BSE and NSE have imposed a penalty of INR 1,41,600 each on Cigniti Technologies due to a delay in filing the application for the reclassification of outgoing promoters following an open offer.

Although this penalty has been communicated, the company states that it will not have a material impact on financial or operational activities.

Cigniti intends to provide a detailed justification to the stock exchanges, suggesting that the penalty may be waived.

Investors should remain aware of this development as it addresses corporate governance compliance, although current operations appear unaffected.