Coforge shares fell 5% in five sessions: DK Singh quits as NRC chair citing differences; key details to know

Singh alleged “differences and tension” between independent and executive directors. The IT services firm, however, refuted Singh’s claims as “unfounded” and an “afterthought”, saying his resignation followed an internal audit review that flagged governance lapses in how he and former Chairman O P Bhatt handled a board evaluation exercise.

Following Singh’s resignation, the IT services firm in a regulatory filing said, “…the Board has reconstituted Nomination and Remuneration Committee (NRC) and Stakeholders’ Relationship Committee (SRC) and has designated Ms. Beth Boucher, Non-Executive Independent Director, as the Chairperson of the NRC.”

Coforge also said that as interim Chair till January 31, 2027, Vivek Sharma will lead a global search for adding additional independent directors to the board. He will also oversee the process of electing the new Chair, which will consider both existing and newly appointed directors.

Sharma’s global governance experience with listed companies is expected to assist the Board in this process, the company said.

What DK Singh said in his resignation letter

“This has not been an easy decision by any means. However, following the unfortunate events of the past several weeks and resignation of the Chairman - Mr. OP Bhatt early this week, I believe this is the appropriate decision for me at this time,” Singh said in his resignation letter.

“When I joined the Board in 2024, it was transitioning from a private equity-led Board to a more independent Board. While I believe that transition was moving in the right direction, it also created some differences and tension, particularly between the Independent and Executive Directors. With the addition of new Board members, there may again be changes in direction and priorities in areas such as strategy, transparency, and compensation et al.

Singh said that throughout his tenure, he had believed an independent director had a responsibility to ask thoughtful questions, provide independent judgment and make decisions based on what was in the long-term best interests of the company and its shareholders.

He said that while he welcomed constructive debate and different viewpoints, he believed the current circumstances could make it increasingly difficult for him to effectively fulfil his responsibilities as an independent director. He added that the circumstances could also make it difficult for him to exercise the independent judgment he believed was necessary to act in the best interests of the company and all its shareholders.

Singh said the matters referred to above were the material reasons for his resignation and confirmed that there were no other material reasons for his resignation.

Coforge share price details

On Friday, Coforge shares closed at ₹1,846.5 apiece on the National Stock Exchange, rising 0.73%. In the last five trading sessions, the stock has declined 5%.

From the beginning of the year, shares of Coforge have surged 12%. Over a month’s time, the stock has jumped 1.3%, while for the six-month period, the stock has climbed over 70%.

Shares of the firm had hit a 52-week high of ₹2,021.20 on August 31, 2026, and a 52-week low of ₹1,008.10 on March 17, 2026.

According to NSE data, as of September 11, 2026, Coforge has a total market capitalisation of ₹81,785.27 crore.