Coforge Share Price Fall Over 5% as Chairperson O P Bhatt Resigns; Vivek Sharma Appointed Interim Chairperson

Coforge Limited has officially informed stock exchanges of a significant change in its senior leadership. On September 9, 2026, the company disclosed the immediate resignation of its Chairperson and Independent Director, Mr. O P Bhatt, under Regulation 30 of the SEBI Listing Regulations. 

Resignation of O P Bhatt 

Mr. O P Bhatt has stepped down from his role as Non-Executive Independent Director and Chairperson of Coforge Limited.  

His resignation is effective immediately, and he will no longer participate in any board committees. This decision follows an internal audit review that examined the Board Evaluation Exercise for Q2 FY26. 

Interim Appointment of Vivek Sharma 

To ensure governance continuity, the board has appointed Mr. Vivek Sharma as the interim Chairperson. He will serve in this non-executive independent leadership capacity until January 31, 2027. The board aims to maintain stability during this transition period. 

Audit Review Findings 

The internal audit review, conducted under the guidance of the outgoing Chairman, revealed that material information regarding the Board Evaluation Report was withheld from the board. This non-disclosure specifically pertained to the evaluation of the Chairman's own performance. 

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Board's Response and Resolution 

The board sought an explanation from Mr. Bhatt regarding the audit findings. Although he asserted that he acted in good faith, he chose to resign to avoid hindering board operations. No other material reasons were cited for his abrupt departure. 

Director's Remaining Positions 

Annexure A of the disclosure tracks Mr. Bhatt's remaining corporate roles. He continues to serve as an Independent Director for Wockhardt Limited, where he holds active memberships in the Audit, Stakeholders' Relationship, and Capital Raising Committees. 

Coforge Share Price Performance 

As of September 09, 2026, at 10:08 AM, Coforge share price on NSE was trading at ₹1,840.30, down by 5.63% from the previous closing price. 

Conclusion 

Coforge Limited has announced the resignation of Chairperson O P Bhatt, effective immediately, following an internal audit review. Vivek Sharma has been appointed as interim Chairperson until January 31, 2027, to ensure governance continuity. 

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