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Coforge chairman resigns after audit finds concerns in board evaluation | Company News

Byadmin

Sep 9, 2026


Coforge (Photo: Company website)

Coforge named Vivek Sharma, a non-executive independent director, as interim chair ‌until January ​31, 2027 (Photo: Company website)

IT services firm Coforge said Wednesday Chairman Om Prakash Bhatt resigned after an internal ​audit into a board evaluation found concerns, ​including that material information about his own performance ‌had not been fully disclosed to the board.

Bhatt, who previously served as chairman of India’s largest lender, State Bank of India, was appointed chair of Coforge’s board in 2024 with a term due to finish in April 2027.

An audit into the board evaluation process and the resulting report, which were handled under Bhatt’s guidance, identified concerns about how the report “had ‌been dealt with and presented to the board”, the company said.

 

The board raised its concerns with Bhatt and was evaluating his response when Bhatt tendered his resignation on Sept. 8.

The company did not elaborate on the specific nature of the information about Bhatt’s performance ​that had not been disclosed to the board.

In his resignation letter, which ‌was included in the regulatory filing, Bhatt maintained that he had acted in good faith.

“I believe ​that ‌continuing on the Board while there remains a disagreement considering ‌the characteristics of my good faith actions in the Board evaluation process would not be conducive to the ‌effective ​functioning of the ​Board,” Bhatt said in the letter.

Coforge named Vivek Sharma, a non-executive independent director, as interim chair ‌until January ​31, 2027. 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sep 09 2026 | 7:59 AM IST

By admin