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05Jun 26

CLSA Maintains High-Conviction Outperform on Coforge with Target Price of ₹2,075

CLSA has maintained a High-Conviction Outperform rating on Coforge with a target price of ₹2,075, citing confidence in robust FY27 growth. The brokerage highlights continued market-share gains from strong sales execution and a healthy deal pipeline, while AI-led delivery and commercial improvements are expected to drive margin expansion. The successful integration of Encora is projected to yield revenue synergies beginning Q3 FY27, further strengthening the company's growth outlook.

05Jun 26

Coforge completes allotment of 1.26 crore shares for Cigniti merger

Coforge Limited allotted 1,26,71,602 equity shares to Cigniti Technologies shareholders on June 3, 2026, under a 1:1 exchange ratio, increasing its paid-up capital to ₹88,53,43,092. The company is proceeding with listing formalities for the new shares.

05Jun 26

Coforge board meeting on July 27 to consider Q1FY27 results

Coforge Limited has announced a board meeting on July 27, 2026, to consider and approve the un-audited consolidated and standalone financial results for the quarter ended June 30, 2026. The trading window for designated persons will be closed from July 1, 2026, until 48 hours after the results declaration. Additionally, a conference call with analysts and institutional investors is tentatively scheduled for July 28, 2026.

03Jun 26

Coforge launches Nexa Agentic AI Platform for global insurance sector

Coforge Limited announced the launch of the Nexa Agentic AI Platform, a solution designed to help global insurers industrialize intelligent operations. The platform offers modular orchestration agents and a marketplace of over 30 AI assets, featuring six flagship orchestrators that target underwriting, claims, and compliance to significantly improve efficiency and reduce costs.

31May 26

Coforge schedules investor roadshows from May 27

Coforge Limited has scheduled Non-Deal Roadshows and an Investors Relation Day between May 27 and June 16, 2026, under Regulation 30 of SEBI Listing Regulations. The events include meetings in Mumbai and Singapore, concluding with an Investors Relation Day in Greater Noida.

31May 26

Coforge postal ballot e-voting begins May 30 for director appointments

Coforge Limited has commenced remote e-voting for its postal ballot from May 30 to June 28, 2026, to seek shareholder approval for the regularization of three directors. The Board approved the appointments of Mr. Vivek Sharma as Independent Director and Ms. Shweta Jalan and Mr. Atin Jain as Non-Executive Non-Independent Directors. The company has engaged NSDL for the e-voting process, with results to be declared on or before June 30, 2026.

25May 26

Coforge gets listing approval for 93.8 million shares

Coforge Limited secured in-principle approval from stock exchanges on May 22, 2026, to list 93,796,508 equity shares of ₹2 face value each. These shares were allotted on a preferential basis to Encora US Holdco, Inc. and Encora Holdings Ltd. on April 23, 2026, pursuant to a Share Subscription and Share Purchase Agreement. The company has filed the necessary corporate action with depositories to credit the shares to the allottees' demat accounts.

22May 26

Coforge launches Aeronova.AI for airline retailing transformation

Coforge announced the launch of Aeronova.AI, a purpose-built framework designed to help airlines transition to Offer, Order, Settlement and Delivery (OOSD) operations. The platform addresses execution challenges by providing a structured acceleration layer of reusable assets and AI-assisted automation, enabling carriers to move from legacy PNR environments to order-led retailing without disrupting revenue.

18May 26

Coforge Records ₹16.97 Crore Block Trade on NSE at ₹1,340.10 Per Share

Coforge Ltd. recorded a block trade on the NSE involving approximately 1,26,621 shares at ₹1,340.10 per share, with a total deal value of ₹16.97 crores. Such block trades are privately negotiated transactions commonly used by institutional investors to build or reduce significant positions while minimising market price impact.

06May 26

Motilal Oswal Mutual Fund Reports Disposal of Coforge Shares Under SEBI Takeover Regulations

Motilal Oswal Mutual Fund disclosed the disposal of 55 shares of Coforge Ltd on April 30, 2026, via market transactions, under SEBI Takeover Regulations. Prior to the disposal, the fund's 16 schemes collectively held 2,58,13,477 shares (6.0080%), and post-disposal the holding stood at 2,58,13,532 shares (6.0080%). The total equity share capital of Coforge Ltd remained unchanged at 42,96,47,126 shares with a face value of Rs. 2 each. The filing was submitted to BSE Limited on May 05, 2026, by Aparna Karmase, Head – Compliance, Legal and Secretarial.

