Coforge independent director resigns after board-rating disclosure dispute

  • DK Singh resigned as Coforge's non-executive independent director.
  • 9%: Coforge shares fell nearly 9% after Bhatt's resignation became public.
  • Coforge said Bhatt withheld a low board-evaluation rating from other directors.

Coforge said non-executive independent director DK Singh resigned, citing "differences and tensions" between the company's independent and executive directors. The resignation follows Om Prakash Bhatt's departure as chairman after Coforge said he withheld from the board a finding that he received a low rating in a board evaluation. The reports were provided to Bhatt and the chair of the nomination and remuneration committee, but not to other directors on Bhatt's instruction, and their presentation did not cover all relevant findings. Coforge's shares fell nearly 9% on Wednesday, while an internal audit remains ongoing. Independent director Vivek Sharma is serving as interim chairman until January 31, 2027, and Bhatt said he acted in good faith.

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