Coforge Limited’s Board of Directors convened on October 23, 2026, to approve the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also approved the appointment of Price Waterhouse Chartered Accountants LLP as the new statutory auditor for a term of five years, commencing in 2027. Additionally, the Board noted the voluntary liquidation of a step-down subsidiary in Italy and the principal approval for setting up a new entity in the USA.
Financial Performance for Q2 FY27
Coforge Limited’s Board of Directors, in their meeting on October 23, 2026, officially reviewed and approved the company’s un-audited standalone and consolidated financial results for the second quarter and the half-year ended September 30, 2026. The unaudited financial results indicate a revenue from operations of ₹38,120 Mn for the quarter and ₹68,924 Mn year-to-date, with a total comprehensive income of ₹2,408 Mn for the quarter and ₹5,223 Mn year-to-date on a standalone basis. Consolidated figures show revenue from operations at ₹61,708 Mn for the quarter and ₹116,985 Mn year-to-date, with a total comprehensive income of ₹7,785 Mn for the quarter and ₹14,525 Mn year-to-date.
Statutory Auditor Appointment
Following a recommendation from the Audit Committee, the Board has approved the appointment of Price Waterhouse Chartered Accountants LLP as the new statutory auditor. This appointment is for a term of 5 years, commencing from the conclusion of the 35th Annual General Meeting (AGM) in 2027 until the conclusion of the 40th AGM in 2032. This appointment is subject to shareholder approval and other regulatory requirements. The current statutory auditor, S R Batliboi & Associates LLP, will continue their services until the conclusion of the 35th AGM in 2027.
Strategic Developments
The Board has also given its in-principal approval for the establishment of a new entity named Momentuum Blue in the USA. This entity is intended to build a talent pool of Forward Deployed Engineers (FDEs). In other strategic moves, the Board noted the completion of the voluntary liquidation of Digital Mobile Innovations Italy S.R.L., a step-down wholly owned subsidiary in Italy, aimed at streamlining the entity structure and enhancing operational efficiency.
Board Meeting Details
The Board Meeting commenced at 10:35 AM IST and concluded at 3:56 PM IST on October 23, 2026.
Source: BSE
