Mr. O. P. Bhatt has resigned as the Non-Executive Independent Director and Chairperson of Coforge Limited, effective immediately. The resignation follows concerns raised by the Board regarding the handling and disclosure of information related to the company’s Board Evaluation Report. Mr. Vivek Sharma has been appointed as the interim Chairperson until January 31, 2027. The company has provided additional details as per SEBI Listing Regulations.
Board Leadership Changes at Coforge
Coforge Limited announced the immediate resignation of its Non-Executive Independent Director and Chairperson, Mr. O. P. Bhatt (DIN: 00548091), on September 8, 2026. The Board of Directors has accepted the resignation, expressing gratitude for Mr. Bhatt’s services. Consequently, he has also ceased to be a member of various board committees.
Reason for Resignation
The resignation is linked to findings from an internal audit review conducted as part of the Q2 FY26 plan. The review highlighted concerns regarding the manner in which the Board Evaluation Report (BER) was presented to the Board. Specifically, certain material information concerning the BER and the Chairman’s performance was not fully disclosed. Following this, the Board sought an explanation from Mr. Bhatt. Although he stated he acted in good faith, he subsequently tendered his resignation.
Interim Chairperson Appointed
In light of Mr. Bhatt’s resignation, the Board has appointed Mr. Vivek Sharma, a Non-Executive Independent Director, as the interim Chairperson of the company. His tenure as interim Chairperson will extend until January 31, 2027.
Additional Disclosures
Further details regarding Mr. Bhatt’s directorships in other listed entities, including his roles at Wockhardt Limited as an Independent Director and his committee positions, are provided as Annexure A. The email correspondence from Mr. Bhatt formally communicating his resignation is enclosed as Annexure B to this disclosure.
Source: BSE