06May 26

Coforge Records Rs. 44.32 Crore Block Trade on NSE at Rs. 1260.00 Per Share

Coforge recorded a block trade on the NSE involving approximately 351,758 shares at Rs. 1260.00 per share. The total value of the transaction amounted to Rs. 44.32 crores. Such block trades are generally associated with institutional participation and large-scale portfolio activity.

06May 26

Coforge FY26 Revenue Surges 35.9%; FY27 EBITDA Margin Guided at 20.5–21%

Coforge reported FY26 consolidated revenue of Rs 164,027 million (+35.9% YoY) and PAT of Rs 15,557 million (+91.6% YoY), with Q4 net profit at Rs 6.1 billion and EBIT margin at 15.7%. Management guided FY27 consolidated EBITDA margins of 20.5–21%, standalone EBIT margins of 16.5–17%, and free cash flow to PAT of 100%+, supported by Encora acquisition synergies and AI-led delivery efficiencies.

05May 26

Coforge-Cigniti Merger Turns Effective: $2.50B AI-Native Engineering Entity Formed

The Coforge-Cigniti Technologies merger scheme has become effective following the filing of the NCLT order with the Registrar of Companies, Haryana, with Cigniti now dissolved and amalgamated into Coforge. The Board is set to fix the record date for share issuance on May 5, 2026, under a 1:1 swap ratio. The combined $2.50 billion entity focuses on AI-led Engineering, Data and Cloud services, with EBITDA margins expanding from 11% to 19% post-acquisition.

29Apr 26

Coforge Recognized as Leader and Star Performer in Everest Group's Duck Creek Services PEAK Matrix Assessment 2026

Coforge has been recognized as both a Leader and Star Performer in Everest Group's Duck Creek Services PEAK Matrix Assessment 2026, demonstrating strong performance in market impact and vision & capability dimensions. The company's AI-enabled Forge-X platform delivers up to 50% efficiency gains across delivery lifecycles, while its portfolio of AI-powered agentic assets drives significant business outcomes for insurance carriers. With over 1,200 certified professionals globally and comprehensive Duck Creek lifecycle capabilities, Coforge continues to strengthen its position in the insurance technology transformation market.

24Apr 26

Coforge Completes Encora Acquisition with $550M Loan, Share Allotment

Coforge Limited has officially completed its strategic acquisition of Encora US Holdco and Encora Holdings following a Board meeting on April 23, 2026. The transaction was executed through a comprehensive dual-component financing structure combining a USD 550 million loan facility and preferential allotment of 9,37,96,508 equity shares at Rs 1,815.91 per share. The Board also approved a Second Amendment Agreement to the Share Subscription and Share Purchase Agreement, appointed two Additional Directors from Advent Private Equity, and authorized creation of charges over company assets to secure the loan facility.

23Apr 26

Coforge Plans to Build 45 Major Client Relationships Worth Over $10 Million Each in US Market

Coforge has announced plans to build 45 highly scalable client relationships worth more than $10 million each in the US market through its combined company operations. This strategic initiative focuses on establishing substantial, long-term partnerships rather than numerous smaller engagements, positioning the company for sustained growth in one of the world's largest IT services markets.

23Apr 26

Coforge Targets $2 Billion Revenue from AI-Led Engineering and Cloud Services by FY27

Coforge has announced a strategic revenue target of $2 billion by FY27 from its AI-led engineering, data, and cloud services offerings. This ambitious goal reflects the company's focus on high-growth technology segments and its commitment to capitalizing on increasing enterprise demand for artificial intelligence and cloud-based solutions.

22Apr 26

Coforge Officially Launches AI-Native Solutions Voyager.AI and FlightFlex.AI

Coforge has launched two new AI-native products for the airline industry - Voyager.AI for real-time personalized customer experiences and FlightFlex.AI for disruption recovery and automated rebooking. The solutions address operational and commercial challenges in aviation through advanced AI capabilities and real-time decisioning.

