2 hrs ago
O P Bhatt Resigns as Coforge Chairman After Audit Concerns
O P Bhatt has left his job as chairman of Coforge.
He also resigned as an independent director.
The company said an internal review found problems with a report about how the board was evaluated.
The concerns included how the report was prepared, handled, and presented.
The company also said some important information was not disclosed.
Coforge said the review was not about its financial statements or financial matters.
It said the issue did not affect the company’s operations or business performance.
Coforge also said its near-, mid-, and long-term guidance remained unchanged.
Coforge said Chairman and Independent Director O P Bhatt resigned with immediate effect.
The resignation followed an internal audit of the company’s board evaluation process and report.
The audit raised concerns about how the report was handled and presented to the board.
Coforge said certain material information was not disclosed in the report.
The company said the issue did not involve financial statements, operations, business performance, or its guidance.
- Who
- O P Bhatt, Coforge’s chairman and independent director, and Coforge’s internal auditor.
- What
- Bhatt resigned with immediate effect after an internal audit raised concerns about a board evaluation report.
- Where
- Coforge; the article datelined New Delhi.
- When
- The resignation was announced on Wednesday; the board evaluation exercise was conducted in March-April 2026 for the previous year.
- Why
- The internal audit identified concerns about the handling and presentation of the report, including non-disclosure of certain material information.
Key facts
- Resigning executive
- O P Bhatt
- Company
- Coforge
- Resignation status
- Effective immediately
- Reviewed exercise
- Board evaluation conducted in March-April 2026 for the previous year
- Audit concern
- Handling and presentation of the Board Evaluation Report
- Company clarification
- The issue did not relate to financial statements or financial matters
- Business impact
- Coforge said there was no effect on operations, business performance, or its guidance
Sources
Related news
Rashi Peripherals Shares Fall After Director Raises Governance Concerns
Tata Sons Chairman N Chandrasekaran Steps Down Amid Trust Tensions
Tata Sons Chairman Chandrasekaran Steps Down Amid Board Rift
HDFC Bank CEO Search Tests Investor Confidence and Governance
N Chandrasekaran Resigns as Tata Sons Chairman, Stays Until 2027
HDFC Bank CEO Jagdishan to Step Down Amid Governance Scrutiny
