Coforge Share Price Today: Stock Falls 7% After Om Prakash Bhatt Resigns

Coforge shares fell sharply on Wednesday, September 9, after chairman Om Prakash Bhatt resigned following concerns raised by an internal audit over the company's board evaluation process.

Coforge shares were down 7.12% at ₹1,809.20 around 9:16 am IST, according to Reuters. The stock later traded at around ₹1,837, down 5.76%, based on the market data provided.

Coforge share price falls after chairman resignation

The resignation came after an internal audit review of Coforge's Board Evaluation Exercise for Q2 FY26. The review raised concerns that certain material information related to the board evaluation report and the chairman's performance had not been fully disclosed to the board.

The board sought an explanation from Bhatt over the findings. He said he had acted in good faith but resigned while the board was still evaluating his response.

Vivek Sharma appointed interim chairman

Coforge has appointed Vivek Sharma, a non executive independent director, as interim chairperson until January 31, 2027. Bhatt has also stepped down from all company committees with immediate effect.

According to the company's disclosure, Bhatt said there were no other material reasons for his resignation. He said continuing on the board amid disagreements over his actions during the evaluation process would not be conducive to effective functioning.

Coforge stock performance

The resignation has put Coforge under pressure after the stock had delivered positive returns over longer periods. Based on the supplied market data, Coforge has gained 58.55% over six months and 10.91% over one year.

Coforge stock metric	Details
Current price	₹1,837
Market capitalisation	₹81,366 crore
P/E	42.4
ROCE	23.5%
ROE	21.4%
52 week high	₹2,022
52 week low	₹1,008

Period	Return
1 Day	-5.78%
5 Days	-7.30%
1 Month	+3.82%
6 Months	+58.55%
1 Year	+10.91%
5 Years	+79.49%

What investors will watch next

Coforge will now remain in focus as investors assess the company's response to the internal audit findings and the change in board leadership. The appointment of an interim chairperson is also likely to remain a major factor for sentiment around the stock.

The company provides IT solutions and technology services, with operations across several international markets. Investors will now track further disclosures from Coforge regarding its board evaluation process and leadership structure.