21Apr 26

Coforge Ltd. Records Rs. 22.65 Crore Block Trade on NSE

Coforge Ltd. witnessed a significant block trade on NSE worth Rs. 22.65 crores involving approximately 175,260 shares at Rs. 1292.30 per share. The transaction reflects institutional activity and demonstrates the stock's liquidity in the market.

18Apr 26

Coforge Limited announces resignation of senior management personnel

Coforge Limited has disclosed the resignation of two senior management personnel, Anup Kumar and Manish Hemrajani, effective April 17, 2026. The announcement was made under Regulation 30 of SEBI Listing Regulations. Anup Kumar, who served as EVP & Head M&A, cited entrepreneurial aspirations as the reason for his departure after two years, during which the company executed five acquisitions and saw revenue grow from $1.1B to $2.5B. Manish Hemrajani, Head of Investors Relations, also resigned on the same date.

17Apr 26

Coforge Ltd. Records Rs. 27.43 Crore Block Trade on NSE at Rs. 1313.40 Per Share

Coforge Ltd. completed a major block trade on NSE worth Rs. 27.43 crores involving approximately 208,840 shares at Rs. 1313.40 per share. The transaction indicates significant institutional investor activity and represents a notable equity movement in the IT services company.

16Apr 26

Coforge Allots 39,681 Equity Shares Under Employee Stock Option Plan

Coforge Limited has allotted 39,681 equity shares under its Employee Stock Option Plan (ESOP) 2005, with the ESOP Allotment Committee approving the allotment on April 15, 2026. This has increased the company's paid-up share capital to 33,58,50,618 equity shares of Rs. 2 face value each, totaling Rs. 67,17,01,236. The company is completing formalities for listing these shares and will submit necessary documents to exchanges for trading approvals.

14Apr 26

Coforge Limited Schedules Earnings Call for May 5, 2026 to Discuss Q4FY26 and FY26 Results

Coforge Limited has scheduled an earnings call for May 5, 2026 at 5:15 PM IST to discuss Q4FY26 and FY26 financial results. The call will include management presentation followed by Q&A session, with pre-registration required. Recordings will be archived on the company's investor relations webpage in compliance with statutory requirements.

14Apr 26

Coforge Limited Submits SEBI Compliance Certificate for Q4 FY26

Coforge Limited has submitted its mandatory quarterly certificate under SEBI Regulation 74(5) for Q4 FY26 ended March 31, 2026, to BSE and NSE exchanges. The certificate, issued by registrar MUFG Intime India Private Limited, confirms proper handling of dematerialization processes and compliance with securities regulations. Company Secretary Barkha Sharma digitally signed the submission on April 14, 2026, demonstrating Coforge's adherence to corporate governance standards.

13Apr 26

Coforge Secures All Regulatory Approvals for $2.5B Encora Acquisition Deal

Coforge Limited has completed all regulatory approvals and statutory clearances for its strategic acquisition of Encora across multiple jurisdictions. The deal will create a combined $2.5 billion run-rate entity focused on AI-led engineering, data, and cloud services, with transaction closure expected by end of April 2026.

09Apr 26

Coforge Launches AI Mod Squads with Outcome-Based Human-Agent Pods Using Subscription Pricing

Coforge has introduced AI Mod Squads, an innovative subscription-based delivery model featuring outcome-based human-agent pods that combine over 130 pre-built AI agents with specialized engineers. The solution offers two deployment options and has demonstrated significant results including 70% cycle time reduction in banking loan origination and 50% faster insurance underwriting cycles.

07Apr 26

Coforge Records ₹21.29 Crore Block Trade on NSE at ₹1,235.50 Per Share

Coforge Ltd. executed a major NSE block trade worth ₹21.29 crores involving 172,339 shares at ₹1,235.50 per share. This substantial institutional transaction highlights significant trading activity and demonstrates meaningful investor participation in the IT services company's stock.

