Shares of Coforge declined nearly 9% on Wednesday, 9 September after the company announced the resignation of non-executive Independent Director and Chairperson Om Prakash Bhatt with immediate effect on September 8, 2026.
The IT stock fell as much as 8.7% to its day’s low of ₹1,780.10 per share on BSE.
“Pursuant to Regulation 30 and other applicable provisions of the SEBI Listing Regulations, it is hereby informed that the members of the Board of the Company have noted the resignation of Non-Executive Independent Director and Chairperson of the Company, Mr. O P Bhatt (DIN: 00548091) with immediate effect. The Board wishes to thank Mr. Bhatt for his services. Accordingly, he also ceases to be member of the Committees of the Company with immediate effect. There is no other material reason for his resignation other than the reason stated in his resignation email dated September 8, 2026,” it said in an exchange filing.
Further, the Board also decided to designate Mr. Vivek Sharma, Non-Executive Independent Director, as interim Chairperson of the company till January 31, 2027, added the company.
(This is a developing story)
