Coforge Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a robust annual revenue of Rs. 164,027 million. The company also set May 16, 2026, as the record date for the share exchange process following the amalgamation of Cigniti Technologies. Consequently, the Board has deferred the dividend proposal to the upcoming meeting to finalize the integration process for shareholders.
Financial Performance Overview
Coforge Limited concluded the financial year ending March 31, 2026, with significant growth. The company reported annual consolidated revenue from operations at Rs. 164,027 million, compared to Rs. 120,733 million in the previous fiscal year. The profit after tax for the year stood at Rs. 17,447 million, demonstrating strong operational momentum. For the final quarter of the year, the company achieved revenue of Rs. 44,504 million with a quarterly profit after tax of Rs. 6,662 million.
Strategic Amalgamation and Record Date
Following the successful amalgamation of Cigniti Technologies Limited with Coforge, the company has officially confirmed the roadmap for shareholder integration. The equity shareholders of Cigniti are entitled to receive shares of Coforge in a 1:1 share exchange ratio. To facilitate this, the company has fixed May 16, 2026, as the Record Date for determining shareholder eligibility.
Dividend and Operational Updates
In light of the ongoing amalgamation activities and the upcoming share exchange, the Board of Directors has decided to defer the interim dividend proposal until the next meeting. This strategic pause ensures that the company remains focused on the seamless integration of Cigniti’s operations and shareholder accounts. Additionally, the company reported a positive outlook across its major geographical segments, with the Americas leading revenue contribution at Rs. 93,344 million for the full fiscal year.
Corporate Expansion
The company also noted recent inorganic growth, specifically the acquisition of 100% equity shares of Encora US Holdco, Inc. and its subsidiaries on April 23, 2026. This acquisition, valued at approximately Rs. 221,935 million, was executed through a mix of share swaps and debt financing, further expanding Coforge’s global footprint and service capabilities as it enters the new fiscal year.
Source: BSE