06Apr 26

Coforge Promotes Sunil Fernandes to Chief Operating Officer with Immediate Effect

Coforge Limited announced the promotion of Sunil Fernandes to Chief Operating Officer (COO) with immediate effect on April 06, 2026. Fernandes, previously EVP - Global Delivery Head since July 2024, will oversee global delivery operations plus admin, facilities, and internal IT services while reporting to CEO Sudhir Singh from Princeton, NJ. With over 30 years of industry experience at companies including Accenture, Infosys, and Cognizant, Fernandes will focus on improving execution, scaling operations, and accelerating AI-native practices to support Coforge's growth ambitions in the AI-driven services landscape.

02Apr 26

Coforge Partners With Solstice Innovations to Accelerate P&C Insurance Modernization

Coforge has formed a strategic partnership with Solstice Innovations to revolutionize P&C insurance modernization through advanced Agentic AI technology. The collaboration combines Coforge's Forge-X AI platform with Solstice's Equinox™ system to create comprehensive modernization solutions, featuring a dedicated Center of Excellence for faster client onboarding and system integration across multiple insurance lines.

31Mar 26

Coforge Receives RBI Approval for USD One Billion Encora Acquisition Deal

Coforge Limited has obtained Reserve Bank of India approval for Overseas Direct Investment exceeding USD One Billion for its Encora acquisition announced on March 30, 2026. The transaction, initiated through agreements signed on December 26, 2025, involves Target Companies Encora US Holdco, Inc. and Encora Holdings Ltd., along with investors from UK and Cayman Islands. The company has previously secured Hart-Scott-Rodino Antitrust approval in the United States, shareholder approval via postal ballot for Preferential Allotment and Debt Funding, and competition approvals in Australia and other jurisdictions. Several remaining regulatory approvals across various jurisdictions are in advanced processing stages.

28Mar 26

Coforge Limited Appoints Vivek Sharma as Independent Director for Five-Year Term

Coforge Limited has appointed Mr. Vivek Sharma as Additional Director and Non-Executive Independent Director for a five-year term effective April 1, 2026, subject to shareholder approval. The Board approved the appointment on March 27, 2026, based on the Nomination and Remuneration Committee's recommendation. Mr. Sharma brings extensive experience in AI, data science, and digital transformation, having served on boards of Kaiser Permanente and JetBlue Airways, and previously as CEO of InStride, Senior Vice President at Disney, and in leadership roles at Yahoo and McKinsey & Company.

28Mar 26

Coforge Limited Board Meeting Scheduled for May 5, 2026 to Consider Q4FY26 Results

Coforge Limited has announced a board meeting on May 5, 2026, to approve audited consolidated and standalone financial results for Q4FY26 and the full year ended March 31, 2026. The company will close its trading window from April 1, 2026, for designated persons and immediate relatives until 48 hours after results declaration. The board will also consider interim dividend proposals for Financial Year 2025-26 and determine the record date if approved. A conference call with analysts is scheduled for 5:15 PM IST on the same day.

28Mar 26

NCLT Reserves Order for Cigniti Technologies-Coforge Amalgamation Scheme

Cigniti Technologies Limited announced that the National Company Law Tribunal has reserved its order for the proposed amalgamation scheme with Coforge Limited, with statutory authorities providing no-objection to the merger. The scheme involves Cigniti as transferor company merging into Coforge as transferee company under sections 230-232 of Companies Act 2013.

26Mar 26

Coforge Limited Allots 10,720 Equity Shares Under Employee Stock Option Plan

Coforge Limited has allotted 10,720 equity shares under its Employee Stock Option Plan (2005) on March 25, 2026, following approval from the ESOP Allotment Committee. This allotment has increased the company's paid-up share capital to 33,58,10,937 equity shares of face value Rs. 2/- each, totaling Rs. 67,16,21,874. The company is completing formalities for listing these shares and will file necessary documents with stock exchanges for trading approvals.

25Mar 26

CLSA Maintains High Conviction Outperform Rating on Coforge with Rs 2278 Target Price

CLSA maintains High Conviction Outperform rating on Coforge with Rs 2278 target price, driven by AI-led managed services opportunities and strong executable orderbook growth. The brokerage expects mid-teens USD growth supported by improving revenue per employee and margins. Coforge trades at attractive valuation of ~20x PE and ~1x PEG versus historical 1.8x PEG ratio.