Coforge Limited announced the immediate resignation of its Non-Executive Independent Director and Chairperson, Mr. O.P. Bhatt. The company stated that Mr. Bhatt’s decision follows concerns identified in an internal audit review concerning the Board Evaluation Exercise and its presentation. The Board has appointed Mr. Vivek Sharma as interim Chairperson until January 31, 2027. Mr. Bhatt’s resignation email cites disagreement regarding the handling of his good faith actions in the evaluation process.
Leadership Change at Coforge
Coforge Limited has announced a significant leadership change with the immediate resignation of its Non-Executive Independent Director and Chairperson, Mr. O.P. Bhatt (DIN: 00548091). The company informed stakeholders on September 9, 2026, that the Board of Directors has accepted Mr. Bhatt’s resignation with immediate effect. The Board extended its gratitude to Mr. Bhatt for his services.
Reasons for Resignation
According to the disclosure, the resignation is linked to an internal audit plan for Q2 FY26, which reviewed the Board Evaluation Exercise. The audit identified concerns regarding the presentation of the Board Evaluation Report (BER) and the Chairman’s performance, noting that certain material information might not have been fully disclosed. While the Board was considering Mr. Bhatt’s explanation, he tendered his resignation. Mr. Bhatt’s email confirms that the matters related to the Board evaluation process are the material reasons for his resignation, and he stated that continuing on the Board would not be conducive to its effective functioning.
Interim Chairperson Appointed
In light of Mr. Bhatt’s departure, the Board has appointed Mr. Vivek Sharma, a Non-Executive Independent Director, as the interim Chairperson. Mr. Sharma will hold this position until January 31, 2027. Mr. Bhatt also ceases to be a member of all Board committees effective immediately.
Source: BSE
