Coforge Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2026.
COFORGE · price
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Coforge Limited reported strong FY2026 results with consolidated revenue of Rs 164,027 Mn (up 36% from Rs 120,733 Mn) and consolidated profit after tax of Rs 16,745 Mn (up 74% from Rs 9,635 Mn). Standalone profit after tax nearly doubled to Rs 13,931 Mn from Rs 6,069 Mn. The Board approved amalgamation of Cigniti Technologies with Coforge (appointed date April 1, 2025), fixing May 16, 2026 as the Record Date for Cigniti shareholders to receive shares at 1:1 exchange ratio. The dividend proposal has been deferred. Subsequently, Coforge completed acquisition of Encora US Holdco and Encora Holdings for Rs 221,935 Mn (USD 2.44 billion), funded through Rs 170,326 Mn share swap (93.8 Mn shares at Rs 1,815.9) and Rs 51,609 Mn debt. Auditors issued unmodified opinion on both standalone and consolidated results.
The strong financial performance reflects robust growth across Americas, EMEA and ROW segments. The Cigniti amalgamation and major Encora acquisition indicate aggressive expansion strategy. Deferred dividend may create short-term uncertainty for income-focused investors. The large debt-funded acquisition increases leverage significantly.