GENERAL29 Sept 2026
Coforge appoints former Bharti Enterprises VC Akhil Gupta as chairperson
Coforge has named Akhil Kumar Gupta, a chartered accountant, as its new chairperson for five years, after chairman O P Bhatt quit on September 9 and the company lost over ₹4,400 crore in market value. Shareholders must still approve the appointment. If you hold Coforge shares, watch the board's governance and the pending shareholder vote closely.
Key Statutory Highlights
- Coforge appointed former Bharti Enterprises vice-chairman Akhil Kumar Gupta as chairperson and non-executive independent director for five years, effective Tuesday, subject to shareholder approval.
- Former chairman O P Bhatt resigned on September 9 after an internal audit revealed he withheld a board evaluation report that gave his own performance the lowest rating.
- The fallout wiped out more than ₹4,400 crore in the company's market valuation, and nomination and remuneration committee chairperson D K Singh also quit.
Actionable Advice for Taxpayers / Founders:If you own Coforge shares, read the company's filings on the shareholder approval vote before acting on this news, and speak to your advisor about whether boardroom changes affect your investment plan.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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