dissolved without winding up.
JSA led the end-to-end integration process across both its Corporate and Disputes practices. The firm’s mandate covered securing shareholder and creditor consent, as well as obtaining final sanction from the National Company Law Tribunal, Chandigarh. The merger received near-unanimous stakeholder approval, with Cigniti shareholders voting 99.95% in favour and Coforge shareholders voting 100% in favour.
Legal Teams Involved
JSA Advocates & Solicitors advised and represented both Cigniti Technologies Limited (Transferor Company) and Coforge Limited (Transferee Company).
JSA Corporate Team
- Anand Lakra, Lead Partner
- Ami Shah, Principal Associate
- Rishabh Sharma, Senior Associate
JSA Disputes Team
- Sidharth Sethi, Lead Partner
- Shreya Sircar, Partner
- Deepank Anand, Senior Associate
- Riya Singh, Associate
For a broader view of M&A mandates across Indian law firms, see the Deal Meter.
Significance and Impact
This amalgamation is notable for the dual deployment of JSA’s Corporate and Disputes practices working in tandem on a single, time-sensitive mandate — an approach that reflects the procedural complexity inherent in court-sanctioned mergers involving two listed public companies. The process required coordination across shareholder meetings, creditor approvals, and NCLT proceedings in Chandigarh, all completed in what JSA describes as record time.
Coforge and Cigniti Technologies completed all regulatory formalities required to make their scheme of amalgamation effective, following the filing of the certified copy of the NCLT Chandigarh Bench order with the Registrar of Companies, Haryana — with Cigniti standing amalgamated with Coforge and dissolved without being wound up. By integrating Cigniti’s strengths in independent quality engineering and software testing, Coforge is set to enhance its digital assurance offerings and broaden its global reach, with the combined entity positioned as a comprehensive digital services provider.
The valuation was conducted by registered valuers PwC Business Consulting Services LLP and KPMG Valuation Services LLP, with fairness opinions provided by JM Financial Limited and Axis Capital Limited confirming the exchange ratio’s appropriateness. Key regulatory bodies including the Official Liquidator, BSE Limited, National Stock Exchange of India Limited, and the Income Tax Department provided their clearances after thorough review.
Conclusion
The successful closure of the Coforge Cigniti amalgamation marks a significant milestone for both companies and for JSA Advocates & Solicitors, reinforcing the firm’s cross-practice capabilities in high-value, publicly listed corporate restructurings. Further financial and operational details of the combined entity were not disclosed beyond what has been publicly reported.
Sources: JSA Law – Deal Announcement | NCLT Sanction – ScanX Trade | Amalgamation Effective – TipRanks | Completion – InvestyWise
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
