Summary
Coforge’s strong deal wins, sustained execution and improving cash conversion have kept it in good stead.
Coforge shares extended their loss on Thursday following a 5% drop on Wednesday after the company's chairman and non-executive independent director of the board Om Prakash Bhatt resigned ahead of his term ending in April 2027. An internal audit of the board evaluation exercise highlighted discrepancies in the evaluation process, the disclosure of certain material information, and aspects related to the chairman's performance.