Management Change9 Sept 2026, 07:30 am
Coforge: Interim Chairperson Appointed Post Director Resignation
AI Summary
Coforge Ltd announced the resignation of Mr. O P Bhatt as Non-Executive Independent Director and Chairperson, effective immediately. The Board accepted his resignation and thanked him for his services. Mr. Bhatt also ceases to be a member of various board committees. The resignation follows concerns identified in an internal audit review regarding the Board Evaluation Report and the Chairman's performance disclosure. The Board was considering his explanation when he tendered his resignation. Mr. Vivek Sharma has been appointed as the interim Chairperson until January 31, 2027. Mr. Bhatt also holds a directorship in Wockhardt Limited.
Key Highlights
- O P Bhatt resigns as Chairperson and Independent Director.
- Vivek Sharma appointed interim Chairperson until Jan 31, 2027.
- Resignation linked to internal audit findings on Board Evaluation.
- Board was considering Chairman's explanation before resignation.
Price Impact
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