Coforge: Chairman Resigns After Internal Audit

is in focus after Om Prakash Bhatt resigned as the company's Non-Executive Independent Director and Chairman of the Board with immediate effect on September 8. The resignation followed an internal audit review of the company's Board Evaluation Exercise and Board Evaluation Report (BER). According to the company, the review identified concerns relating to the manner in which the report had been dealt with and presented to the board, including certain material information concerning the report and the Chairman's performance that had not been fully disclosed when the report was presented. The board had sought an explanation from Bhatt and was still reviewing his response when he resigned. Coforge said there were no other material reasons for his departure beyond the matters arising from the internal audit and subsequent board review. Following his resignation, Vivek Sharma, a Non-Executive Independent Director, has been appointed interim Chairperson until January 31, 2027. Coforge shares fell sharply in early trading, declining by more than 8% as investors reacted to the governance and leadership development.