GENERAL9 Sept 2026
Coforge chairman resigns after audit finds concerns in board evaluation
Coforge chairman Om Prakash Bhatt resigned after an internal audit found problems in the board evaluation process. It said material information about his performance was not fully disclosed to the board. Bhatt, a former State Bank of India chairman, was appointed in 2024 and due to serve until April 2027. He maintains he acted in good faith. Vivek Sharma is interim chairman until January 31, 2027.
Key Statutory Highlights
- Coforge chairman Om Prakash Bhatt resigned after an audit into the board evaluation process found concerns, including that material information about his own performance was not fully disclosed to the board.
- Bhatt, a former State Bank of India chairman and Coforge chair since 2024, tendered his resignation on September 8, even though his term was due to end in April 2027.
- Coforge has named non-executive independent director Vivek Sharma as interim chair until January 31, 2027.
Actionable Advice for Taxpayers / Founders:If you serve on a board, review how your performance is documented and disclosed during evaluations, and keep your role transparent to avoid similar questions.
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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