Coforge Limited shareholders have approved the appointment of three directors to its board through a postal ballot process that concluded on June 28, 2026. The resolutions sought approval for Mr. Vivek Sharma as an Independent Director, and Ms. Shweta Jalan and Mr. Atin Jain as Non-Executive Non-Independent Directors. All three resolutions were passed with the requisite majority, as detailed in the scrutinizer's report submitted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The remote e-voting process was monitored by Nityanand Singh, proprietor of M/s. Nityanand Singh & Co., Company Secretaries. The voting period commenced on May 30, 2026, and concluded on June 28, 2026. A total of 3,22,065 shareholders were eligible to vote as on the cut-off date of May 22, 2026. The results were declared on June 28, 2026, and are available on the company's website and the National Securities Depository Limited portal.

Voting Results Summary

The appointment of Mr. Vivek Sharma as an Independent Director was approved as a Special Resolution. The resolution received 83.1590% votes in favour, with 29,47,85,394 shares supporting the appointment against 5,96,98,651 shares opposing it. The total number of valid votes cast for this resolution was 35,44,84,045.

The appointments of Ms. Shweta Jalan and Mr. Atin Jain as Non-Executive Non-Independent Directors were approved as Ordinary Resolutions. Ms. Jalan's appointment received 99.6210% votes in favour, with 35,35,14,575 shares supporting the motion. Mr. Jain's appointment was approved with 98.9104% votes in favour, representing 35,09,93,161 shares.

Senior Management Appointment

In a separate disclosure pursuant to Regulation 30 of the SEBI Listing Regulations, Coforge Limited announced the appointment of Mr. Anup Nair as Senior Management Personnel, effective June 29, 2026. Mr. Nair has been appointed as the EVP & Chief AI Commercial Officer. He brings over 25 years of experience in AI commercialization, digital transformation, and platform strategy. Mr. Nair holds a Bachelor of Engineering degree from Pune University and an MBA from The University of Manchester.

Coforge has received a Buy rating from BoFA Securities, with the brokerage setting a target price of ₹1,725 for the mid-cap IT company. The initiation of coverage reflects a broadly positive assessment of the company's operational and strategic positioning within the Indian IT landscape.

Key Investment Rationale

BoFA Securities outlined a comprehensive set of factors underpinning its Buy recommendation. The brokerage's assessment is anchored in both near-term operational performance and longer-term structural strengths.

Strengths Highlighted by BoFA Securities

BoFA Securities cited the following attributes as central to its positive stance on Coforge:

• Strong sales growth reflecting consistent revenue momentum
• Disciplined execution across business operations
• Successful M&A integration demonstrating effective capital deployment
• Progress in AI strategy as a forward-looking differentiator within the mid-cap IT segment
• Balance-sheet discipline underscoring financial prudence
• Scalable competitive moat supporting long-term positioning

The brokerage's coverage frames Coforge as a well-rounded mid-cap IT player, with the combination of organic growth drivers and inorganic expansion capabilities forming the foundation of its investment thesis. The emphasis on AI strategy progress and a scalable competitive moat further reinforces the company's standing within the broader technology services sector.