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2 clusters · 5 sources · 3 days · First seen · Last updated

Coforge leadership resignation and governance scrutiny

Overview

Coforge chairman O P Bhatt resigned on September 8, 2026, following an internal audit that raised concerns regarding the company’s board evaluation process. The audit identified that material information, including details concerning the chairman’s own performance, had not been fully disclosed to the board.

Subsequent reports clarified that a governance audit by KPMG flagged ‘misrepresentation’ in the process. Specifically, Bhatt reportedly omitted a section of the evaluation report showing he had received the lowest performance rating from fellow directors, an action taken at his instruction.

Coforge appointed non-executive independent director Vivek Sharma as interim chairperson through January 31, 2027. The company emphasized that these governance issues are strictly related to the regulatory board evaluation exercise and do not impact financial statements, reporting, or business operations. Following the news, Coforge shares experienced a decline in value.

Entities

Coforge · Vivek Sharma · State Bank of India · KPMG · O P Bhatt

Timeline

  1. about 12 hours ago

    [BUSINESS] 2 sources
    Coforge faces governance scrutiny after KPMG flags board evaluation misrepresentation

    Coforge's chairman resigned following a KPMG audit that found misrepresentation in board evaluations, specifically regarding omitted low performance ratings for former chairman OP Bhatt.

  2. 3 days ago

    [BUSINESS] 3 sources
    Coforge chairman O P Bhatt resigns following internal audit concerns

    Coforge chairman O P Bhatt has resigned following an internal audit that found material information regarding his performance was not fully disclosed during a board evaluation process.

Sources

businesstoday.in · investingcube.com · newindianexpress.com · news18.com · newsbytesapp.com