Coforge shares fall almost 2% as firm's board meets today to consider stock split; check key details

“…The meeting of the Board of Directors of the company is scheduled to be held on Tuesday, March 04, 2025, inter alia, to consider the proposal of alteration in the share capital of the company by subdivision/split of the existing equity shares of the face value of Rs. 10/- each, fully paid-up, in such a manner as may be determined by the Board of Directors subject to approval of the shareholders of the company and any approvals, as may be required under applicable law,” the company had said in an exchange filing last week.

At close, Coforge shares settled at ₹7,215.20 apiece on NSE, declining 1.93%. Its market capitalisation stood at ₹48,250.28 crore at end of the trading session. In a year, the scrip has gained 14.24%, while in the last 6 months, the stock has rallied 16.25% while the equity benchmark indices underperformed.

The IT solutions firm had also informed that the trading window for dealing in the securities of the company will remain closed for all designated people and their immediate relatives with immediate effect.

“The trading window will reopen 48 hours after the dissemination of the outcome of the meeting. Accordingly, all Designated Persons and their immediate relatives, directly or indirectly, are prohibited from dealing in the securities of the company during this period,” it further said in the statement.

A stock split is a corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares. It is generally aimed at making shares more affordable and increasing liquidity in the market.

For the quarter ended December 31, 2025 (Q3 FY25), Coforge posted a 10% growth in adjusted net profit for the December quarter to ₹268 crore, as its CEO exuded confidence that the coming year will continue to see robust and sustained growth for the IT solutions company.

The profit attributable to the owners of Coforge, however, dipped to ₹215.5 crore from ₹238 crore in the year-ago period. The company officials attributed this to the minority interest factor concerning its current 54% holding in Cigniti Technologies, which is set to merge with Coforge with effect from April 1, 2025.

For the quarter under review, the adjusted PAT at ₹268 crore (excluding the minority factor) was up 10.3% on a year-on-year basis, the company said in a release.