Outcome of Board Meeting
COFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Coforge Limited reported strong audited consolidated financial results for Q4 and FY2026 ended March 31, 2026. Consolidated revenue grew 36% to Rs 164,027 Mn from Rs 120,733 Mn, while profit after tax increased 86% to Rs 17,447 Mn from Rs 9,361 Mn. Basic EPS for FY2026 stands at Rs 46.44 versus Rs 24.60 in prior year. The Board fixed May 16, 2026 as the Record Date for determining Cigniti shareholders' eligibility for the share exchange (1:1 ratio) following the amalgamation effective April 1, 2025. The dividend proposal has been deferred to the next meeting. Statutory auditors S.R. Batliboi & Associates LLP issued an unmodified opinion. Post year-end, the company completed acquisition of Encora US Holdco Inc. and Encora Holdings Ltd. for Rs 221,935 Mn (USD 2,440 Mn), funded through share swap (Rs 170,326 Mn) and secured borrowings (Rs 51,609 Mn).
Strong financial performance with near-doubling of profits and solid revenue growth demonstrates operational strength. The Cigniti amalgamation and Encora acquisition expand the company's scale and capabilities, though the deferred dividend and large acquisition debt warrant monitoring.