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Coforge announced the resignation of Anup Kumar � EVP & Head M&A (SMP) and Manish Hemrajani - Head of Investors Relations with effect from 18 April 2026.

Coforge has allotted 39,681 equity shares under ESOP on 15 April 2026. Consequently, the paid up equity share capital has increased to 33,58,50,618 equity shares of face value of Rs. 2/- each aggregating to Rs. 67,17,01,236.

Coforge today announced that all the regulatory approvals and statutory clearances in multiple jurisdictions for the acquisition of Encora have been secured. On 26 December 2025, Coforge announced its intent to acquire Encora to create a $2.5 Bn AI-native tech services firm with a $2 Bn data, AI led engineering and cloud-based services core.Integration planning and execution are progressing exactly in line with the established schedule as communicated earlier. The integration management office continues to track workstreams across all functional areas, and the Company is on course to meet its stated integration milestones. Leadership continuity remains a critical priority, and the Company is pleased to report that all the senior leaders that it has asked to stay have accepted the offer. Furthermore, the cost optimization program targeting General & Administrative (G&A) functions is progressing on track. With detailed workplans and governance structures established, the Company remains confident in achieving its margin guidance as its cost optimization plan is expected to deliver 20%-25% reduction in G&A costs for the combined business within the projected timelines.The front-end commercial and sales teams of both organizations are ready to commence collaborative operations immediately post-closing. The early commencement of these activities reflects the Company`s confidence in the strategic rationale of the transaction and its commitment to delivering value to shareholders at the earliest opportunity.

Coforge announced a strategic partnership with Solstice Innovations, Inc. to accelerate agentic AI-led adoption of modern core insurance technology for P&C insurers. Under the agreement, Coforge will establish a dedicated Center of Excellence (CoE) powered by its Forge-X AI platform, enabling faster, more intelligent client onboarding, system integration, migration, quality engineering, and business process transformation for Solstice and its customers. The Coforge-Solstice partnership brings together two AI-native capabilities that in combination will redefine P&C insurance modernization through agentic AI. Solstice`s agentic Equinox� platform defines the destination as a modern, intelligent core system that transforms how insurers operate, leverage, interface with and pay for their technology products. Coforge Forge-X defines the journey of an AI-driven delivery engine that gets insurers there faster and with greater confidence. Together, they create an end to-end modernization proposition that is both technically differentiated and commercially compelling for P&C insurers across multiple lines of business. Coforge Forge-X will serve as the primary accelerator for moving Solstice`s prospective and existing clients from legacy environments onto the Equinox platform with greater speed, lower risk, and measurably reduced implementation cost.

Coforge will hold a meeting of the Board of Directors of the Company on 5 May 2026.Powered by Capital Market - Live News